Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) … Read more

Fed’s Powell could get Senate renomination nod Thursday

Check out what’s clicking on FoxBusiness.com. Federal Reserve Chairman Jerome Powell could win Senate confirmation as soon as Thursday afternoon, according to CSPAN. Powell was nominated for a second term by President Biden. GET FOX BUSINESS ON THE GO BY CLICKING HERE There had been a chance that the vote would take place Wednesday night, … Read more

Russia’s Currency Is World’s Top Performer in 2022

The Russian ruble is the world’s top performing currency in 2022, as it’s up 11% against the dollar. Amid wartime sanctions, Moscow has imposed capital controls to prop up its economy and currency. But currency traders are about to stop using the onshore exchange rate for some transactions. Loading Something is loading. The Russian ruble … Read more

Small business owners in Kansas sound off over mega corporations getting handouts

Small business owners in Kansas criticized a new law that exclusively provides mega corporations with massive subsidies and said they’d hire more staff and invest into growing their companies if they received similar tax breaks. The Attracting Powerful Economic Expansion Act (APEX) offers companies over $1 billion in public subsidies through measures such as tax … Read more

Siemens leaving Russia over Ukraine invasion

Check out what’s clicking on FoxBusiness.com. Siemens has joined a number of businesses that have announced an exit or suspension of their services in Russia due to the invasion of Ukraine. The company had put all new business in and international deliveries to Russia and Belarus on hold at the start of the war. GET … Read more

Lorie K. Logan Named President and CEO Of Dallas Fed

News Releases Logan Currently Leads the Fed’s Implementation of Monetary Policy at the New York Fed May 11, 2022 DALLAS—The Federal Reserve Bank of Dallas today announced the appointment of Lorie K. Logan as president and chief executive officer. In this role, Logan will represent the Eleventh Federal Reserve District on the Federal Open Market … Read more