Bank of Russia reassures the world after Putin banned Russians' payments of hard currency to foreigners, including payments made "in connection with loan agreements."
Fed and ECB strategy of moderation is fraught with risks. Still, one Fed president says, "abrupt and aggressive action can actually have a destabilizing effect on growth and price stability. The most important thing is to be measured at our pace."
While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses.
She says J&J's shunting of baby-powder liabilities into a separate unit, then putting that entity in bankruptcy, allowed the company to clearly define how big its talc liabilities would be.
