Dave Petratis boosted wages for his U.S. factory workforce in December - six months ahead of schedule for normal annual increases.

The container shipping arm of China's COSCO Shipping said on Friday that it will stop accepting new bookings for cargoes to and from Ukraine, the latest shipping group to take such action after Russia launched an invasion of Ukraine.

FRANKFURT (Reuters) -BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year even as markets are roiled by Russia's attack on Ukraine.

The London Stock Exchange said on Friday it has suspended VTB Capital's membership following Britain's sanctions in retaliation for Russia's invasion of Ukraine.

Russia's economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia's invasion of Ukraine and would be stepping up trade and economic ties with Asian countries.

FRANKFURT (Reuters) -Porsche's potential initial public offering (IPO) could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker's owner Volkswagen said on Friday, providing further details of what could become a record listing.