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Russia holds key rate at two-decade high despite slowdown fears
Russia holds key rate at two-decade high despite slowdown fears

Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown. In a statement announcing the rate decision, Russia's central bank acknowledged lending activity was "subdued" but that inflation, running above 10 percent, was still too high.

Bayer says legal woes could force it to pull weedkiller
Bayer says legal woes could force it to pull weedkiller

German chemicals giant Bayer said Friday it could be forced to pull its Roundup weedkiller from the market if it is not able to limit simmering legal troubles. Bayer has asked investors to approve a capital increase through the issuance of new stock to cover potential legal costs related to Roundup.