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OTTAWA (Reuters) – The Canadian government said on Thursday it laid 200 charges against steelmaker ArcelorMittal’s Canada unit for violating the country’s Fisheries Act. The charges stem from several investigations launched by the Canadian environment ministry’s enforcement officers. The concerned subsection of the law prohibits depositing or permitting “the deposit of a deleterious substance in …

Canada lays 200 charges against ArcelorMittal for alleged violation of Fisheries Act Read More »

By Jaspreet Singh (Reuters) -Spotify said on Friday its U.S. app update has secured Apple’s approval to show pricing information and external payment links, days after a judge barred the iPhone maker from charging commission on off-app purchases. Shares of Spotify, founded in 2006 in Stockholm, were up more than 6% in morning trading. The …

Spotify’s US app update with purchase links gets Apple approval Read More »

PARIS (Reuters) – Lactalis, the world’s largest dairy group, is interested in international investments but has not signed an agreement to buy parts of New Zealand-based dairy giant Fonterra, it said on Friday following reports it was considering an offer. The French, privately owned company was among those considering bidding for units Fonterra is seeking …

France’s Lactalis says no deal signed on possible Fonterra units purchase Read More »

By Scott Murdoch and Rishav Chatterjee (Reuters) -Australia’s antitrust regulator on Friday began an informal review of Lactalis’ proposed bid for Fonterra’s assets on the block, even though the French dairy giant said it had not signed any deal with the New Zealand-based firm. A spokesperson for the regulator said it had received an application …

Australia launches informal review of unannounced Lactalis bid for Fonterra assets Read More »

(Reuters) -Proxy adviser Institutional Shareholder Services (ISS) has recommended Aston Martin investors reject the luxury car maker’s pay report and policy, citing mismatches between top executives’ payouts and shareholder “experience” last year. Aston Martin’s new CEO, Adrian Hallmark, was appointed on a salary with a “material premium” to that of his predecessor, making it stand …

ISS recommends Aston Martin investors reject pay report Read More »

(Reuters) -European equity funds attracted the largest weekly inflow in over a year in the week ending April 30, while U.S. funds saw outflows for a third straight week on continued uncertainty around the impact of tariffs on global economic growth. Investors bought a net $14.64 billion worth of European equity funds, the most in …

Investors snap up European equity funds, but flee from US funds for a third straight week Read More »

By Akash Sriram and Kanchana Chakravarty (Reuters) – Apple shares fell 5% on Friday after the company trimmed its stock buyback program and CEO Tim Cook flagged a $900 million tariff-related hit to costs this quarter amid a raging Sino-U.S. trade war. U.S. President Donald Trump’s tariff flip-flops have thrown corporate plans into disarray, even …

Apple shares fall as buyback cuts, tariff fears fan investor jitters Read More »

By Ariane Luthi and Oliver Hirt ZURICH (Reuters) -The head of the world’s banking watchdog said Switzerland’s existing rules on bank capital do not unfairly penalise its lenders versus rivals elsewhere, pushing back on arguments UBS has made to oppose government plans to toughen them up. Under Swiss proposals to make banks hold more capital …

Basel boss signals ‘Swiss finish’ to capital rules is not unfair on UBS Read More »

(Reuters) – Spotify said on Thursday it has submitted an app update to Apple with an external link to buy subscriptions, after a U.S. judge ruled that the iPhone maker violated the order that required it to allow greater competition for app downloads. The Swedish audio streaming giant said in a letter to Apple that …

Spotify submits app update to Apple with external link for purchases in US Read More »