By Huw Jones LONDON (Reuters) -Lobbying by banks to water down agreed capital rules simply diverts them and their regulators from dealing with the day-to-day and emerging risks they face, a global banking watchdog said on Friday. The Basel Committee of banking regulators from across the world is facing pushback from banks in the United …
Basel watchdog urges banks to get on with implementing rules Read More »
(Reuters) – Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar Automotive Holding to its own shareholders. After completion of the proposed distribution, Sweden-based Volvo Cars said it will retain an 18% stake in Polestar. The heavy involvement by …
(Reuters) – UK-listed drugmaker Indivior Plc has begun consulting shareholders on shifting its primary listing to the United States by the middle of this year, it said on Thursday, after reporting a 27% jump in annual profit. If Indivior moves its primary listing, it would join a growing list of companies leaving London, where lower …
Drugmaker Indivior consults on moving primary listing from London to US Read More »
BERLIN (Reuters) -Four of the six current members of Lufthansa’s board, including Chief Financial Officer Remco Steenbergen, will step down by the end of June, the company said on Thursday. Michael Niggemann, personnel chief, will fill the CFO role on an interim basis, while Grazia Vittadini, now at Rolls-Royce, will join the board as chief …
Lufthansa to shed two thirds of its board by end-June -company Read More »
By Angelo Amante ROME (Reuters) -New investors are likely to emerge to help revive Italy’s steel industry after the government took charge of ArcelorMittal’s plants in the country this week, Prime Minister Giorgia Meloni said on Thursday. The government is looking for new industrial partners for Acciaierie d’Italia (ADI) — the Italian steel business. ADI …
New investors will revive Italy steelworks, Meloni says Read More »
BERLIN (Reuters) – German insurer Allianz on Thursday announced ahead of its fourth-quarter results a billion-euro share buyback programme to run for nine months from early March and raised dividends for next year by more than a fifth. The new dividend policy, under which the regular pay-out will rise from 50% to 60% of net …
Allianz boosts dividends, announces share buyback Read More »
By Noel Randewich and Medha Singh (Reuters) -Nvidia added $250 billion in stock market value on Thursday, on track for Wall Street’s largest one-day gain in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence. The company’s stock was last up 15% at $774.18, lifting …
Nvidia adds record $250 billion in stock market value Read More »
(Reuters) -Bouygues Telecom, the unit of French conglomerate Bouygues, said on Thursday it had signed an exclusivity agreement with La Poste Group to buy La Poste Telecom for 950 million euros ($1.03 billion). Bouygues Telecom would buy the entirety of the company which is currently 51% owned by postal company La Poste Group, and 49% …
Bouygues Telecom to buy La Poste Telecom for 950 million euros Read More »
By Andrew Goudsward WASHINGTON (Reuters) -The United States on Thursday charged the CEO of Russian-state owned VTB Bank Andrey Kostin and two U.S.-based associates with sanctions violations as part of a flurry of enforcement actions aimed at Russia two years after it invaded Ukraine. Kostin, who was sanctioned by the United States in 2018, is …
US charges head of Russia’s VTB Bank for sanctions violations Read More »
By Victoria Waldersee STUTTGART (Reuters) -Mercedes-Benz on Thursday delayed its electrification goal by five years and assured investors it would keep sprucing up its combustion engine models, becoming the latest carmaker to flag a weaker-than-expected appetite for battery-powered cars. The company now expects sales of electrified vehicles, including hybrids, to account for up to 50% …
Mercedes-Benz delays electrification goal, beefs up combustion engine line-up Read More »
