By Huw Jones LONDON (Reuters) -Britain’s accounting watchdog said on Thursday it had fined PwC and KPMG, two of the world’s top four auditors, for “serious” failings in their auditing of Eddie Stobart Logistics (ESL) company in 2017 and 2018. PwC was fined 1.9 million pounds ($2.4 million), reduced from 3.5 million pounds due to …
PwC and KPMG fined over Eddie Stobart Logistics audit Read More »
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares were muted on Thursday as hawkish signals from a slew of major central bankers offset a boost from H&M, after the Swedish retailer posted a stronger-than-expected quarterly profit. The pan-European STOXX 600 index was broadly unchanged at 456.34 by 0829 GMT, paring some early gains. The …
European shares muted on rate-hike jitters; H&M jumps on robust profit Read More »
(Reuters) – The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic political risk concerns after an aborted mutiny over the weekend, with market uncertainty fuelling demand for safe-haven assets. By 0823 GMT, the rouble was 0.7% weaker against the dollar at 86.96 <RUBUTSTN=MCX> having hit 87.47, …
Rouble hits 15-month low past 87 vs dollar on political risk concerns Read More »
By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end the day at $189.25, putting Apple’s market value at $2.98 trillion, according to Refinitiv data. It was the second …
Apple stock hits record, on cusp of $3 trillion market value Read More »
By David Shepardson (Reuters) -The trade group representing nearly all major automakers wants the U.S. Environmental Protection Agency to soften its proposal to sharply cut vehicle emissions through 2032 saying it is “neither reasonable nor achievable.” The EPA said in April the proposed 2027-2032 standards would cut emissions by 56% compared to the existing 2026 …
Auto industry seeks to soften Biden vehicle emissions proposal Read More »
By Mathieu Rosemain PARIS (Reuters) -Orange, France’s biggest telecoms operator, is opening exclusive talks with bank BNP Paribas with the aim of bringing its online retail banking clientele under BNP Paribas’ umbrella, Orange confirmed in a statement on Wednesday. If successful, the talks would put an end to Orange’s venture into the retail banking sector, …
France’s Orange enters exclusive talks with BNP Paribas to exit retail banking Read More »
MILAN (Reuters) – More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63%, the Bank of Italy said on Wednesday. Digital banking in Lombardy has grown 20 percentage points since 2015, the central bank said in a report on the …
Digital banking in Italy’s industrial heartland at over 75% – BOI Read More »
By Padraic Halpin DUBLIN (Reuters) – Ireland bolstered its powerful data regulator’s ability to stop the sharing of information during its inquiries into global tech companies amid criticism from opposition parties, privacy activists and non-governmental organisations. Ireland’s Data Protection Commissioner (DPC) is the European Union’s lead regulator of many of the world’s largest technology companies …
Ireland bolsters data watchdog’s powers, privacy activists cry foul Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Businesses and Big Tech on Wednesday criticised European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. The Data Act, agreed on Tuesday, sets out rights and obligations …
Businesses criticise new EU data rules, consumer group sees missed opportunity Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ is set to secure EU antitrust clearance for its proposed acquisition of German market research firm GfK on the condition GfK sells its consumer panel business, people familiar with the matter said. U.S. consumer market research company NielsenIQ, which is present in more than 90 markets …
Exclusive-NielsenIQ’s GfK deal set for conditional EU antitrust approval Read More »
