(Reuters) – Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to two others filed earlier this year. The lawsuit, details of which have not been published, was filed with the Nizhny Novgorod Regional Arbitration Court on Friday. GAZ did not immediately respond to Reuters’ …
Russian carmaker files third lawsuit against Volkswagen Read More »
(Reuters) -UBS Group AG’s Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s executives most likely to become part of the management team, the Financial times reported on Saturday, citing people familiar with the plans. Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business, …
UBS chief draws up Credit Suisse leadership shortlist, FT says Read More »
WARSAW (Reuters) – Poland may extend zero VAT rate on food staples into 2024 if inflation persists, Prime Minister Mateusz Morawiecki said on Saturday. Poland slashed taxes on a long list of products from fuel to fertilizer to help consumers cope with surging inflation, but had to return to higher taxes on gasoline this year …
Poland may extend zero VAT on food into 2024 if inflation persists Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ and GfK are prepared to sell the German market research firm’s consumer panel business to secure EU antitrust regulators’ concerns over their tie-up, a person with direct knowledge of the matter said on Friday. NielsenIQ will refile its request to the European Commission for approval of …
NielsenIQ, GfK ready to sell GfK’s asset to win EU okay for tie-up, source says Read More »
By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. Shares for the global industrial manufacturer rebounded in early trading …
CNH Industrial raises revenue guidance on robust tractor demand Read More »
By Shreyashi Sanyal (Reuters) -European shares ended Friday on solid ground aided by a boost in shares of HSBC and from energy firms that tracked a rebound in oil prices, but wrapped a week packed with high-profile central bank meetings and heavy earnings with a decline. The pan-European STOXX 600 index closed 1.1% higher, with …
European shares rise as energy firms, HSBC boost; end second straight week lower Read More »
OSLO/ROME (Reuters) – Norway’s sovereign wealth fund, the world’s largest single stock market investor, will vote against Paolo Scaroni becoming chair of the board at utility Enel, adding to a growing revolt over the Italian Treasury’s nomination. The Norway fund joins other Enel shareholders which are opposed to Scaroni’s appointment because of concerns over governance …
Norway fund to vote against Enel chairman candidate Paolo Scaroni Read More »
By Shristi Achar A and Amruta Khandekar (Reuters) -Gains in financial and energy shares helped lift the UK’s FTSE 100 on Friday, in a roller-coaster week marked by interest rate hikes from major central banks as well as renewed concerns about the U.S. banking system. The internationally focused index ended 1% higher, a day after …
FTSE 100 rebounds on boost from energy, banks; logs weekly decline Read More »
By Helen Reid LONDON (Reuters) -Adidas shares jumped on Friday after better-than-expected first-quarter results, although CEO Bjorn Gulden forecast “a bumpy year with disappointing numbers”. The German sportswear giant is forecasting a loss this year after ending its Yeezy partnership with rapper Kanye West, who changed his name to Ye in 2021. But on Friday, …
Adidas shares leap on results but CEO warns of bumpy year Read More »
By Eva Mathews and Radhika Anilkumar (Reuters) – IHG Plc Chief Executive Keith Barr will step down next month after six years at the helm, the Holiday Inn-owner said on Friday, sending its shares down despite strong first-quarter results driven by a rebound in Chinese demand. The 52 year-old American plans to return to his …
IHG boss to step down as Holiday Inn-owner sees China rebound Read More »
