LONDON (Reuters) – The London Metal Exchange (LME) has taken disciplinary action regarding the risk management systems of ABN AMRO Clearing Bank NV, which has agreed to pay a fine of 230,000 pounds ($299,200), the exchange said on Thursday. The exchange, the world’s oldest and largest market for industrial metals, said a settlement was reached …
LME fines ABN AMRO $300,000 in disciplinary action Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Daniel Loeb told investors on Thursday that his firm Third Point built a new stake in DSV A/S during the third quarter and he sees “significant upside” for the Danish freight forwarder and logistics company. DSV will benefit from its planned acquisition of Schenker, …
Loeb’s Third Point built stake in DSV in Q3, sees ‘significant upside’ Read More »
LONDON (Reuters) -Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia’s so-called “shadow fleet”. Britain says the ‘shadow fleet’ uses illicit practices to avoid Western restrictions on Russian oil. The announcement came after the United …
UK imposes sanctions on Russian oil and LNG vessels Read More »
By John Revill ZURICH (Reuters) – U.S. environmental groups have stepped up a campaign to get cement maker Holcim to curb its carbon footprint, writing to its chairman and potential investors in its North American business before it is spun off next year. Swiss sustainability-focused proxy adviser Actares, which represents individual shareholders in Holcim, has …
Environment groups call on Holcim to cut carbon footprint ahead of US spinoff Read More »
LONDON (Reuters) – British American Tobacco (BAT) will launch a version of its Velo nicotine pouches using synthetic nicotine in the United States, David Waterfield, president of the company’s U.S. subsidiary Reynolds American, said on Wednesday. Smoking alternatives like vapes from big tobacco companies, including BAT, usually contain naturally occurring nicotine derived from the tobacco …
British American Tobacco to launch synthetic nicotine pouches Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – New forecasts by the International Monetary Fund point to a difficult future for the global economy marked by lackluster medium-term growth, escalating trade tensions and high levels of debt, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva painted a sobering picture in a speech ahead …
IMF chief expects lukewarm growth in medium term, urges reforms Read More »
LONDON (Reuters) – The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an “unacceptable” reversal that could delay gender parity for another five generations, a consultancy said on Thursday. The Pipeline, which analyses gender diversity at senior corporate levels, said the average proportion …
Number of female business leaders in Britain falls in 2024, report says Read More »
By Mateusz Rabiega GDANSK (Reuters) – Poland’s largest fashion retailer LPP said on Thursday its deputy CEO Przemyslaw Lutkiewicz resigned from his position due to health reasons. The firm’s CEO is set to put forward Marcin Bojko as a candidate for the deputy role, said LPP in a separate statement. Bojko, who has been acting …
Poland’s fashion retailer LPP’s deputy CEO resigns due to health reasons Read More »
By Ankika Biswas, Paolo Laudani and Johann M Cherian (Reuters) -European stocks closed less than 1% away from record high levels on Thursday after the European Central Bank delivered a widely expected 25-basis-point rate cut, even though it refrained from offering new clues about its next move. The continent-wide STOXX 600 index ended higher by …
European shares close higher after ECB lowers interest rates Read More »
By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest control group Rentokil announced an overhaul of its struggling North America business, while investors continued to bet on further policy easing by the Bank of England (BoE). The blue-chip index rose 0.7% to close …
FTSE 100 touches five-month closing high on optimism over rate cuts Read More »
