corporate-governance
FinanceMalaysia’s 1MDB Files Legal Claim Against Amicorp Group Seeking Over $1 Billion for Alleged Fraud
InvestingTurmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision
BankingHow Secretive Swiss Sought to Keep a Lid on the Credit Suisse Crisis
Top StoriesJury Deliberates in Arm, Qualcomm Trial After Closing Arguments Wrap
Rio Tinto Shareholders Call for Resolution on Review of Dual-Listed Structure
Date: December 19, 2024
(Reuters) -Activist investor Palliser Capital and over 100 other shareholders on Thursday sought a resolution over a review of Rio Tinto’s dual-listed model, in a bid to unify the miner’s corporate structure. Earlier this month, UK-based Palliser pushed Rio Tinto to abandon its primary London listing and unify its corporate structure in Australia, saying about...
Germany Rejects UniCredit’s Latest Commerzbank Stake Hike in Strongest Rebuke Yet
Date: December 18, 2024
By Valentina Za, Rachel More and Tom Sims MILAN/BERLIN (Reuters) -Germany rejected UniCredit’s latest Commerzbank stake increase as an “uncoordinated and unfriendly approach” on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank’s biggest private investor in September, said it had raised its stake in Commerzbank to 28% using...
Credit Agricole Names Olivier Gavalda as Its New CEO
Date: December 18, 2024
PARIS (Reuters) -Credit Agricole said on Tuesday it had appointed Olivier Gavalda as the French bank’s new CEO. The 61-year-old is set to replace Philippe Brassac, 65, who has led the France’s second-biggest listed bank for the last decade and reached the age limit for holding the role. Gavalda, who is currently one of Credit...
Soccer-Manchester United’s Diallo Snatches Derby Victory at Stunned City
Date: December 16, 2024
By Lori Ewing MANCHESTER, England (Reuters) -Manchester United poured on the misery for flagging Premier League champions Manchester City as late goals by Bruno Fernandes and Amad Diallo snatched an unlikely 2-1 away victory from the jaws of defeat on Sunday. Ruben Amorim’s first Manchester derby looked like ending in a third successive league defeat...
Investors Set to Vote on Vivendi’s Breakup Gamble
Date: December 6, 2024
By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) – Vivendi will seek shareholder approval on Monday for a proposed break-up of the French media conglomerate, facing opposition from an activist investor who says the deal only benefits its top shareholder, the Bollore group. The group led by Yannick Bollore is backing a proposal...
Britain’s Guardian Group Agrees to Sell Observer Newspaper to Tortoise Media
Date: December 6, 2024
LONDON (Reuters) -Britain’s Guardian Media Group (GMG) and its owner the Scott Trust have agreed to sell The Observer, the world’s oldest Sunday newspaper, to startup Tortoise Media, the two groups said on Friday. The Scott Trust will also take a minority stake in Tortoise as part of the deal and a representative will join...