corporate-governance
FinanceExclusive-Norway Wealth Fund’s Watchdog to Probe Shoemakers, Crypto Firms Over Ethics in 2025
Top StoriesSwiss Corruption Case Involving Trafigura and Former Executive Opens
BusinessStellantis Drops After CEO Tavares Resigns
Top StoriesSwiss Corruption Case Involving Trafigura and Former Executive Opens
Tennis-Swiatek Accepts One-Month Suspension After Failing Doping Test, Says Itia
Date: November 29, 2024
By Rohith Nair (Reuters) -World number two and five-times Grand Slam champion Iga Swiatek has accepted a one-month suspension after testing positive for banned substance trimetazidine (TMZ), the International Tennis Integrity Agency said on Thursday. Swiatek tested positive in an out-of-competition sample in August but the ITIA, which runs tennis’s anti-doping programme, accepted that it...
Australia’s Star Entertainment Shares Hit Record Low on Liquidity Concerns
Date: November 28, 2024
(Reuters) – Embattled casino operator Star Entertainment closed 7.1% lower on Thursday, hitting an all-time low of A$0.195, as it flagged challenging operating conditions, near-term liquidity challenges and deteriorating earnings. Australia’s No.2 casino operator has been in the eye of a perfect storm that has hit Australian casino operators for years, with Star and Blackstone-owned...
Insurer Direct Line Rejects Aviva’s $4.16 Billion Takeover Bid
Date: November 28, 2024
(Reuters) -British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov. 19, Aviva made a 250-pence-per-share offer, which represented a nearly 60% premium to the stock’s close a day earlier. If the deal went through, Direct...
HSBC Loses Court Challenge Against $33.4 Million EU Cartel Fine
Date: November 27, 2024
By Foo Yun Chee BRUSSELS (Reuters) -HSBC on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after Europe’s second top court sided with EU regulators in the long-running case. The European Commission, which acts as the EU competition watchdog, levied the fine in 2021, saying HSBC, JPMorgan Chase and...
Just Eat Takeaway to Withdraw From London Stock Exchange, Citing Costs
Date: November 27, 2024
PARIS (Reuters) – Netherlands-based food delivery company Just Eat Takeaway.com on Wednesday announced its plans to de-list its stock from the London stock exchange at the end of this year, the latest large company to withdraw from the bourse. The step was aimed at reducing “the administrative burden, complexity and costs associated with the disclosure...
ArcelorMittal Wins UK Bid to Put Liberty Steel Subsidiary Into Administration Over Unpaid Debt
Date: November 27, 2024
LONDON (Reuters) – ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration due to a 140 million euro ($147.4 million) debt which a London court found was unlikely to be paid. ArcelorMittal, the world’s second-largest steelmaker, sued Liberty Steel East Europe (Holdco) Ltd...