corporate-governance
Top StoriesCiti Halted Financing for Trafigura’s Nickel Deals in October – Bloomberg
Top StoriesChina’s Sany Heavy Industry Moves Closer to Frankfurt Listing
Top StoriesInstitutional Investors Back Shell Board Lawsuit Over Climate Risk
BusinessTo Deliver an ESG Strategy, a Company Must Build an ESG Culture
First Abu Dhabi Bank Could Renew $35 Billion Offer for StanChart -Bloomberg News
Date: February 9, 2023
By Lawrence White LONDON (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered, once lock-up rules from its previous aborted bid expire, Bloomberg News reported on Thursday. StanChart shares rose as much as 9% on the news report. A StanChart spokesperson declined...
Soccer-Qatari Investors Set to Bid for Manchester United – Daily Mail
Date: February 8, 2023
(Reuters) -Qatari investors are planning to make a huge bid to buy Premier League club Manchester United, the Daily Mail newspaper reported on Tuesday, citing unnamed sources. The report described the investors as “a group of private, high-wealth individuals” from Qatar, which hosted the 2022 World Cup. United declined to comment when contacted by Reuters....
Fewer Than One in 200 Companies Have Credible Climate Plans, Says Cdp
Date: February 8, 2023
LONDON (Reuters) – Fewer than one in 200 companies who submit climate change-related data to a leading environmental disclosure platform have credible climate transition plans, the nonprofit platform CDP said on Wednesday in its latest review of corporate submissions. The data underlines the scale of the gap between company pledges to transition to net-zero carbon...
From Boom to Bottom and Now Big Change: Renault and Nissan Reshape Alliance
Date: February 6, 2023
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their decades-long alliance aimed at easing tensions between the partners and putting them on equal footing. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault...
Billionaire Cohen Builds Stake in Nordstrom, Urges Board Shakeup
Date: February 3, 2023
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday. Cohen, who built his fortune by co-founding online pet retailer...
Adani Loses Asia’s Richest Crown as Stock Rout Deepens to $84 Billion
Date: February 1, 2023
By Chris Thomas and Aditi Shah BENGALURU (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip...