corporate-governance
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HSBC’s Direction in Question After Elhedery’s Sprint to CEO Contender
Date: October 26, 2022
By Lawrence White, Sinead Cruise and Anshuman Daga LONDON/SINGAPORE (Reuters) -Georges Elhedery’s appointment as HSBC’s chief financial officer caps a journey that’s taken him from war-torn Lebanon to frontrunner for the top job at Europe’s biggest bank. It’s also surprised investors and raised questions about HSBC’s direction. Known at HSBC for his strategic vision more...
Financial Services Firm Tiaa Faces Academic Backlash Over Energy Holdings
Date: October 19, 2022
By Ross Kerber (Reuters) – Climate-minded academics called on a United Nations-backed group to sanction financial services firm TIAA unless it improves its environmental record, highlighting the divide between nonprofits moving away from fossil fuels and big investors sticking with oil and gas stocks. Known for handling university professors’ retirement money, TIAA and its Nuveen...
Just Eat Delivers Q3 Profit as Cost Cuts Outweigh Lower Order Volumes
Date: October 19, 2022
By Diana Mandia and Dagmarah Mackos (Reuters) -Just Eat Takeaway.com, Europe’s largest meal delivery company, said on Wednesday it made an underlying quarterly profit earlier than expected as efforts to cut delivery and operating expenses offset falling orders. The total value of orders, known as gross transaction value (GTV), a common measure for e-commerce companies,...
Holcim Supports Resolution With U.S. Regarding Legacy Operations in Syria
Date: October 19, 2022
ZURICH (Reuters) – Holcim said it supported the agreement made by Lafarge SA with the United States Department of Justice on Tuesday regarding the company’s funding of Islamic State to allow it to keep a cement plant running in Syria. A financial penalty of $778 million and a plea agreement has been arranged to resolve...
German Prosecutors Search Deutsche Bank Hq in Tax Fraud Probe
Date: October 18, 2022
By Tom Sims and Marta Orosz BERLIN (Reuters) -German prosecutors have searched the headquarters of Deutsche Bank in connection with an ongoing investigation of the multibillion-euro tax fraud scheme known as “cum-ex”, Deutsche Bank said on Tuesday. Germany’s largest lender is one of many banks that prosecutors have raided in connection with the tax scheme...
Germany’s Slm Recommends Shareholders Accept Nikon Takeover Offer
Date: October 12, 2022
(Reuters) – The board of German 3D metal printing machine maker SLM Solutions Group AG on Tuesday recommended that its shareholders accept a takeover offer from Japanese camera maker Nikon Corp. Nikon announced last month its plans to take over SLM Solutions for 622 million euros ($607.20 million), in a bid to become the global...