June 11 (Reuters) – A Tesla (TSLA.O), opens new tab shareholder vote on Thursday on whether to reinstate CEO Elon Musk’s $56 billion pay package that was shot down by a Delaware judge will not provide a quick resolution, irrespective of the tally’s results. Tesla’s board is hoping shareholder approval will give the electric vehicle maker the legal ammunition it needs […]
STOCKHOLM, June 13 (Reuters) – The Swedish parliament’s finance committee has proposed that the central bank receive a capital injection of 25 billion crowns ($2.40 billion), less than requested by the board, the Riksbank said on Thursday. The central bank in April asked parliament for a capital injection of 43.7 billion crowns following a fall in the […]
MADRID, June 11 (Reuters) – Spain’s stock market supervisor said on Tuesday it has started assessing BBVA’s (BBVA.MC), opens new tab 12.28 billion euro ($13.19 billion) hostile takeover bid for Sabadell (SABE.MC), opens new tab, a potential tie-up that Madrid opposes. The National Securities Market Commission (CNMV) said it had admitted BBVA’s (BBVA.MC), opens new tab application for authorising the deal, […]
SINGAPORE, June 12 (Reuters) – DBS Group (DBSM.SI), opens new tab plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23% to a record […]
LONDON, June 13 (Reuters) – Britain’s Revolut is to become the first tenant in a newly refurbished building in London’s Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm accelerates hiring. Bankers arriving in Canary Wharf will soon be greeted by giant “Revolut” logos on top of […]
[SYDNEY] Australia’s troubled Commonwealth Bank admitted Thursday it has lost financial records for almost 20 million customers in a major security blunder – but insisted there was no need to worry. The nation’s biggest company said it cannot find two magnetic data tapes that stored names, addresses, account numbers and transaction details from 2000 to […]
SYDNEY—Bapcor has become a 1.83 billion Australian dollar (US$1.21 billion) target for a private equity takeover, five weeks after the Australian automotive-accessory provider issued a profit warning. The ASX-listed company on Tuesday said it received an indicative A$5.40-a-share cash proposal from Bain Capital Private Equity at the end of last week. Its board is considering the […]
MADRID, June 11 (Reuters) – Spain’s booming tourism industry will buoy the country’s overall economic growth rate to a solid 2.3% in 2024, much higher than its European Union peers, the Bank of Spain said on Tuesday. In its quarterly outlook update, the central bank raised its growth forecast from a previous 1.9% three months […]
NEW YORK/MEXICO CITY, June 10 (Reuters) – The Mexican governing party’s unexpectedly lopsided victory last week has investors concerned that it may use its mandate to sweep aside some of the checks on presidential power which have long been a source of comfort to the business community. The possibility that current president Andres Manuel Lopez […]
June 10 (Reuters) – The U.S. Securities and Exchange Commission in April had sought additional disclosures from New York Community Bancorp (NYCB.N), opens new tab in its preliminary proxy statement, regulatory filings made by the regional lender showed on Monday. The regulator requested NYCB to revise its proxy filing to briefly discuss the reasons for its recent […]