(Reuters) – Australian ‘Big-Four’ bank ANZ Group’s shareholders are set to vote on outgoing chief executive Shayne Elliott’s pay this week, while the lender is being investigated for alleged bond-trading misconduct. Australia’s corporate regulator pulled up ANZ in May for the alleged breaches that it said occurred last year. The CEO’s exit in mid-2025 will …
Factbox-Scandals that rocked corporate Australia in 2024 Read More »
SEOUL (Reuters) – South Korea’s monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to minutes released on Tuesday. “It is deemed more urgent at this time to respond preemptively …
Bank of Korea board members see need to respond to slowing economy, minutes show Read More »
By Libby George and Karin Strohecker LONDON (Reuters) – Investors burned by Sri Lanka’s $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation’s leaders to better manage the country. Industry experts say the result is a first-of-its-kind bond linked to governance that will cut Sri Lanka’s debt …
(Reuters) -Britain’s competition regulator cleared Carlsberg’s deal with soft drinks maker Britvic on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth probe. Carlsberg struck a deal to acquire the British soft drinks maker in July, aiming to establish a UK beverage “powerhouse”. The deal, which is expected to close on …
UK competition watchdog clears Carlsberg’s $4.23 billion acquisition of Britvic Read More »
By Sarita Chaganti Singh, Sudarshan Varadhan NEW DELHI/SINGAPORE (Reuters) -The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India’s largest renewables contract. …
Adani deal under bribery scrutiny was approved against officials’ advice Read More »
OSLO (Reuters) – Sweden’s Intrum, Europe’s biggest debt collector, on Tuesday said it was seeking a settlement with creditors who object to the company’s debt restructuring plan. Intrum last month filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt, which reached 49.4 billion Swedish crowns ($4.53 billion) at …
Intrum seeks settlement with creditors opposing Chapter 11 plan Read More »
SAO PAULO/JOHANNESBURG (Reuters) – Brazilian digital bank Nubank said it has invested $150 million in Tyme Group, a digital bank with 15 million customers in South Africa and the Philippines, funding that will help Tyme Group finance its push into Southeast Asia and list by 2028. In a statement on Monday, Nubank said Tyme Group’s …
Brazilian digital lender Nubank invests $150 million in Tyme Group Read More »
NAIROBI (Reuters) – A Kenyan court has sentenced a man to 50 years in prison after he was convicted of the murder of gay rights activist Edwin Kiptoo nearly two years ago. Kiptoo’s killing in early 2023 sent shockwaves through the LGBTQ community in the conservative East African nation. His body was found in a …
Kenyan man sentenced to 50 years in jail for killing LGBTQ activist Read More »
(Reuters) -Australia’s Qantas Airways said on Tuesday that it has reached a settlement with the Transport Workers Union (TWU) for compensation of A$120 million ($76.2 million) that it will pay former ground workers who were sacked in 2020. The airline will pay the ex-employees through a compensation fund that will be established in early 2025, …
Australia’s Qantas to pay $76 million to former employees Read More »
By Luc Cohen and Jack Queen NEW YORK (Reuters) -Donald Trump on Monday lost a bid to overturn his criminal conviction stemming from hush money paid to a porn star in light of the U.S. Supreme Court’s July ruling recognizing immunity from prosecution for a president’s official acts. Justice Juan Merchan’s denial of Trump’s motion …
Trump loses bid to toss hush money conviction on immunity grounds Read More »
