By Shivani Tanna (Reuters) – Roger Ng, the former Goldman Sachs Group Inc banker convicted for helping to embezzle Malaysia’s 1MDB sovereign wealth fund, appealed to a New York court on Saturday not to force him to spend more time in prison. In anticipation of his sentencing hearing scheduled for March 9, Ng’s lawyers asked …
Ex-Goldman Sachs banker seeks mercy in 1MDB case Read More »
KUALA LUMPUR (Reuters) – Abu Dhabi’s International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over the scandal at Malaysian state fund 1MDB, Malaysia’s finance ministry said on Monday. Malaysia in 2018 had filed a challenge in a London court against a …
Abu Dhabi’s IPIC and Aabar to pay Malaysia $1.8 billion to settle 1MDB dispute Read More »
LONDON (Reuters) – Britain will not proceed with legislation planned to override some post-Brexit trade rules for Northern Ireland, the government said on Monday after reaching a new deal with the European Union. “The UK Government will no longer proceed with the Northern Ireland Protocol Bill, as the UK and EU have come to a …
Britain to drop planned Northern Ireland protocol bill Read More »
(Reuters) – The U.N. Libya envoy will launch a new initiative to enable elections this year with the formation of a high-level steering committee, he said on Monday, attempting to break a year-long stalemate that has risked renewed conflict. Addressing the U.N. Security Council, Abdoulaye Bathily said the panel would bring together representatives of political …
UN Libya envoy to launch new effort to break stalemate Read More »
By John Revill ZURICH (Reuters) -Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. Lebanese authorities charged Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit …
Swiss regulator investigates 12 banks in Lebanese central banker corruption case Read More »
By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) – Ericsson’s CEO says the company is still in the market for more acquisitions, albeit smaller ones, after splurging over $7 billion to buy networking company Cradlepoint and communication platform Vonage. In contrast with Nokia, which announced a new strategy focused on enterprise, Ericsson expects to continue …
Ericsson CEO targets smaller acquisitions, talks up enterprise offering Read More »
CIUDAD DE MÉXICO, 27 feb (Reuters) – El presidente de México, Andrés Manuel López Obrador, calificó el lunes como un “títere” de la oligarquía a la mandataria peruana, Dina Boluarte, en un nuevo roce diplomático entre ambas naciones que carecen de embajadores desde diciembre. El viernes, Boluarte anunció el “retiro definitivo” del embajador peruano en …
Presidente de México califica como “títere” de oligarquía a mandataria peruana Read More »
By Shankar Ramakrishnan (Reuters) -Some highly rated U.S. companies have issued bonds that convert to shares to raise several billion dollars so far this year, in what bankers said signals a shift in a market that has long been dominated by companies with few other options to raise money. Investment-grade-rated companies have traditionally avoided such …
Some highly rated US companies take unusual funding route as rates rise Read More »
(Reuters) – Bath & Body Works Inc said on Monday investor Third Point’s potential proxy contest is misguided and is a result of the specialty retailer not willing to appoint the hedge fund’s former co-chief investment officer to its board. Billionaire investor Daniel Loeb had last week told the company that Third Point was planning …
Bath & Body Works calls investor Third Point’s proxy contest “misguided” Read More »
MADRID (Reuters) – Madrid-based restaurant operator AmRest Holdings said on Monday it has decided to sell its KFC restaurant business in Russia to a different buyer after the owner of the franchise executed its rights to oppose a deal announced two months ago. AmRest, which is listed on the Warsaw and Madrid stock markets, said …
AmRest sells KFC restaurant business in Russia to different local investor Read More »
