MONTREAL – Proxy firm ISS joined Glass Lewis to back a Bombardier Inc proposal to reduce the number of its common shares, in a move the company said could help …
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Financial News
China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
by Reutersby ReutersBEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman for the State-owned Assets Supervision …
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Financial News
BOJ Gov Kuroda: “recent sharp yen weakening” could impact firms’ profit plans
by Reutersby ReutersTOKYO – Bank Of Japan Governor Haruhiko Kuroda said on Monday that the recent sharp weakening in the yen could impact on Japanese firms’ earnings plans. It is desirable that …
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Financial News
Italy to set up unit to scrutinise takeovers of strategic firms -sources
by Reutersby ReutersBy Giuseppe Fonte ROME – Italy plans to beef up its scrutiny of corporate takeovers with a new dedicated division at the cabinet office to oversee merger deals involving strategic …
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Financial NewsTop Headlines
Exclusive-Buyout firms GTCR, CD&R circle Merit Medical -sources
by Reutersby ReutersBy Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. medical device manufacturer Merit Medical …
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Financial News
U.S. House approves $55 billion in new COVID-19 aid for restaurants, other hard-hit firms
by Reutersby ReutersWASHINGTON – A majority of the U.S. House of Representatives on Thursday voted to approve a $55 billion COVID-19 aid bill aimed at helping restaurants and other businesses that continue …
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Financial News
Russian lawmakers vote for delisting of Russia-registered firms from foreign bourses
by Reutersby Reuters(Reuters) – Russia’s lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are registered in Russia and have …
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HONG KONG – Cash-strapped Kaisa Group entered into a strategic co-operation agreement with state-owned China Merchants Shekou Industrial Zone Holdings and China Great Wall Asset Management on joint venture arrangements …
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Financial News
Russia draws up law to force taxi firms to share data with FSB -document
by Reutersby Reuters(Reuters) – Russia’s transport ministry has drawn up a law that would oblige taxi companies to share data with the Federal Security Service (FSB), a document seen by Reuters showed …
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BEIJING – China will exempt the 3% Value Added Tax (VAT) levied on some small firms, the country’s main source of jobs, the finance ministry said on Thursday, to help …
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Financial News
U.S. will ‘absolutely’ hit Chinese firms if they violate export controls on Russia, says Raimondo
by Reutersby ReutersBy Andrea Shalal WASHINGTON -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially …
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Financial News
U.S. firms want pending natgas pipeline projects excluded from emissions rules
by Reutersby Reuters– Energy firms said they do not want U.S. federal energy regulators to apply new greenhouse gas emission guidelines to currently pending gas pipeline applications. On Feb. 17, the U.S. …
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FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices” in that …
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Financial News
China to give 1 trillion yuan tax rebates to small firms – CCTV cites cabinet meeting
by Reutersby ReutersBEIJING – China will give nearly 1 trillion yuan ($157 billion) in tax rebates to domestic small firms to shore up economic stability, state media CCTV quoted a cabinet meeting …
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Financial News
China cuts income tax for some small firms to 20% – finance ministry
by Reutersby ReutersBEIJING -China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease burdens on small businesses …
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Financial News
Russia’s VTB to hand over servicing of foreign securities to other firms – TASS
by Reutersby Reuters– Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the …
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Financial News
China says to protect rights of its telecoms firms after U.S. move
by Reutersby ReutersBEIJING – China opposes a U.S. crackdown on its telecom companies, the commerce ministry said on Thursday, after a U.S. regulator stripped Pacific Networks and its ComNet unit of authorisation …
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Financial News
China’s Shenzhen city says will allow firms to resume work in an orderly manner
by Reutersby ReutersSHANGHAI – Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and …
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Financial News
Russia to include electronics firms on list of essential companies -report
by Reutersby Reuters– Russia’s trade and finance ministries will widen the criteria for systematically important firms to include companies from the electronics sector, the TASS news agency quoted Deputy Prime Minister Dmitry …
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Financial News
Mercedes-Benz firms up plans for 2,500-tonne battery recycling plant
by Reutersby ReutersFRANKFURT – Luxury carmaker Mercedes-Benz AG on Friday firmed up plans to build a battery recycling pilot plant in Germany, part of a trend in which carmakers are trying to …
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LONDON – Russia’s central bank announced on Tuesday a series of steps to help financial market players such as private pension funds and management companies cope with the current “crisis …
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Financial News
Palladium firms near record, gold accelerates as Ukraine worries mount
by Reutersby ReutersBy Bharat Gautam – Palladium hovered marginally below an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, while …
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Financial News
Palladium firms near all-time peak on Ukraine, gold above $2,000/oz
by Reutersby ReutersBy Bharat Gautam – Palladium attempted to consolidate off an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, …
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Financial News
Brazil meat firms could replace Ukrainian, Russian suppliers as war rages on
by Reutersby ReutersBy Nayara Figueiredo SAO PAULO – Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers …
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Financial News
UK chairman of Polymetal among ‘mass exodus’ from Russian firms
by Reutersby ReutersBy Sachin Ravikumar -Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal and metals and hydropower group EN+, have quit in response to the …