Porsche SE weighs selling Volkswagen shares to help fund Porsche IPO-sources
FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to buy into a potential stock…
FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to buy into a potential stock…
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a…
(Corrects headline to strategic “review”, from “options”) – Albertsons Cos Inc said on Monday it had started a review of potential strategic alternatives, including financial deals, nearly two years after…
SAN FRANCISCO – Luxury electric car maker Lucid Group on Monday revised down its production forecast for this year due to “extraordinary supply chain and logistics challenges,” knocking its shares…
PARIS – Shares in Societe Generale, the French bank that owns Russia’s Rosbank, and carmaker Renault slumped on Monday after Western nations imposed sanctions on Russia after its attack on…
DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked…
MILAN – Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on Thursday, before triggering an automatic trading suspension,…
HAMBURG – Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to…
By Sinchita Mitra -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net new business for the half…
By Juliette Portala -Worldline’s fourth-quarter sales surpassed market expectations, prompting the French payments company to herald a new year of “conquest” in Europe, with shares rising more than 9%. The…
Channing Tatum’s new movie “DOG” shares a pro-American message by shining a light on the tenacity and grit of soldiers even when they are not on the battlefield. Tatum, best…
– Spotify Technology’s shares fell 5% on Friday after Joe Rogan’s podcast was briefly not accessible on the company’s streaming platform. The podcast can now be accessed and Spotify did…
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming…
PARIS -Shares in French power utility EDF lost early gains and were down 1.3% after Les Echos reported that the government is leaning towards a more than 2 billion euro…
PARIS – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan…
SAO PAULO – Brazil’s state-controlled development bank BNDES sold on Wednesday 50 million shares of the meatpacker JBS SA, raising about 1.9 billion reais ($369.90 million), said the director of…
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of…
– Shares of independent shale driller Continental Resources fell more than 8% on Tuesday, outpacing declines in the broader energy complex, after the company’s 2022 spending outlook topped expectations and…
By Sruthi Shankar and Shashank Nayar -European stocks pulled back some of their recent losses on Tuesday following reports that some Russian troops near Ukraine were returning to their bases,…
West Virginia Democratic Sen. Joe Manchin blasted Dr. Robert Califf, President Joe Biden’s nominee to lead the Food and Drug Administration, in a speech on the Senate floor Monday, saying…
By Hyunjoo Jin SAN FRANCISCO -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov.…
– Shares of the largest publicly listed U.S. crypto exchange Coinbase slipped in premarket trading on Monday, after a surge in traffic following a Super Bowl advertisement resulted in the…
BERLIN – Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade on Monday after Germany’s Finance Minister said the government would not keep its stake in the lender…
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth…
HONG KONG -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move…