By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator for an initial public offering (IPO) that is widely expected to be the country’s largest public issue. The IPO by India’s largest insurer will offload 316.25 million shares,…
WINDSOR, Ontario (AP) — The busiest U.S.-Canada border crossing reopened late Sunday after protests against COVID-19 restrictions closed it for almost a week, while Canadian officials held back from a crackdown on a larger protest in the capital, Ottawa. Detroit International Bridge Co. said in a statement that “the Ambassador Bridge is now fully open…
By Hadeel Al Sayegh and Moataz Mohamed DUBAI (Reuters) -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on Sunday. The shares will bolster the Public Investment Fund’s (PIF) strong financial position and high credit ratings in the…
AMSTERDAM (Reuters) – Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans to sell its Grubhub subsidiary. The company announced its intention to delist its U.S. shares on Tuesday. Shares of the Amsterdam-based company…
By Abhirup Roy MUMBAI (Reuters) – The former head of India’s largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse’s much-awaited public listing. In a case of “bizarre misconduct” that was a “glaring breach” of regulations,…
MILAN (Reuters) – An agreement between the Rome government and Stellantis for the carmaker’s planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted as saying on Sunday. “We are very close to signing the agreement for the gigafactory in Termoli where Stellantis will make batteries. It’s a…
By Nidhi Verma NEW DELHI (Reuters) – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of defrauding banks of 228.42 billion Indian rupees ($3.03 billion). The report, posted on the Central Bureau of Investigation’s website, said a forensic audit report it received from the banks…
WASHINGTON (Reuters) – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 million, the first to agree to settle, the law firm Cohen Milstein Sellers & Toll PLLC said in a release. “This first settlement agreement…
By Francesca Landini PARMA, Italy (Reuters) -The European Central Bank (ECB) will keep a flexible approach as it unwinds its ultra-expansionary monetary policy, monitoring not only inflation threats but also risks of uneven financing conditions across euro zone countries, a top policymaker said. ECB Governing Council member Ignazio Visco told a conference that the impact…
(Corrects headline and throughout to clarify that the closure is intended to be temporary and that the “Valuables” marketplace, which allows sales of tweets as NFTs, is still active) By Elizabeth Howcroft LONDON (Reuters) -The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were…
