BERLIN (Reuters) -Volkswagen AG is in advanced discussions with Porsche Automobil Holding SE about a potential IPO of the luxury carmaker and the two have negotiated a framework agreement as the basis for preparing such a step, Volkswagen said on Tuesday. The conclusion of an agreement must be approved by the management board and supervisory…
MOSCOW (AP) — Russian lawmakers on Tuesday authorized President Vladimir Putin to use military force outside the country — a move that could presage a broader attack on Ukraine after the U.S. said an invasion was already underway there. Several European leaders said Russian troops rolled into rebel-held areas in eastern Ukraine after Putin recognized…
(Reuters) – London Stock Exchange Group agreed to buy cloud-based technology provider TORA for $325 million, the British stock exchange operator said on Tuesday, adding the rapidly growing digital assets class to its trading capabilities. The potential acquisition of TORA, which supports customers trading multiple asset classes including equities, fixed income and digital assets across…
BRUSSELS (Reuters) – EU member states’ ambassadors will meet on Tuesday morning to discuss possible sanctions against Russia in response to its formal recognition of two breakaway regions of Ukraine, with limited sanctions a possible option, an EU official said. An EU diplomat said separately that the meeting would be an “information point” for the…
STOCKHOLM (Reuters) -Airline SAS reported on Tuesday a wider loss for its November through January quarter and said it would launch a new transformation programme across its business and look to raise new capital. The airline, which is part-owned by the governments of Sweden and Denmark, reported a fiscal first-quarter loss before tax of 2.60…
STOCKHOLM (Reuters) – Airline SAS reported on Tuesday a wider loss for its November through January quarter and said it would launch a new transformation programme across its business and look to raise new capital. The airline, which is part-owned by the governments of Sweden and Denmark, reported a fiscal first-quarter loss before tax of…
HONG KONG (AP) — HSBC PLC on Tuesday reported 2021 profit more than tripled to $12.6 billion as the bank sold its retail business in France and expanded wealth management in Asia. Profit rose despite a 2% decline in revenue to $49.6 billion amid the COVID-19 pandemic’s pressure on commercial customers, the bank reported. HSBC…
By Lucy Raitano (Reuters) – March was expected to be a busy window for Europe’s stock market listings, but a potential conflict between Russia and Ukraine and market uncertainty are prompting companies to put their plans to go public on ice. Proceeds raised so far this year by companies going public in Europe, the Middle…
BEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street slid on anxiety over President Vladimir Putin’s authorization to send Russian soldiers into eastern Ukraine. Shanghai, Hong Kong, South Korea and Australia advanced. Oil prices edged higher on concern about possible disruption to Russian supplies. Japanese markets were closed for a holiday. Global stock…
LONDON/SINGAPORE (Reuters) – HSBC said Hong Kong’s strict curbs on travel and social interaction are hurting the economy and may impact the ability to hire and keep staff in the Asian financial hub, in one of the strongest comments yet by a global lender on the city’s tough measures to combat the COVID-19 pandemic. “The…
