By Stephen Nellis SAN LUIS OBISPO, Calif. (Reuters) – Apple Inc’s iPhone 14 models contain a Qualcomm Inc chip that can talk to satellites, but have additional custom-designed Apple components used in the phone’s biggest new feature, according to an analysis of the phone by iFixit and an Apple statement. Apple released its iPhone 14…
TOKYO (Reuters) – Chubu Electric Power Co, Orix Corp and other Japanese companies are considering to invest in Toshiba Corp, the Nikkei newspaper reported on Sunday. Toshiba is publicly seeking strategic proposals and restructuring plans, including going private after a buyout. Among those bidders selected for a second bidding round, Japan Industrial Partners (JIP), the…
MOSCOW (Reuters) -Russian mining giant Nornickel plans to increase the equity holdings of employees and other individuals to collectively comprise 25% of the company, up from 10% now, its largest shareholder Vladimir Potanin told RBC TV. Nornickel, the world’s top palladium and refined nickel producer, was one of the biggest prizes in the post-Soviet carve-up…
MOSCOW (Reuters) -Russian mining giant Nornickel plans to increase the equity holdings of employees and other individuals to collectively comprise 25% of the company, up from 10% now, its top shareholder Vladimir Potanin said on Saturday. Potanin told RBC TV that the change would be made in a 10-year programme called “Digital Investor” that would…
MOSCOW (Reuters) – Russian businessman Vladimir Potanin, the top shareholder at mining giant Nornickel, on Saturday proposed a 10-year programme that would raise the equity holdings of individuals, including that of its employees, to 25% from 10% now. Speaking to RBC TV, Potanin said the so-called ‘Digital Investor’ programme would begin in 2023 and include…
By Carolyn Cohn, Danilo Masoni and Simon Jessop LONDON/MILAN (Reuters) -Porsche’s leadership set-up and the limited influence for stock market investors after its IPO are prompting some fund managers – particularly those focussed on governance issues – to think twice about whether to invest in the listing. Volkswagen has said it will list its Porsche…
By Lewis Krauskopf NEW YORK (Reuters) – A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices. The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an…
By Jonathan Stempel NEW YORK (Reuters) – Credit Suisse Group AG reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to “high-risk” clients such as Archegos Capital Management. A preliminary settlement of the proposed class action was filed on…
By Medha Singh and Bansari Mayur Kamdar (Reuters) -FedEx Corp’s shares had their worst day ever and closed at the lowest price since early pandemic months, after the delivery heavyweight pulled its forecast, feeding into fears of a global demand slowdown while piling more pressure on its new chief executive for a quick turnaround. The…
By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened to its lowest level in nearly two years against the greenback on Friday and Canada’s stock market fell more than 1% as investors grew cautious ahead of domestic inflation data and a Federal Reserve interest rate decision next week. The Canadian dollar was trading 0.4%…
