(Reuters) – Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to two others filed earlier this year. The lawsuit, details of which have not been published, was filed with the Nizhny Novgorod Regional Arbitration Court on Friday. GAZ did not immediately respond to Reuters’…
(Reuters) -UBS Group AG’s Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s executives most likely to become part of the management team, the Financial times reported on Saturday, citing people familiar with the plans. Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business,…
(Reuters) -UBS Group AG’s Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s executives most likely to become part of the management team, the Financial times reported on Saturday, citing people familiar with the plans. Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business,…
LONDON (Reuters) – All eyes will be on the British royal family this weekend as they are joined by about 100 heads of state and global dignitaries for the coronation of King Charles. Below are details on the leading members of the royal family, their position in the line of succession and what they are…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Warren Buffett is set to preside over Berkshire Hathaway Inc’s annual meeting for the 59th time on Saturday as investors make their pilgrimage to hear the investing legend, at a time of turmoil for the banking industry and as trouble looms for the economy. Tens of thousands of people…
By Jessie Pang HONG KONG (Reuters) -Hong Kong police seized an exhibit on Friday in connection with what they said was an attempt to incite subversion, with media reporting it was a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Media reported the exhibit was the Pillar of Shame, an eight-metre (8.75…
By Erwin Seba HOUSTON (Reuters) -A fire at Shell Plc’s Deer Park, Texas chemical plant appeared to be contained by 6 p.m. CDT (2300 GMT), said Harris County Sheriff Ed Gonzalez at a news conference. Five people were taken for evaluation of possible injuries due to exposure to chemicals burned in the fire on an…
By Ted Hesson WASHINGTON (Reuters) -The U.S. will finalize by May 11 a new regulation that will deny asylum to many migrants caught crossing the U.S.-Mexico border illegally, the same day sweeping COVID-19 restrictions at the border are set to end, Homeland Security Secretary Alejandro Mayorkas said on Friday. Under the new regulation, migrants will…
(Reuters) -Scope Ratings on Friday placed the United States of America’s AA long-term issuer and senior unsecured debt ratings in local and foreign currency under review for a possible downgrade due to longer run risks associated with the misuse of the debt ceiling instrument. Scope, which is seen as the leading European credit rating agency,…
(Reuters) – MSCI will lower the free float of two of India’s Adani Group companies, Adani Total Gas and Adani Transmission in its May index review, the financial index provider said on Friday. MSCI now sees the Adani Total Gas’ free float at 14% and Adani Transmission at 10%, from 25%. Free float is defined…
