By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials. In a Tuesday night court filing, the largest U.S. bank also described…
By Ross Kerber (Reuters) – Tesla Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. Tesla was cut from the index last year because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles. The removal prompted Chief…
(This June 20 story has been refiled to spell out the name of Healthcare of Ontario Pension Plan in paragraph 5) By Chibuike Oguh NEW YORK (Reuters) – Savers Value Village said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store…
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen is setting financial targets for each of its brands, cracking down on fixed costs and betting on improved productivity to boost its margins in the face of a sagging stock market performance and growing competition for market share. In a press call ahead of its Capital…
FRANKFURT (Reuters) -Euro zone inflation is stubborn and may require a protracted period of high interest rates to contain, partly due to an exceptionally tight labour market, the European Central Banks’ (ECB) two German policymakers said on Wednesday. The ECB has lifted rates by a combined 4 percentage points in the past year and promised…
PARIS (Reuters) – The headquarters of the Keneo sports consulting agency have been searched by French police in the course of investigations into alleged corruption surrounding the Paris 2024 Olympics, a judicial source said on Wednesday. Officials at Paris 2024 and Keneo did not immediately respond to Reuters’ requests for comment on Wednesday. The judicial…
OTTAWA (Reuters) -Canadian retail sales grew much more than expected in April and will likely post another gain in May, data showed on Wednesday, bolstering the chances that the Bank of Canada will raise rates again in next month. Retail sales climbed 1.1% in April, higher than a median forecast for a 0.2% increase, Statistics…
By Jody Godoy (Reuters) – Months before cryptocurrency exchange Coinbase became the biggest target of the U.S. crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases. Before the U.S. Securities and Exchange Commission sued Coinbase on June 6, the company had…
By Vidya Ranganathan and Stefania Spezzati SINGAPORE/LONDON (Reuters) – Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some of the highest deposit rates in the industry, according to a person familiar with the bank’s activities in Asia. On three-month deposits above…
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Germany’s top carmakers were challenged by a Berlin-based rights group on Wednesday over the extent of their due diligence to prevent forced labour in their supply chain, as Volkswagen said it would conduct an audit at its plant in Xinjiang. Volkswagen, BMW and Mercedes-Benz were accused of…
