ISS backs all four ValueAct director candidates in Seven & I boardroom fight
By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Tuesday backed ValueAct Capital’s boardroom challenge…
Business
Italy industry output falls unexpectedly in March
ROME, May 10 (Reuters) – Italian industrial output was weaker than expected in March, falling 0.6% from February to register…
Train maker Alstom sees higher annual margin but delays mid-term targets
By Lina Golovnya and Diana Mandia (Reuters) -French train maker Alstom on Wednesday forecast a rise in its annual operating…
Zealand, Boehringer’s drug meets main weight-loss goal in mid-stage trial
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to…
UBS’s future AT1 bond sales could come at a big cost
By Chiara Elisei LONDON Reuters) – UBS could have to lure investors with significantly higher yields when it next sells…
Chinese company earnings reveal lopsided economic recovery
By Summer Zhen HONG KONG (Reuters) – People in China splashed out on dining, travel and luxury goods after emerging…
Greece’s Stournaras sees ECB rate hikes ending this year
ATHENS (Reuters) – The ECB’s monetary tightening cycle will end this year if there are no dramatic changes, Greek central…
Analysis-UK finance bosses press to revive London’s allure
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Britain’s top finance executives, fearful London is losing out…
Exclusive-CICC Capital bans consulting firm Capvision after China crackdown-sources
By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of leading Chinese investment bank CICC, has stopped using…
Singapore bank OCBC posts record quarterly profit, flags rates peaking
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) joined bigger rival DBS Group in flagging a…