JOHANNESBURG — South African investigators are investigating 10.5 billion rand ($636.2 million) of the government’s coronavirus spending for corruption, more than double the amount they were investigating two months ago, they told parliament on Tuesday. Read More
ExxonMobil Co. on Monday wanted to make one thing perfectly clear — it did not bribe the president.
SAO PAULO — The parent company of Dutch fast fashion retailer C&A on Monday denied a report that it was seeking to sell its controlling stake in the brand’s Brazilian unit, according to a securities filing. Read More
By Stephanie Lapierre, CEO Tealbook Reducing the risk of fraud is a top priority for all financial institutions since fraud is responsible for massive profit loss, as well as the degradation of an institution’s integrity and brand. In trying to
SAO PAULO — Brenninkmeijer family is considering selling its stake in the Brazilian unit of Dutch fast fashion retailer C&A, newspaper Valor Economico reported on Monday. Read More
FTSE 100 executive pensions cut under shareholder pressure Submitted 19/10/2020 – 9:42am Significant progress has been made on bringing executive pension contributions in line with those received by the majority of the workforce, following calls from shareholders for this alignment
As the furlough scheme comes to an end, many employers will be at risk of falling foul of its stringent and complex rules and potentially facing penalties for ‘furlough fraud’, but with the 20 October amnesty introduced by HMRC, companies
LONDON — British security company G4S on Sunday recommended its investors reject the hostile takeover offer sent to shareholders by Canadian rival GardaWorld the previous day. Read More
CALGARY – Calfrac Well Services Ltd. shareholders on Friday spurned a takeover offer from Texas-based Wilks Brothers LLC at a contentious meeting where the sparring sides put forward two different plans for the heavily indebted fracking company. Read More
In this episode, the popular blogger discusses what’s next in his battle against SEC Reg BI and why he’s worried about the TD Ameritrade integration.
TAIPEI — Foxconn aims to provide components or services for 10% of the world’s electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said on Friday.
French billionaire Xavier Niel has teamed up with Unibail-Rodamco-Westfield’s former boss to oppose the shopping mall group’s planned 3.5 billion euro ($4.10 billion) rights issue, lifting the shares on Thursday. Read More
OTTAWA — Canada said on Thursday that it had imposed sanctions on an additional 31 officials in Belarus because of human rights violations by President Alexander Lukashenko and his government, according to a foreign ministry statement. Read More
Warning for retailers to be vigilant after a huge rise in false consumer claims More than a third (36%) of consumers in the United Kingdom admitted to filing false claims in order to get ecommerce orders for free, according to
Watered-down shareholder participation at AGMs, due to virtual meetings during the pandemic, is sounding alarm bells at APG, the largest pension fund in Europe, where collaboration with other asset owners and organisations is the beating heart of its ESG strategy
(Bloomberg) — Bank profits are starting to resemble life before Covid, but investors aren’t buying the idea that the industry’s crisis has passed. Read More
MONTREAL — The biggest shareholder in Air Canada and Transat A.T. Inc said on Tuesday that AC’s revised offer for the Canadian tour operator was “a very reasonable one,” given the turmoil in the aviation industry. Read More
(Bloomberg) — Procter & Gamble Co.’s shareholders approved a proposal that the maker of Charmin toilet paper publish a report on its efforts to halt deforestation amid pressure from environmentalists. Read More
Escalating trade tensions between the US and China could affect Chinese corporate bonds, but not all credits are vulnerable.
By Paul Williams, Head of Production and Planning, Speak Media When the coronavirus crisis hit the UK in March, businesses faced the immediate challenge of making sure that their content output was relevant to a strange and unsettling new landscape.