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June 13, 2021

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EXCLUSIVE Toshiba’s No.2 shareholder calls for immediate resignation of board chair, 3 directors

Reuters
The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. REUTERS/Toru Hanai Toshiba Corp’s (6502.T) second-biggest shareholder on Sunday demanded the board chairman and three other directors resign immediately after an investigation found the company had colluded with the......

EXCLUSIVE Exodus of veteran crude oil traders from Exxon continues -sources

Reuters
An Exxon gas station is seen in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photo Exxon Mobil Corp has lost two top crude oil traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group. Exxon last year reversed......

Indian court deals blow to Amazon, Walmart’s Flipkart in antitrust case

Reuters
An Indian court dismissed pleas on Friday by Amazon.com Inc (AMZN.O) and Walmart’s (WMT.N) Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. The Competition Commission of India (CCI) announced its investigation in January 2020 after......

BOJ may extend pandemic-aid schemes to support fragile recovery

Reuters
A man wearing a protective mask stands in front of the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo The Bank of Japan is set to keep its money spigots wide open and may extend its pandemic-relief programmes next......

SoftBank’s PayPay surges ahead in Japan’s digital payments race

Reuters
For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuading the store to give their product a try. With customers clamouring to use the service and nearby stores signing up, PayPay’s......

Vertical Aerospace to go public in $2.2 billion SPAC deal

Reuters
An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines (AAL.O), will go public through a merger with......

‘Beat them up’: Toshiba and Japan colluded against foreign investors, probe finds

Reuters
Toshiba Corp (6502.T) and Japan’s government colluded to lean on foreign investors to back company management in a key vote, according to an investigation which alleged one executive said they would ask the trade ministry to “beat up” a hedge fund. The shareholder-commissioned report released on Thursday also said that......

France’s Citroen charged with consumer fraud over dieselgate probe

Reuters
Carmaker Stellantis (STLA.MI) said on Thursday that its French Citroen unit had been charged with consumer fraud by French prosecutors in a far-reaching diesel emissions probe. Citroen would have to make a deposit of 8 million euros and provide a bank guarantee of 25 million euros for potential compensation for......

French and Swiss central banks to trial wholesale digital currencies

Reuters
The Swiss National Bank and the Bank of France will trial Europe’s first cross-border central bank digital currency payments, the banks said on Thursday, a move that will be a first for two of the world’s top currencies. The experiment will focus on the bank-to-bank ‘wholesale’ lending market rather than......

Thomson Reuters shareholder support for human rights review rises

Reuters
The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at......

U.S. withdrawing Trump executive orders that sought to ban TikTok, WeChat

Reuters
A picture of U.S. President Donald Trump is seen on a smartphone in front of displayed Tik Tok and WeChat logos in this illustration taken September 18, 2020. REUTERS/Dado Ruvic/Illustration President Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok......

Marqeta prices IPO above range, valuing startup at $15 bln

Reuters
U.S. payments startup Marqeta (MQ.O), which counts the likes of Uberand hedge fund Coatue among existing backers, on Tuesday priced its initial public offering (IPO) well above the target range to raise $1.2 billion, the company said in a statement. Marqeta sold 45.45 million shares at $27 per share. It......

In a world first, El Salvador makes bitcoin legal tender

Reuters
Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. REUTERS/Jose Cabezas/File Photo El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele’s proposal to embrace the cryptocurrency.......

Prosecutors charge Winterkorn with giving false testimony to German parliament

Reuters
Former Volkswagen chief executive Martin Winterkorn in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke Berlin prosecutors said on Wednesday they have brought charges against former Volkswagen boss Martin Winterkorn forgiving false testimony to the German parliament when he said he was unaware of the carmaker’s diesel scandal before it broke.......

Battery maker Northvolt raises $2.75 bln to expand factory

Reuters
Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo Swedish lithium-ion battery maker Northvolt has raised $2.75 billion in equity to expand capacity at the factory it is developing in northern Sweden to 60 gigawatt hours (GWh) from 40GWh to meet increasing......

Chinese grocery app Dingdong Maicai files for U.S. IPO

Reuters
Chinese grocery app Dingdong Maicai, backed by investors including Sequoia Capital and Tiger Global Management, filed for a U.S. initial public offering on Tuesday, as it seeks more funds to compete in a crowded sector. The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies......

U.S. charges former Olympic figure skater in COVID-19 small business fraud

Reuters
Federal courthouse is seen in Manhattan, New York. REUTERS/Caitlin Ochs A former Slovenian figure skater who competed in the 1992 Winter Olympics has been criminally charged in Manhattan with fraudulently raising $1.6 million meant to help small U.S. businesses cope with the COVID-19 pandemic. U.S. prosecutors on Tuesday charged Luka......

Spain’s BBVA to cut 2,935 jobs, close 480 branches

Reuters
BBVA (BBVA.MC)has reached an agreement with unions to lay off 2,935 employees in Spain, around 12.6% of its banking workforce in its home market, the bank and Comisiones Obreras (CCOO) union said on Tuesday. “The adjustment plan is necessary to ensure the competitiveness and sustainability of future employment in the......

EU cautions against rushing into bloc-wide pandemic insurance

Reuters
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman/File Photo The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring companies against economic lockdowns in future pandemics. “This is a very complex......

New dinosaur species discovered in Australia, one of world’s biggest

Reuters
Scientists have confirmed the discovery of a new dinosaur species in Australia, one of the largest found in the world, more than a decade after cattle farmers first uncovered bones of the animal. The plant-eating sauropod lived in the Cretaceous period between 92 million and 96 million years ago when......

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