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August 18, 2022

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Kenya’s Ruto says no time to waste after election as rival prepares court challenge

Reuters
by Reuters01
Ruto declared president-elect on Monday Opposition leader Odinga to contest the decision in court Kenya faces mounting economic, unemployment, debt crises NAIROBI, Aug 17 (Reuters) – Kenya’s president-elect William Ruto said on Wednesday there was no time to waste in tackling an economic crisis, as defeated rival Raila Odinga prepared......
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Philips parts ways with CEO in midst of massive recall

Reuters
by Reuters01
Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Dutch health technology company Philips (PHG.AS) on Tuesday unexpectedly announced the imminent departure......
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Former Deutsche Bank co-CEO Anshu Jain dies – Bloomberg News

Reuters
by Reuters00
Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register Aug 13 (Reuters) – Anshu Jain, the former Deutsche Bank AG (DBKGn.DE) co-chief executive officer has died after suffering from cancer......
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Russia-backed Indian refiner Nayara Energy posts record profit

Reuters
by Reuters01
A model of 3D printed oil barrels is seen in front of displayed stock graph going down in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June qtr profit at 35.64 bln rupees vs 1.4 bln-rupee loss yr ago Profit......
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Carlyle CEO Kewsong Lee steps down

Reuters
by Reuters01
Carlyle Group CEO Kewsong Lee speaks during a Reuters Newsmaker event in New York City, U.S., September 22, 2021. REUTERS/Stephen Yang/ Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – Private equity firm Carlyle Group Inc said on Sunday its chief executive officer (CEO) Kewsong Lee,......
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Russia’s Chubais discharged from Italian hospital after treatment -report

Reuters
by Reuters00
Anatoly Chubais, the Russian president’s envoy for relations with international organizations, attends a session of the St. Petersburg International Economic Forum in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register MILAN, Aug 7 (Reuters) – Anatoly Chubais, the former privatisation tsar......
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Suncor Energy interim CEO sees mandate for change after safety problems

Reuters
by Reuters00
The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The interim chief executive of Canada’s Suncor Energy (SU.TO) said on Friday that he has a mandate......
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SocGen reports smaller-than-expected loss after costly Russia exit

Reuters
by Reuters01
A person holds an umbrella as the logo of French Bank Societe Generale is seen outside a bank building in Saint-Sebastien-sur-Loire near Nantes, France, May 4, 2021. REUTERS/Stephane Mahe/File Photo Register now for FREE unlimited access to Reuters.com Register 3.3 bln euro hit from Russian unit sale Q2 loss at......
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PayPal shares jump on Elliott’s $2 bln stake, annual profit guidance raise

Reuters
by Reuters01
The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – PayPal Holdings (PYPL.O) on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech......
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Russia’s Medvedev dismisses Biden’s arms pact call

Reuters
by Reuters00
U.S. President Joe Biden delivers remarks at the White House in Washington, U.S., July 28, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, Aug 1 (Reuters) – Russia’s former president dismissed a call by U.S. President Joe Biden on Monday to press on with......
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Vice Media explores sale to Antenna Group

Reuters
by Reuters01
July 25 (Reuters) – Vice Media Inc, a news and entertainment company, is in sale talks with one of its longtime partners, the Antenna Group, according to one person familiar with the discussions. The media company, once valued at $5.7 billion, has been exploring its options since last autumn, after......
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Umicore ups profit outlook after strong performance in cathode unit

Reuters
by Reuters00
July 29 (Reuters) – Belgian chemicals and battery materials company Umicore (UMI.BR) raised a key earnings forecast on Friday on the back of a strong performance in its EST unit which makes cathodes for electric vehicles, boosting its shares more than 7% to a one-month high. The group said it......
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Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

Reuters
by Reuters00
July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as its new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources familiar with the situation said on Tuesday. Pressure had been......
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Argentina’s new economy chief to meet IMF head on Monday

Reuters
by Reuters00
Argentina’s new Economy Minister Silvina Batakis speaks during a news conference at the Economy Ministry, in Buenos Aires, Argentina, July 11, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, July 23 (Reuters) – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday......
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Britain’s Abrdn to offload private equity arm – Sky News

Reuters
by Reuters01
July 19 (Reuters) – British asset manager Abrdn Plc (ABDN.L) is preparing to sell its private equity business as part of a streamlining process under Chief Executive Stephen Bird, Sky News reported on Tuesday. Investment bankers at Rothschild have been appointed to oversee the sale process and find a suitable......
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Tesla investors must vote against re-election of 2 board members, recommends ISS

Reuters
by Reuters00
The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, July 18 (Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) recommended on Monday Tesla Inc (TSLA.O) investors vote......
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Indian regulator approves new head of NSE bourse

Reuters
by Reuters01
MUMBAI, July 17 (Reuters) – India’s market regulator on Sunday approved the appointment of Ashish Kumar Chauhan as the next chief executive of the National Stock Exchange of India (NSE), the country’s top bourse said in a statement. The NSE, launched in 1994, says it is the world’s biggest derivatives......
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CMOC’s Congo mine suspends copper and cobalt exports

Reuters
by Reuters01
Workers at Tenke Fungurume, a copper mine in the southern Congolese province of Katanga, check bundles of copper cathode sheets, January 29, 2013. REUTERS/Jonny Hogg/File Photo Register now for FREE unlimited access to Reuters.com Register DAKAR/JOHANNESBURG, July 17 (Reuters) – CMOC’s (603993.SS) Tenke Fungurume copper and cobalt mine has suspended......
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Sri Lanka’s Rajapaksa ousted; ‘We are the real power’ says protester

Reuters
by Reuters01
Parliamentary speaker accepts resignation Parliament to hold presidential vote on July 20 Committed to giving more power to parliament: acting president COLOMBO, July 15 (Reuters) – The speaker of Sri Lanka’s parliament formally accepted President Gotabaya Rajapaksa’s resignation on Friday after he fled to Singapore to escape a popular uprising......
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UBS promotes Khan to steer wealth management

Reuters
by Reuters01
The logo of Swiss bank UBS is seen at its headquarters, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland February 17, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 13 (Reuters) – UBS (UBSG.S), the world’s biggest wealth manager,......
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