US charges Russian billionaire Oleg Deripaska with violating sanctions

NEW YORK, Sept 29 (Reuters) – US prosecutors on Thursday unveiled criminal charges accusing the Russian billionaire Oleg Deripaska of violating sanctions imposed after Russia invaded Ukraine. Deripaska, the 54-year-old founder of aluminum giant Rusal (RUAL.MM), was among two dozen Russian oligarchs and government officials blacklisted by Washington in 2018 in reaction to Russia’s alleged … Read more

Twitter to interview Elon Musk, known for combative testimony

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc ( TWTR.N ) are expected to interview the Tesla Inc ( TSLA .O) CEO about his abrupt decision in July to ditch his $44 billion … Read more

EXCLUSIVE Trump nominee Claver-Carone voted out at IDB, threatens legal action

Visitors walk past a screen with the logo of Banco Interamericano de Desarrollo (BID) at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register MEXICO CITY/WASHINGTON, Sept 26 (Reuters) – The governors of the Inter-American Development Bank (IDB) on Monday voted to fire … Read more

IDB directors unanimously recommend firing Claver-Carone after ethics probe

Visitors walk past a screen with the logo of Banco Interamericano de Desarrollo (BID) at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – The Inter-American Development Bank’s board of directors voted unanimously on Thursday to recommend firing … Read more

McDonald’s ordered to face Byron Allen’s $10 billion discrimination lawsuit

Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – McDonald’s Corp (MCD.N) has been ordered by a US judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. In a decision on Friday, US District Judge Fernando … Read more

Al Gore sees the world at a ‘tipping point’ for climate action

Register now for FREE unlimited access to Reuters.com Register Surging power prices pushing governments to decarbonise Gore cites greater action in the United States, Australia Says he is optimistic about further action in Brazil, China LONDON, Sept 21 (Reuters) – The world is at a “positive tipping point” in the fight against climate change as … Read more

Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO

Register now for FREE unlimited access to Reuters.com Register Preferred shares to be priced at 76.50-82.50 eur apiece Total proceeds of up to 19.5 billion euros Porsche Listing targeted for Sept. 29 HAMBURG/BERLIN, Sept 18 (Reuters) – Volkswagen ( VOWG_p.DE ) is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury … Read more

Analysis: Porsche poses governance dilemma for investors weighing IPO

A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register Leadership structure a concern for some Others cite small proportion of shares being offered IPO could be biggest in Europe since … Read more

Analysis: European governments defy market volatility with green bond bonanza

Wind turbines of the Mozura wind farm are seen in Ulcinj, Montenegro, June 18, 2020. REUTERS/Stevo Vasiljevic/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – Euro zone governments have raised 15 billion euros ($15 billion) from green bonds over the last two weeks, pushing volumes above a year ago … Read more