In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
Considering the environmental and other competing interests, it is imperative for the United States to work with its allies so that it is possible to secure the minerals that are critical for making electric vehicle batteries and process them within… Read More ›
In a statement Rolls-Royce said, Anita Frew will succeed Ian Davis as the company’s chairwoman on October 1 2021, making her the first woman to chair the British aero-engine company. Davis will be retiring from the company as its chairman… Read More ›
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›
Sequoia Capital and Tiger Global Management-backed Chinese grocery app Dingdong Maicai has filed for a U.S. initial public offering. The coronavirus-induced COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Alibaba Group, Dingdong, and… Read More ›
In a significant development, Wall Street’s self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has proposed changes to its short-interest reporting requirements. The added disclosure is aimed at making the information more useful. The proposal seeks to amend changes to… Read More ›
In a significant development, an investment industry leader has urged U.S. regulators to require U.S. listed companies to disclose greenhouse gas emissions data and worker demographic information, in efforts to make such details available to ordinary shareholders. This call from… Read More ›
On Tuesday, in a statement Cathay Pacific Airways Ltd said, the Hong Kong government had permitted the extension of the drawdown period for its $1.01 billion (HK$7.8 billion) loan facility by a year to June 2022. The development will help ease… Read More ›
In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
On Monday, the National Australia Bank disclosed it is under investigation for suspected non-compliance to anti-money laundering and counter-terrorism laws, sparking concerns of higher compliance costs and potential fines. According to Australia’s financial crime regulator, there were “areas of serious concern”… Read More ›
manageria.biz 