By Svea Herbst-Bayliss NEW YORK (Reuters) -C. H. Robinson Worldwide, the largest U.S. freight broker, is in advanced talks to name former United Parcel Service Inc (UPS) chief operating officer Jim Ba[...]
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March 9, 2023
Michelin says now in talks with local player for purchase of its Russian assets
PARIS (Reuters) – French tyre maker Michelin has shelved plans to sell its Russian business to its local management and is now in discussions with a local player, a company spokesperson said on[...]
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Lehman Brothers’ European unit loses bid to recoup $485 million from bond insurer
By Jonathan Stempel NEW YORK (Reuters) – A New York judge rejected a bid by the former Lehman Brothers’ bankrupt European unit to claw back $485 million from bond insurer Assured Guaranty[...]
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Exclusive-Credit Suisse regulatory compliance head leaving as part of wider overhaul -sources
By Stefania Spezzati LONDON (Reuters) – Credit Suisse’s head of regulatory compliance, Julian Gooding, is leaving Switzerland’s second-biggest bank as part of a sweeping overhaul inv[...]
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Dollar holds near three-month highs as rates reality kicks in
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar held near a three-month high on Thursday, underpinned by Federal Reserve Chair Jerome Powell’s message that interest rate[...]
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Crypto lender Silvergate’s descent into voluntary liquidation
(Reuters) – Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate. Founded[...]
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Mango’s sales hit record as Zara’s rival expands in US, India
By Corina Pons BARCELONA (Reuters) – Spanish fashion retailer Mango’s sales hit a record 2.68 billion euros ($2.8 billion) last year, exceeding pre-pandemic levels by 13% as shoppers kept[...]
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UK says financial reforms will be within same ‘orbit’ as EU, US
By Huw Jones LONDON (Reuters) – Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimise disruption to global companies, its f[...]
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Stellantis to make fully electric cars at Cassino plant in Italy
MILAN (Reuters) – Stellantis said on Thursday it will use its Cassino assembly plant in central Italy for making cars based on its STLA Large platform as part of the company’s electrificat[...]
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