By Victoria Waldersee BERLIN (Reuters) -Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s[...]
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March 17, 2023
Vietnam plans tighter limits on stakes in banks in blow to foreign investors
By Phuong Nguyen HANOI (Reuters) – Vietnam’s central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regula[...]
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India’s TCS, Infosys have highest exposure to U.S. regional banks – J.P.Morgan
(Reuters) – Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil[...]
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UniCredit disappointed by proxy advisers’ stance on bank’s pay policy
MILAN (Reuters) – UniCredit has told proxy advisers in a letter that their recommendation to shareholders that they should reject the bank’s new remuneration policy was “disappointin[...]
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ECB’s Villeroy: rate hike signals strong confidence in European banks
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the central bank’s priority of fighting inflation and also signals[...]
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Deutsche Bank CEO paid 8.9 million euros in 2022
ZURICH (Reuters) – Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday,[...]
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Flights cancelled in fresh round of strikes at German airports
BERLIN (Reuters) – Strikes at four German airports led to the cancellation of hundreds of flights on Friday in the latest bout of industrial action to disrupt travel plans in recent months. Germ[...]
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UniCredit board member did not quit due to alleged spat over CEO pay – chairman
MILAN (Reuters) – The former head of the remuneration committee and board member of UniCredit, Jayne-Anne Gadhia, did not quit the bank due to alleged disagreements over the pay package of CEO A[...]
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Goldman Sachs cuts ECB rate hike forecast to 25bps in May
(Reuters) – Goldman Sachs lowered its estimate for an interest rate hike by the European Central Bank (ECB) in May to 25 basis points after the central bank raised rates to fight inflation amid[...]
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