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Hyundai Motor, Kia to invest $300 million in India’s Ola

FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, Oct. 2, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – South Korean automakers Hyundai Motor Co and Kia Motors Corp will together Read more ›

Russian court extends custody of Baring Vostok’s Calvey until April

MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity Read more ›

UK pay gap between CEOs and staff widens – lobby group

The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Brazil’s police to probe incoming Economy Minister Guedes: report

FILE PHOTO: Economist Paulo Guedes, future economy minister of Brazil’s President-elect Jair Bolsonaro arrives for a meeting in Brasilia, Brazil November 20, 2018. REUTERS/Adriano Machado SAO PAULO (Reuters) – Brazil’s federal police opened an investigation into incoming Economy Minister Paulo Read more ›

Trump says Saudi journalist likely dead; Turkey searches for remains

WASHINGTON/ANKARA (Reuters) – President Donald Trump said on Thursday he presumes missing Saudi journalist Jamal Khashoggi is dead and that the U.S. response to Saudi Arabia will likely be “very severe” but that he still wanted to get to the Read more ›

Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’

PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a Read more ›

Vivendi reaffirms support for TIM CEO, decries ‘rumor campaign’

PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a Read more ›

Tesla shares fall after Musk mocks SEC on Twitter

(Reuters) – Shares of Tesla Inc (TSLA.O) fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter. Read more ›

Global M&A volume drops in third-quarter as trade tensions loom

NEW YORK/LONDON (Reuters) – Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial Read more ›