Business

Glass Lewis urges investors to keep pressure on Volkswagen over dieselgate

Shareholder advisory firm Glass Lewis is recommending investors withhold their endorsement of Volkswagen’s (VOWG_p.DE) boards at an annual general meeting in July, citing ongoing concerns about how the carmaker is tackling its diesel emissions scandal. “As in previous years, we continue to express concern at the company’s approach and transparency in addressing the diesel issue […]

Business

JD Sports director ousted in investor rebellion over pay

The chair of JD Sports Fashion’s (JD.L) remuneration committee will leave the board following a shareholder rebellion over management pay at Britain’s biggest sportswear retailer. At the retailer’s annual investor meeting (AGM) on Thursday 54.65% of independent votes cast opposed non-executive director Andrew Leslie’s reappointment to the board, while 45.35% were in favour. Leslie had […]

Business

After $4.4 bln New York IPO, founders of China’s Didi eye global growth

From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc (DIDI.N) public in a $4.4-billion New York float. While the biggest share sale by a Chinese company in the United States in seven years, which values […]

Business

Facebook partners with ‘Assassin’s Creed’ maker in cloud-gaming push

Facebook Inc (FB.O) has teamed up with French videogame maker Ubisoft Entertainment SA (UBIP.PA) to bolster its cloud-gaming platform with popular titles such as “Assassin’s Creed”, the social media giant said on Thursday. Facebook Gaming currently has more than 25 games including “Roller Coaster Tycoon Touch” by Atari, and “Lego Legacy Heroes Unboxed” and “Dragon […]

Business

How do ride-hailing giants Didi and Uber compare?

Chinese ride-hailing giant Didi Global (DIDI.N) is set to make its trading debut on the New York Stock Exchange on Wednesday after an initial public offering that sources said raised $4.4 billion, valuing it at $67.5 billion in the biggest share sale by a Chinese company in the U.S. in seven years. Didi absorbed Uber’s […]

Business

Bets ramping up for lower Treasury yields in the second half of 2021

Some investors are betting that U.S. government bond yields will stay subdued or continue weakening in the second half of the year, a sharp departure from the first quarter, when an unexpected surge in yields prompted many analysts to raise their forecasts. Since peaking at pre-pandemic levels in March, yields on U.S. Treasuries have broadly […]

Business

Oil companies bet on $100 a barrel as they rush to sell assets

Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years. Large oil companies are unloading properties from Texas to California, with some using the market rally as a chance to rake […]