Russia’s Sberbank recommends record dividend payout – CEO
March 17 (Reuters) - The board of Russia’s largest lender, state-owned Sberbank, has recommended paying dividends of 25 roubles ($0.3260) per share and a total payout of a record 565…
India’s HDFC to consider $6.9 bln fund raise by issuing debt
BENGALURU, March 17 (Reuters) - Housing Development Finance Corp , India's largest mortgage lender, said on Friday it would consider a fund raise on March 27 by issuance of non-convertible…
UK drops plan to tax sovereign wealth funds
LONDON, March 17 (Reuters) - British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, according to a government document. The report, detailing…
Vietnam’s VinFast says three sales and customer-service execs have left company
HANOI, March 17 (Reuters) - Three senior sales and customer-service executives have left VinFast this week, the Vietnamese electric-vehicle start-up said in a statement to Reuters. The company said...
Volkswagen to invest in mines in bid to become global battery supplier
BERLIN, March 17 (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,…
Mazda to nominate former North America head as next CEO
TOKYO, March 17 (Reuters) - Mazda Motor Corp will appoint Masahiro Moro, director and senior managing executive officer, as its new president and CEO, the Japanese automaker said on Friday.…
France’s Wendel to build third-party asset management division
By Mathieu Rosemain PARIS (Reuters) - French investment company Wendel said on Thursday it will build an asset management division for outside investors in a move aimed at boosting its...
Mongolia’s Khan Bank issues $60 mln green bond, country’s first
BEIJING, March 17 (Reuters) - Mongolia’s largest commercial bank, Khan Bank, has issued the first green bond in the country’s history, according to a joint statement from the lender and…
Impact Advisors Named to Forbesâ Best Management Consulting Firms List
Impact Advisors, a leading healthcare management consulting firm, announced that Forbes has named the organization to its list of America’s Best Management Consulting Firms for 2023. This is the...
Sanofi to cut US price of its most-prescribed insulin by 78%
March 16 (Reuters) - Sanofi SA said on Thursday it will cut U.S. list prices for its most-prescribed insulin product, Lantus, by 78% starting next year after similar moves by…