Volkswagen investors renew governance gripes despite special dividend

By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) – Volkswagen shareholders renewed their criticism of CEO Oliver Blume’s dual roles on Friday, even as they rubber stamped a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG. Blume, who became group chief executive in September, has continued as CEO of …

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Retail investors turn to ETFs as recession fears knock down meme stocks

By Medha Singh (Reuters) – Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies. Global financial markets have taken a beating as central banks try to combat runaway inflation with aggressive rate hikes, thereby …

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Mike Ashley’s Frasers buys JD Sports’ premium fashion brands for $58 million

(Reuters) – British retailer Frasers Group said on Friday it has bought shares in premium fashion brands of JD Sports for about 47.5 million pounds ($57.7 million), as the Mike Ashley-owned company continues its drive into a more premium market. Frasers, formerly called Sports Direct, also acquired and transferred shares of more than 10 of …

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Congreso peruano rechaza reforma constitucional que posibilitaría adelantar elecciones

16 dic (Reuters) – El pleno del Congreso peruano rechazó el viernes una reforma constitucional, propuesta por la presidenta Dina Boluarte, que habría posibilitado el adelanto de las elecciones a diciembre de 2023. El legislativo rechazó la iniciativa con 49 votos a favor, 33 en contra y 25 abstenciones. (Reporte de Marco Aquino; Escrito por …

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EV tax credit complexity pressures deadlines on U.S. Treasury rule-writing

By David Lawder and David Shepardson WASHINGTON (Reuters) – The Biden administration is grappling with a long list of complex technical issues to implement new electric vehicle tax credits, putting pressure on officials working to quickly unveil guidance to automakers, battery firms and minerals producers. With some key provisions launching on Jan. 1, government and …

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“Piel de gallina”: ciudad natal de Messi despliega camiseta gigante a espera de final del Mundial

Por Miguel Lo Bianco y Claudia Martini ROSARIO, Argentina, 16 dic (Reuters) – Los argentinos desplegaron el viernes en Rosario, donde nació Lionel Messi, una camiseta gigantesca de su hijo pródigo en uno de los puntos más emblemáticos del país, en otra muestra de la expectativa de que el astro del fútbol guíe a su …

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China agrees to formation of global sovereign debt ’roundtable’ -IMF chief

By Andrea Shalal WASHINGTON (Reuters) -Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund chief Kristalina Georgieva said on Thursday. Georgieva told an event hosted by the IMF that she was feeling “a bit more optimistic” about …

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