Farewell package for WPP’s Sorrell opposed by investor adviser
LONDON (Reuters) – WPP’s decision to allow founder Martin Sorrell to leave without losing his future share awards met with opposition on Tuesday as Hermes EOS advised its shareholder clients to oppose the advertising giant’s remuneration report.
Malaysia’s attorney general says received 1MDB investigation papers from anti-graft agency
KUALA LUMPUR (Reuters) – Malaysia’s attorney general on Tuesday said he has received investigation papers relating to state fund 1Malaysia Development Berhad (1MDB) from the country’s anti-graft agency.
Stocks creep higher, dollar retreats after U.S.- North Korea summit
LONDON (Reuters) – World stocks crept higher on Tuesday while the dollar turned negative after hitting a three-week high at the end of a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula.
Oil edges up, but bulls remain wary ahead of OPEC meeting
LONDON (Reuters) – Oil prices rose for a second day on Tuesday and volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week.
Financial crime task force eyeing binding crypto exchange rules: Japan official
TOKYO (Reuters) – International financial crime-fighting group Financial Action Task Force (FATF) will start discussions later this month on introducing binding rules governing cryptocurrency exchanges, a Japanese government official familiar with the …
Rio Tinto hires CFO from Danish shipper Maersk
(Reuters) – Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian mining company said on Tuesday.
Malaysia says U.S. to monetize and return assets seized from 1MDB probe
KUALA LUMPUR (Reuters) – The U.S. ambassador to Malaysia has told Kuala Lumpur that assets seized by the United States as part of its probe into the 1MDB fund will be monetized and returned to Malaysia, the Southeast Asian nation’s finance minister sai…
Telecom Italia agrees measures with unions equivalent to 4,500 layoffs: source
ROME (Reuters) – An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called ‘solidarity’ measures, a source familiar with the matter said on Tuesday.
BMW says May sales of BMW, Mini vehicles dip due to China tariffs
FRANKFURT (Reuters) – BMW said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German deliveries as cities like Hamburg started banning older diesel vehicles from key streets….
Oil prices rise with global markets as Trump hails positive meeting with Kim
SINGAPORE (Reuters) – Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress”, boosting hopes of a deal to end a nuclear standoff on the K…
