Category: Investment

Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion) money laundering scandal. Read More

Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. Read More

Credit Suisse is seeing market conditions improve after a tough fourth quarter, Chief Executive Tidjane Thiam said on Tuesday as rival UBS reported disappointing fourth-quarter results. Read More

Taiwan’s Foxconn , assembler of Apple Inc’s iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs. Read More

Italy’s Autogrill has submitted a bid for the railways and motorway catering unit of France’s Elior , a source told Reuters on Tuesday. Read More

Taiwan’s Foxconn , assembler of Apple Inc’s iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid reports of mass lay-offs across its factories in China. Read More

UBS warned of a tough start to 2019 after fourth-quarter earnings fell short of expectations in conditions Chief Executive Sergio Ermotti described as “historically tough”. Read More

Canada should ban China’s Huawei Technologies Co Ltd from supplying equipment to Canadian 5G networks because the security risk is too great, a former spy chief said in an article published on Monday. Read More

Britain’s Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday. Read More

Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. Read More