Qatar's real estate market faces reality check ahead of World Cup
DOHA/DUBAI (Reuters) - Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty. The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 Wo...
Nissan panel to recommend outside director to chair board: Nikkei
TOKYO (Reuters) - A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday. Under Nissan’s current corporate charter, the position of board chair is automatically appointed to head the company board, the Nikkei said citing a source...
Canada’s Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi
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Russian court extends custody of Baring Vostok’s Calvey until April
MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Calvey, a senior partner at Baring Vostok and among Russia’s most prominent investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion roubles ($37.73...
Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi
OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada. Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, i...
Russian court extends custody of Baring Vostok's Calvey until April
MOSCOW (Reuters) - A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Calvey, a senior partner at Baring Vostok and among Russia’s most prominent investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion roubles ($37.73 million)...
Baring Vostok's Calvey tells Russian court he will cooperate with investigation
MOSCOW (Reuters) - Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest. Calvey, a senior partner at Baring Vostok, was detained on Thursday along with some other executives after investigators accused him and others of embezzling 2...
Russian court orders Baring Vostok's Calvey to be kept in custody until April 13
MOSCOW (Reuters) - A Moscow court has ordered Baring Vostok’s founder Michael Calvey to be kept in custody until April 13. The Basmanny court’s judge, Artur Karpov, said on Saturday that Calvey, a U.S. citizen, was accused of a “serious crime” and could try to flee. Reporting by Maxim Rodionov; Writing by Katya Golubkova; Editing by Mark Potter...
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
FRANKFURT (Reuters) - Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission. That marks a reduction from 7.64 percent of voting rights reported in the most recent filing in Germany. HNA, even with the reduced holding, would remain one of the largest shareholders in Germany’s largest lender. Spokesmen for HNA in Germany an...
Mattel warns of weak 2019, shares drop most in 20 years
(Reuters) - Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades. The forecast comes barely a week after the company said strong holiday sales of Barbie drove a surprise fourth-quarter profit, which sent its shares up 23 percent the following morning. On Friday, the El Segun...
