Norway oil fund scrutinised on ownership
As world’s largest sovereign wealth investor grows, critics of its ethical stance are rising, with the government calling on it to consider changes European Companies News…
Norway’s oil fund plans to turn active
Biggest wealth fund is seeking to play a bigger role in selecting board directors at its biggest shareholdings such as Sweden’s Volvo Group European Companies News…
Swiss Re profits withstand floods
Reinsurer’s solid income and one-off effects help to offset impact of natural disasters as second-quarter profit rises above expectations to $ 786m European Companies News…
T-Mobile in strong rebound in the US
Customers are ‘returning in droves’ to the German mobile operator, says its chief executive, as it reports strong 2Q results European Companies News…
Swiss bank creditors face bail-in risk
Watchdog prefers ‘Single Point of Entry’ approach in dealing with the collapse of big banks, a move that could pose a fresh funding challenge European Companies News…
Ex-Kagazy pair face IPO scam allegation
Investors in the flotation of Kazakhstan Kagazy may have been defrauded of as much as $ 90m through a scam perpetrated by the former senior management European Companies News…
Bailed-out Dexia suffers fresh loss
First-half performance raises the prospect of fresh injection from French and Belgian governments as they struggle to rein in budget deficits European Companies News…
Asia unit weighs on ING profits
Dutch lender posts bigger than expected fall of 39% in second-quarter profits after its Asian insurance and investment management arm swings into loss European Companies News…
Natixis second-quarter income falls 29%
Revenue rose 2% but the French investment bank booked a €20m charge during the period from the adjusted value of its senior debt European Companies News…
Sino-French Club Med buyout faces legal hurdles
Chinese and French investors’ €550m offer is disrupted after regulator extends takeover period indefinitely while minority shareholders fight the deal in court European Companies News…
