BERLIN (Reuters) -Top Volkswagen shareholder Porsche SE <PSHG_p.DE> expects to write down 7 billion to 20 billion euros ($20.98 billion) on its investment, it said on Friday, in the latest sign of how VW’s cost crisis has shaken investor faith in the carmaker. It also expects an impairment on its investment in luxury carmaker Porsche…
By Isla Binnie and Ross Kerber NEW YORK / BOSTON (Reuters) – Top U.S. asset managers worried that signing up to an industry climate initiative could make them appear to be working too closely together and draw regulatory scrutiny, according to a report released Friday by a Republican-led U.S. Congressional Committee. The report is the…
(Reuters) -U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders. Telecom companies such as Verizon, AT&T and T-Mobile are among the top…
By Simon Lewis BAGHDAD (Reuters) -U.S. Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday and met with Prime Minister Mohammed Shia al-Sudani to discuss Syria’s political transition, calling for a non-sectarian administration following the fall of Bashar al-Assad. The top U.S. diplomat is touring the Middle East to establish a…
