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EV maker Lordstown Motors begins bankruptcy embroiled in disputes

U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor...

California , United-states , Delaware , Lordstown , Ohio , Mary-walrath , James-sowka , Stephen-coates , Dietrich-knauth , Matthew-murphy , Thomas-lauria , Us-securities-exchange

CORRECTED-Ripple buys crypto custody firm Metaco for $250 million

U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.

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Swiss central bank throws financial lifeline to Credit Suisse after shares pummelled

Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled as much as 30% on Wednesday.

Switzerland , Washington , United-states , New-york , Singapore , Germany , London , City-of , United-kingdom , Zurich , Züsz , German

Analysis-Fed pause before European peers to lift Treasuries, European stocks

As markets bet banking turmoil will prompt the Federal Reserve to pause rate hikes before Europe, U.S. bonds and European equities are tipped to win from the recent ructions.

United-kingdom , Switzerland , South-africa , United-states , Norway , Germany , Mexico , Britain , South-african , Swiss , Investec-lee , Dhara-ranasinghe

Brazil's Azul eyeing bid for whole of LATAM Airlines, founder says

Brazilian airline Azul SA is interested in buying the whole of Chile's bankrupt LATAM Airlines Group and is ready to make an offer if creditors fail to agree on a restructuring plan, Azul chief executive John Rodgerson told Chilean newspaper Diario Financiero on Monday.

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EXCLUSIVE-Russian shareholders consult with banks about IPO for Croatia's Fortenova -sources

Two key Russian shareholders of Croatian food producer and retailer Fortenova Grupa, formerly known as Agrokor, have started consulting investment banks about taking the company public in the next 2-3 years, two sources said.

Moscow , Moskva , Russia , Zagreb , Grad , Croatia , Russian , Croatian , Igor-ilic , Katya-golubkova , Tatiana-voronova , Fortenova-grupa

EXCLUSIVE-Russian shareholders consult with banks about IPO for Croatia's Fortenova -sources

Two key Russian shareholders of Croatian food producer and retailer Fortenova Grupa, formerly known as Agrokor, have started consulting investment banks about taking the company public in the next 2-3 years, two sources said.

Moscow , Moskva , Russia , Zagreb , Grad , Croatia , Russian , Croatian , Igor-ilic , Katya-golubkova , Tatiana-voronova , Fortenova-grupa

UK sees highest company voluntary liquidations since 2009

England and Wales have seen a surge in company directors winding up businesses that are unable to pay their debts, taking so-called voluntary liquidations to their highest level since 2009 in the depths of the global financial crisis.

London , City-of , United-kingdom , William-schomberg , David-milliken , Thomson-reuters-trust-principles , Reuters , Richard-tett , Thomson-reuters-trust , Britain , Economy , Bankruptcy

UPDATE 1-Singapore court dismisses oil tycoon family's appeal against Ocean Tanker suit

Singapore's highest court has dismissed an appeal by oil tycoon Lim Oon Kuin and his two children after they were successfully sued for breach of fiduciary duties by the court-appointed managers of a company they once owned.

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Surging wholesale gas prices force German power provider Ziegler to cease operations

German power retailer Ziegler Strom-Vertrieb said on Thursday it would stop delivering to customers in Kappelrodeck in the state of Baden-Wuerttemberg at the end of 2021 due to spiralling wholesale prices.

Germany , Hamburg , United-kingdom , Kappelrodeck , Baden-wüberg , Britain , German , Ziegler-strom-vertrieb , Vera-eckert , Susan-fenton , Energie-deutschland , Thomson-reuters-trust-principles