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UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month......»»

Category: topSource: reutersMar 15th, 2019

Renault to bring case against Ghosn over expenses

French carmaker Renault is to bring a case against former chief executive Carlos Ghosn after identifying 11 million euros of questionable expenses, the government said Wednesday, in a new blow for the fallen tycoon as he awaits trial in Japan......»»

Category: topSource: moneycentralJun 5th, 2019

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities......»»

Category: topSource: reutersJun 26th, 2019

Shell fined for explosions, gas leak at Dutch chemical plant

A Dutch court has fined oil giant Shell 2.5 million euros ($2.8 million) for breaching Dutch labor and environmental laws in a case linked to two explosions and a gas leak at a chemical plant south of Rotterdam......»»

Category: topSource: foxnewsJun 17th, 2019

German prosecutors bring charges in tax loophole case

German prosecutors have charged two British citizens with participating in tax evasion allegedly involving 440 million euros ($495 million)......»»

Category: topSource: foxnewsJun 17th, 2019

Renault"s board triggers process to recover Ghosn"s suspect expenses

Renault's board triggered on Tuesday a process to recover 11 million euros ($12.4 million) in Carlos Ghosn's suspect expenses when he chaired the alliance between the French carmaker and its Japanese counterpart Nissan......»»

Category: topSource: reutersJun 4th, 2019

Ubisoft"s fourth quarter misses company"s expectations

French video game producer Ubisoft on Wednesday reported fourth-quarter net bookings of 676.7 million euros, below company's expectations of approximately 698.0 million euros......»»

Category: topSource: reutersMay 15th, 2019

IKEA to invest 400 million euros in French city center stores over three years

IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city center stores in the country, IKEA France's chief executive Walter Kadnar said on Monday......»»

Category: topSource: reutersMay 6th, 2019

Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday......»»

Category: topSource: reutersApr 25th, 2019

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday......»»

Category: topSource: reutersApr 25th, 2019

French retailer Casino sells assets to Apollo Global

French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03 million)......»»

Category: topSource: reutersApr 22nd, 2019

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame"s reconstruction

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame's reconstruction......»»

Category: topSource: foxnewsApr 16th, 2019

Airbus CEO"s exit package excessive: French minister

A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company's image, France's finance minister said in remarks published on Tuesday......»»

Category: topSource: reutersApr 2nd, 2019

Oil major Total CEO"s compensation drops 17 percent in 2018: company document

The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday......»»

Category: topSource: reutersMar 20th, 2019

UBS sets aside EUR450M for French tax case, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 15th, 2019

Uber pays $2.6 million to settle Dutch case: prosecutors

Uber has paid around 2.3 million euros ($2.6 million) in a settlement after it was found to have offered an unlicensed taxi service in the Netherlands in 2014-2015, Dutch prosecutors said on Friday......»»

Category: topSource: reutersMar 8th, 2019

French tax on internet giants could yield 500 million euros per year: Le Maire

A three percent tax on the French revenue of large internet companies could yield 500 million euros (568.5 million pounds) per year, French Finance Minister Bruno Le Maire said on Sunday......»»

Category: topSource: reutersMar 3rd, 2019

Dutch bank pays huge fine in money laundering case

Prosecutors say that Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands......»»

Category: topSource: foxnewsSep 4th, 2018

Reports: Iran drops bid to transfer millions out of Germany

German media outlets are reporting that Iran has rescinded its request to transfer 300 million euros ($347 million) in cash from a Hamburg-based bank in a case that been closely followed by the U.S. Th.....»»

Category: topSource: foxnewsSep 4th, 2018

French anti-trust body fines home appliances firms 189 million euros

France's competition authority issued a total fine of 189 million euros ($214 million) on six home appliance manufacturing companies for price-rigging......»»

Category: topSource: reutersDec 6th, 2018

French court fines oil group Total in Iran bribery case

A Paris court on Friday fined French oil group Total 500,000 euros for bribing foreign public officials in a case related to contracts in Iran in 1997......»»

Category: topSource: reutersDec 21st, 2018