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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

Prosecutor drops insider trading case against former Deutsche Boerse CEO

The Frankfurt prosecutor's office has dropped an insider trading case against former Deutsche Boerse Chief Executive Carsten Kengeter in exchange for payments of almost 5 million euros ($5.68 million)......»»

Category: topSource: reutersJan 2nd, 2019

Renault-Nissan"s Ghosn received 7 million euros from Dutch JV: Les Echos

Ousted Renault-Nissan alliance chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi , French financial daily Les Echos reported on its website on Sunday......»»

Category: topSource: reutersJan 13th, 2019

Ghosn received 7 million euros from Dutch JV: Les Echos

Ousted Renault-Nissan alliance chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi, French financial daily Les Echos reported on its website on Sunday......»»

Category: topSource: moneycentralJan 13th, 2019

Supermarket retailer Casino to sell six stores to rival Leclerc

French supermarket retailer Casino , in the process of divesting assets to cut debts, has agreed to sell six of its 'Geant' hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million)......»»

Category: topSource: reutersJan 19th, 2019

Supermarket retailer Casino to sell 26 stores to Fortress

French supermarket retailer Casino , which is selling assets to reduce its debt, has agreed to sell 26 stores worth 501 million euros ($567 million)......»»

Category: topSource: reutersJan 21st, 2019

France"s Casino sells stores to Fortress, hits asset sales target

Casino has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt......»»

Category: topSource: reutersJan 21st, 2019

Mastercard: EU fine of 570 million euros to be taken as charge in the fourth quarter of 2018

Mastercard said on Tuesday that an EU antitrust fine of 570.6 million euros ($648.3 million) would be taken as a charge in the fourth quarter of 2018, calling the closure of the case an important milestone for the company......»»

Category: topSource: reutersJan 22nd, 2019

Apple agrees to pay back-taxes to French authorities

U.S. technology giant Apple said it had reached a deal with France to pay an undeclared amount of back-dated tax, with French media putting the sum at around 500 million euros ($571 million)......»»

Category: topSource: reutersFeb 5th, 2019

General Electric to pay $57 million for missing French job target: ministry

General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over French group Alstom's energy business, the French Finance Ministry said on Tuesday......»»

Category: topSource: reutersFeb 5th, 2019

France details yellow vest protests" impact on economy

The French government says it has provided 38 million euros ($43 million) in financial aid for workers who have been put on reduced work hours as businesses struggle with anti-government protests......»»

Category: topSource: foxnewsFeb 13th, 2019

President Macron to unveil plan to give Europe"s electric battery industry a jolt

France will invest 700 million euros ($790 million) over the next five years into projects to boost the European electric car battery industry and reduce its carmakers' reliance on dominant Asian rivals, said French presidency officials......»»

Category: topSource: reutersFeb 13th, 2019

Renault"s revenue, net profit down in 2018

French carmaker Renault says its revenue is down 2.3 percent to 57.4 million euros ($64.9 million) last year......»»

Category: topSource: foxnewsFeb 14th, 2019

Renault"s revenue, net profit down in 2018

French carmaker Renault says its revenue is down 2.3 percent to 57.4 million euros ($64.9 million) last year......»»

Category: topSource: moneycentralFeb 14th, 2019

French court fines UBS 4.5 billion euros in tax fraud case

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties......»»

Category: topSource: reutersFeb 20th, 2019

UBS ordered by court to pay French state 800 million euros in damages

A French court on Wednesday ordered UBS to pay the French state 800 million euros ($907 million) in damages, after finding UBS guilty of laundering the proceeds of tax fraud......»»

Category: topSource: reutersFeb 20th, 2019

UBS ordered to pay record $5.1 billion in French tax case

UBS Group AG was ordered to pay more than 4.5 billion euros ($5.1 billion) by a Paris court that found the bank guilty of helping wealthy French clients stash funds in undeclared Swiss accounts. Shares of UBS fell as much as 3.1 percent......»»

Category: topSource: moneycentralFeb 20th, 2019

UBS to appeal after fined 4.5 billion euros in French tax fraud case

A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties......»»

Category: topSource: reutersFeb 20th, 2019

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

U.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents......»»

Category: topSource: reuters17 hr. 54 min. ago

Former Hawaii developer sells Waikiki commercial condos, closes Ch. 11 bankruptcy

The sale of the five commercial units at 1910 Ala Moana Blvd. closed for a total of $3.5 million on June 28, the same day the Chapter 11 case of entity 1910 Partners LLC was also closed......»»

Category: topSource: bizjournalsAug 19th, 2019

Rental firm walks away from Tesla order after quality dispute

Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday......»»

Category: topSource: reutersAug 16th, 2019