A former senior managing director
of a firm that advises companies on shareholder votes was
convicted on Tuesday of participating in a scheme to bribe a
proxy adviser's employee with sports and concert tickets to
learn how its investor clients were voting.
Investors should limit their
exposure to UK assets as financial markets remain vulnerable to
political volatility amid deepening uncertainty over the
country's exit from the European Union, UBS Global Wealth
Management said on Tuesday.
The French government is moving to
dismiss Renault's scandal-hit Chairman and Chief
Executive Carlos Ghosn, and has requested a board meeting to
consider candidates to replace him, sources with knowledge of
the matter told Reuters.
The White House is
considering former PepsiCo Inc Chief Executive Indra
Nooyi, Treasury Department official David Malpass and Overseas
Private Investment Corp CEO Ray Washburne among candidates to
head the World Bank, an administration official said on Tuesday.