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Volkswagen targets €70-75 billion valuation in planned Porsche IPO

Register now for free, unlimited access to Reuters.com register Price of preferred shares between €76.50 and €82.50 per share Total revenue up to €19.5 billion Porsche listed on September 29th HAMBURG/BERLIN (Reuters) – Volkswagen (VOWG_p.DE) said on Sunday it aims to boost the valuation of luxury sports car maker Porsche to as much as 75 … Read more

Federal Reserve terminal rate forecast hits new all-time highs, rocks stocks and bonds

A trader at work on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, USA, August 8, 2022. REUTERS/Andrew Kelly Register now for free, unlimited access to Reuters.com register NEW YORK (Reuters) – Expectations about how aggressive the Federal Reserve will hike rates in its fight against inflation hit … Read more

EY plans to separate audit and consulting functions to ease regulatory concerns

A man speaks at the Ernst & Young (EY) booth during the China International Trade in Services Fair (CIFTIS) in Beijing, China, September 1, 2022. REUTERS/Florence Lo Register now for free, unlimited access to Reuters.com register Ernst & Young (EY) said Wednesday it plans to split its audit and consulting divisions into two companies to … Read more

Volkswagen expected to put rubber stamp on landmark Porsche IPO plans – source

Attendees view the 2022 Porsche 718 Cayman GT4 RS at the 2021 LA Auto Show in Los Angeles, California, USA on November 17, 2021. REUTERS/Ringo Chiu Register now for free, unlimited access to Reuters.com register HAMBURG/FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is expected to approve plans to list sports car maker Porsche in a … Read more