BERLIN (Reuters) - Continental is selling its operations in Russia including its factory in Kaluga because of Russia's invasion of Ukraine, CEO Nikolai Setzer said on a press call on Wednesday.
"The war is the reason for our controlled withdrawal from Russia. This means the sale of our activities, including our factory in Kaluga. We are in advanced stages of the sales process," Setzer said.
(Reporting by Victoria Waldersee; Editing by Paul Carrel)
Investors have rushed to sell assets in a bid to sidestep punishing capital gains changes in less than two weeks which will cut tax breaks in half.
One of the City’s biggest investors is gearing up to unleash a post-Brexit investment “big bang” after redeploying dozens of employees to earmark infrastructure projects it can plough cash into.
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A "post-Fed" world where policy decisions will be less important to market psychology is coming, says DataTrek. Here's what could fill the void.
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New approach is needed to get UK through looming credit crunch after failure of recovery from crash
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It's tough for investors right now. Inflation remains at levels not seen since the 1960s. War continues to rage in Europe, the banking sector has been rocked and businesses remain paralysed by fear over whatever the next economic shock will be.
Aaron Ulrich, Family Wealth Strategies Financial Adviser, joins Yahoo Finance Live to discuss what retirees need to know when filing taxes for this year, despite the market turmoil and present banking crisis.
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