In 14 months as Shire Plc’s chief executive officer, Flemming Ornskov has cut costs, improved profit and made a series of acquisitions, establishing the company as a potential leader in rare disease treatments.
AbbVie Inc. is considering raising its takeover bid for Shire Plc a fourth time after the European drugmaker rejected its latest offer for about $46.5 billion, said two people with knowledge of the matter.
Citigroup Inc. has the most revenue at risk from trading currencies as regulators investigate allegations of rigging in the $5.3-trillion-a-day foreign- exchange markets, according to Sanford C. Bernstein & Co.
Even as the decision to stop gas supplies to Ukraine aggravates tensions with the U.S. and Europe, Russia faces a dilemma: it still needs Exxon Mobil Corp., Halliburton Co. and BP Plc to maintain output from Soviet-era oil fields and develop Arctic and shale reserves.
Citigroup Inc. relies on currency trading for a higher percentage of its revenue than peers as regulators investigate allegations of rigging in the $5.3- trillion-a-day foreign-exchange markets, according to Sanford C. Bernstein & Co.
Deutsche Bank AG was dethroned after a nine-year reign as the world’s biggest currency trader by Citigroup Inc., a Euromoney Institutional Investor Plc survey showed, as subdued volatility depressed trading in the euro.