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- Explainer: Danske Bank's 200 billion euro money laundering scandal
Mon, 19 Nov 2018 05:32:31 -0500
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark's biggest bank to the problem, testified before the Danish parliament on Monday.
- Nissan chairman Ghosn has been arrested: Yomiuri
Mon, 19 Nov 2018 05:28:17 -0500
Nissan Motor Co Ltd's chairman, Carlos Ghosn, has been arrested, the Yomiuri daily said on its website on Monday.
- Oil rises for a fourth day, buoyed by OPEC supply plans
Mon, 19 Nov 2018 05:27:25 -0500
Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year.
- Danske Bank whistleblower tells Danish lawmakers his warnings were not heeded
Mon, 19 Nov 2018 05:17:02 -0500
The whistleblower who helped reveal 200 billion euro ($228 billion) in money laundering involving Danske Bank told the Danish parliament on Monday that the bank's management had not taken his warnings seriously.
- Global stocks push higher, dollar sapped by rate hike uncertainty
Mon, 19 Nov 2018 04:55:12 -0500
World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve's new-found concerns over the global economy sapped the dollar.
- Apple cuts production orders for all three new iPhone models: WSJ
Mon, 19 Nov 2018 04:51:58 -0500
IPhone maker Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.
- Nissan's Ghosn to be arrested in Japan for under-reporting salary: media
Mon, 19 Nov 2018 04:51:10 -0500
Nissan Motor Co Ltd Chairman Carlos Ghosn is being questioned by Tokyo prosecutors and will be arrested on suspicion of under-reporting his salary, Japanese media reported on Monday.
- Nissan: Ghosn used company money for personal use
Mon, 19 Nov 2018 04:50:55 -0500
Japanese automaker Nissan said on Monday that Chairman Carlos Ghosn had used company money for personal use and that it had been investigating possible improper practices of Ghosn and Representative Director Greg Kelly for several months.
- Bitcoin sinks to new 13-month low
Mon, 19 Nov 2018 04:26:11 -0500
Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform <BTC=BTSP>.
- APEC fails to live up to its name amid U.S., China acrimony
Mon, 19 Nov 2018 04:06:11 -0500
The C in APEC stands for Cooperation. But when the two biggest members are fighting a trade war and using the forum to attack each other's policies, it was always going to be hard work delivering on that.
- Asia's cash-rich firms more resilient in this year's equity selloff
Mon, 19 Nov 2018 02:42:22 -0500
Shares of cash-rich firms in Asia have weathered this year's sell-off in much better shape than key stock indexes, a Reuters analysis showed, reinforcing views that investments in companies with strong finances safeguard returns during market crises.
- People are our greatest asset. Wanna buy them?
Sun, 18 Nov 2018 19:17:22 -0500
Eastern Europe's chronic labor shortage is feeding into corporate takeover activity, with some companies making acquisitions to snap up skilled workers or obtain expertise needed to expand their businesses.
- With new CEO, Telecom Italia 'opera' edges towards finale
Sun, 18 Nov 2018 18:17:10 -0500
Barely a year into the job as the boss of Italy's biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate.
- PG&E reports another outage on morning when California fire started
Sun, 18 Nov 2018 17:04:21 -0500
California utility PG&E Corp , facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when the blaze started.
- Brexit front and middle in light week for data
Sun, 18 Nov 2018 14:02:27 -0500
Brexit will be foremost in investors' minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.
- Rio Tinto, Nespresso join forces to make coffee pods greener
Sun, 18 Nov 2018 12:10:00 -0500
Nespresso, part of food giant Nestle, aims to use sustainable aluminum in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday.
- DP World chairman says trade tensions will make 2019 challenging
Sun, 18 Nov 2018 10:19:33 -0500
Global ports operator DP World believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday.
- Nearly half of German firms expect growing trade strains with U.S.: survey
Sun, 18 Nov 2018 10:17:19 -0500
Forty-four percent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain reported, citing a survey by the IW economic institute.
- Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico
Sun, 18 Nov 2018 07:07:53 -0500
More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.
- J.Crew CEO James Brett steps down after short tenure
Sat, 17 Nov 2018 21:47:42 -0500
J.Crew Group Inc, known for its preppy men's and women's clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately.