Societe Generale to pay $1.4 billion to settle cases in the U.S.
French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes.
Posted on : 2018-11-20 02:22:48
GE shakes up power unit leadership, taps retired exec to help
General Electric Co shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help.
Posted on : 2018-11-20 02:19:27
EU cracks down on blood pressure medicine made by Mylan
European Union authorities on Monday stepped in to effectively ban sales of blood pressure medicine valsartan made by an India-based unit of Mylan NV after some batches were found to contain a probable cancer-causing impurity, the latest in a global crackdown.
Posted on : 2018-11-20 02:03:40
Wall Street hit by Apple and Internet shares, trade worries
The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution.
Posted on : 2018-11-20 01:56:29
Saudi king to open $22.7-billion mining project on Thursday, Al Arabiya TV
Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih.
Posted on : 2018-11-20 01:32:24
Saudi king to open mine project, crown prince to attend G20
Saudi Arabia's King Salman will inaugurate the Waad Al-Shamaal mining project on Thursday, Alarabiya TV said on Twitter, quoting energy minister Khalid al-Falih.
Posted on : 2018-11-20 00:57:03
Airbnb to remove listings in Israel's West Bank settlements
Home-renting company Airbnb Inc <AirBnB Inc> said on Monday it would remove listings in Israeli settlements in the occupied West Bank, a move Israel called a "wretched capitulation" to boycotters and Palestinians hailed as a step towards peace.
Posted on : 2018-11-20 00:34:09
RBI board agrees to support small firms, ease capital norms
The board of the Reserve Bank of India advised it to act to support small businesses and give banks more time to step up capital norms, following weeks of pressure from Prime Minister Narendra Modi's government to spur lending ahead of elections.
Posted on : 2018-11-20 00:28:01
Societe Generale to pay $1.34 billion fine for sanctions violations: Federal Reserve
French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.34 billion to resolve investigations into its handling of dollar transactions in violation of U.S. sanctions, the Federal Reserve said.
Posted on : 2018-11-20 00:23:09
Brent crude slips as investors fear another glut
Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
Posted on : 2018-11-20 00:18:32
Global stocks weighed by Apple demand woes, trade tensions
World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
Posted on : 2018-11-20 00:09:42
Wall Street hammered by Apple, trade concerns
The Dow Jones Industrial Average shed more than 400 points on Monday, as a slump in Apple shares battered the tech sector, with conflicting signals over the state of play between the United States and China on their trade dispute kept investors on edge.
Posted on : 2018-11-20 00:03:08
Qatar escalates WTO dispute over alleged Saudi IP violation
Qatar has escalated a dispute against Saudi Arabia at the World Trade Organisation, a WTO filing showed on Monday, with a request for adjudication of its complaint that Saudi Arabia had violated its intellectual property rights.
Posted on : 2018-11-19 23:57:56
Italy says not changing budget plans as euro partners fret
Italy will stick with its 2019 budget plan despite criticism from the European Commission but talks are continuing, Economy Minister Giovanni Tria said on Monday after attending a meeting of euro zone finance ministers.
Posted on : 2018-11-19 23:56:04
Gold firms as dollar dips on U.S. interest rate uncertainty
Gold firmed on Monday as the dollar fell, but the metal stayed in a tight $6 range as investors held off on big moves ahead of the U.S. Thanksgiving holiday on Thursday.
Posted on : 2018-11-19 23:54:43
Mideast ride-hailing firm Careem working with Jefferies - sources
Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies, three sources familiar with the matter told Reuters.
Posted on : 2018-11-19 23:28:32
China will propose WTO reforms, but don't try to trap us - Beijing's WTO envoy
China plans to propose reforms of the World Trade Organization, China's ambassador to the WTO Zhang Xiangchen said, while warning fellow WTO members against seeing reform as a chance to put China in a straitjacket.
Posted on : 2018-11-19 23:18:53
Musk hints at Tesla interest in Daimler van
Tesla Inc could be interested in partnering with Daimler AG's Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet on Monday.
Posted on : 2018-11-19 23:02:12
Russian arms exporter is lowest bidder for India's $3 billion air defence tender
Russia's state-owned arms exporter, Rosoboronexport, has emerged as the lowest bidder for India's $3 billion tender to source short-range air defence missile systems, the Indian army said on Monday.
Posted on : 2018-11-19 22:36:01
Airbnb says removing listings in West Bank settlements
Home-renting company Airbnb Inc said on Monday that it would remove listings in Jewish settlements in the occupied West Bank, enclaves that most world powers consider illegal for taking up land where Palestinians seek statehood.
Posted on : 2018-11-19 22:33:58
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