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Home2018November

Month: November 2018

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Business News

Explainer: Danske Bank’s 200 billion euro money laundering scandal

November 19, 2018 admin Comments Off on Explainer: Danske Bank’s 200 billion euro money laundering scandal

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.

…read more […]

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Business News

Nissan chairman Ghosn has been arrested: Yomiuri

November 19, 2018 admin Comments Off on Nissan chairman Ghosn has been arrested: Yomiuri

Nissan Motor Co Ltd’s chairman, Carlos Ghosn, has been arrested, the Yomiuri daily said on its website on Monday.

…read more […]

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Business News

Oil rises for a fourth day, buoyed by OPEC supply plans

November 19, 2018 admin Comments Off on Oil rises for a fourth day, buoyed by OPEC supply plans

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.

…read more […]

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Business News

Danske Bank whistleblower tells Danish lawmakers his warnings were not heeded

November 19, 2018 admin Comments Off on Danske Bank whistleblower tells Danish lawmakers his warnings were not heeded

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.

…read more […]

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Business News

Global stocks push higher, dollar sapped by rate hike uncertainty

November 19, 2018 admin Comments Off on Global stocks push higher, dollar sapped by rate hike uncertainty

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.

…read more […]

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Apple cuts production orders for all three new iPhone models: WSJ

November 19, 2018 admin Comments Off on Apple cuts production orders for all three new iPhone models: WSJ

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.

…read more […]

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Nissan’s Ghosn to be arrested in Japan for under-reporting salary: media

November 19, 2018 admin Comments Off on Nissan’s Ghosn to be arrested in Japan for under-reporting salary: media

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.

…read more […]

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Business News

Nissan: Ghosn used company money for personal use

November 19, 2018 admin Comments Off on Nissan: Ghosn used company money for personal use

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.

…read more […]

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Bitcoin sinks to new 13-month low

November 19, 2018 admin Comments Off on Bitcoin sinks to new 13-month low

Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform .

…read more […]

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Nissan’s Ghosn to be arrested in Japan for alleged financial violations: Asahi

November 19, 2018 admin Comments Off on Nissan’s Ghosn to be arrested in Japan for alleged financial violations: Asahi

Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday.

…read more […]

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Nissan’s Ghosn to be arrested by Japan authorities for alleged financial violations: Asahi

November 19, 2018 admin Comments Off on Nissan’s Ghosn to be arrested by Japan authorities for alleged financial violations: Asahi

Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged violation of Japan’s financial instruments and exchange act, the Asahi newspaper reported on Monday on its website.

…read more […]

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Oil climbs 1 percent on prospect of OPEC, Russia supply cut

November 19, 2018 admin Comments Off on Oil climbs 1 percent on prospect of OPEC, Russia supply cut

Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end.

…read more […]

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Asia’s cash-rich firms more resilient in this year’s equity selloff

November 19, 2018 admin Comments Off on Asia’s cash-rich firms more resilient in this year’s equity selloff

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.

…read more […]

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Business News

Oil climbs on prospect of OPEC cuts despite lingering U.S.-China trade concerns

November 19, 2018 admin Comments Off on Oil climbs on prospect of OPEC cuts despite lingering U.S.-China trade concerns

Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end.

…read more […]

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Business News

APEC fails to live up to its name amid U.S., China acrimony

November 19, 2018 admin Comments Off on APEC fails to live up to its name amid U.S., China acrimony

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.

…read more […]

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