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Home2019April

Month: April 2019

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Business News

Shareholder advisers urge investor protest over Credit Suisse pay

April 8, 2019 admin Comments Off on Shareholder advisers urge investor protest over Credit Suisse pay

Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance.

…read more […]

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Business News

SEC steps on Tesla ‘reasonable’ to prevent problems -commissioner

April 8, 2019 admin Comments Off on SEC steps on Tesla ‘reasonable’ to prevent problems -commissioner

The U.S. securities watchdog’s request that a federal judge hold Tesla Inc Chief Executive Elon Musk in contempt over the billionaire entrepreneur’s use of Twitter was “reasonable,” said a U.S. Securities and Exchange Commission official on Monday.

…read more […]

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Business News

Wall Street stalls on Boeing slide, earnings jitters

April 8, 2019 admin Comments Off on Wall Street stalls on Boeing slide, earnings jitters

U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016.

…read more […]

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Business News

Banque Havilland denies currency manipulation following Qatar lawsuit

April 8, 2019 admin Comments Off on Banque Havilland denies currency manipulation following Qatar lawsuit

Luxembourg-Based Banque Havilland on Monday denied that it had engaged in action designed to weaken Qatar’s economy.

…read more […]

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Business News

‘Very serious’ U.S.-Mexico border delays hit autos: industry group

April 8, 2019 admin Comments Off on ‘Very serious’ U.S.-Mexico border delays hit autos: industry group

“Very serious” delays in exporting goods over the U.S.-Mexico border are impacting the auto industry, Eduardo Solis, the president of the Mexican Auto Industry Association (AMIA), said on Monday.

…read more […]

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Business News

EU data supervisor probes EU bodies’ software deals with Microsoft

April 8, 2019 admin Comments Off on EU data supervisor probes EU bodies’ software deals with Microsoft

EU data protection authorities are investigating whether the European Commission and other EU institutions comply with the bloc’s strict data privacy rules in their software deals with Microsoft.

…read more […]

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Business News

Explainer: For Fed’s trillions in bonds, size isn’t all that matters

April 8, 2019 admin Comments Off on Explainer: For Fed’s trillions in bonds, size isn’t all that matters

President Donald Trump last week called on the U.S. Federal Reserve to start building up its war chest of bonds again. He may get his wish – though not for the reason he wants.

…read more […]

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Business News

Stocks mostly flat on profit concerns, oil gains

April 8, 2019 admin Comments Off on Stocks mostly flat on profit concerns, oil gains

NEW YORK – A gauge of global equities was mostly flat on Monday as another drop in Boeing shares and concerns U.S. companies will report a decline in earnings for the first time in three years were offset by rising crude prices that lifted oil shares.

…read more […]

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Business News

Investors flock to Saudi Aramco’s debut international bond

April 8, 2019 admin Comments Off on Investors flock to Saudi Aramco’s debut international bond

Saudi Aramco has received bids for more than three times the $10 billion it was expected to raise in a debut international bond issue, which is being watched as a gauge of potential investor interest in the oil company’s eventual initial public offering.

…read more […]

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Business News

Shareholder advisers urge investor protest over Credit Suisse CEO’s pay

April 8, 2019 admin Comments Off on Shareholder advisers urge investor protest over Credit Suisse CEO’s pay

Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance.

…read more […]

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Business News

Exclusive: Loeb’s Third Point building stake to pressure Sony – sources

April 8, 2019 admin Comments Off on Exclusive: Loeb’s Third Point building stake to pressure Sony – sources

Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.

…read more […]

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Business News

U.S. Fed proposes new regulatory regime for foreign banks

April 8, 2019 admin Comments Off on U.S. Fed proposes new regulatory regime for foreign banks

The U.S. Federal Reserve on Monday proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders, while tightening up rules for more risky foreign firms.

…read more […]

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Business News

Oil hits five-month high as Libyan output threatened

April 8, 2019 admin Comments Off on Oil hits five-month high as Libyan output threatened

Oil prices rose to a five-month high on Monday, driven by expectations for tighter global supply from fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.

…read more […]

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Business News

London judge discharges jury in landmark Barclays Qatar case

April 8, 2019 admin Comments Off on London judge discharges jury in landmark Barclays Qatar case

A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.

…read more […]

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Business News

Fiat Chrysler to pay $110 million to settle U.S. investor suit

April 8, 2019 admin Comments Off on Fiat Chrysler to pay $110 million to settle U.S. investor suit

Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.

…read more […]

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