No Picture
Trading Ideas

Australian regulator investigates Westpac directors, executives after scandal

Australia’s banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank’s money laundering scandal. Westpac will be required to hold an extra A$500 million ($339 million) in capital after the Australian Prudential Regulatory Authority (APRA) announced an investigation into the bank’s alleged money laundering breaches. Westpac shares were down 1.2% in early afternoon trade on Tuesday, while the broader ASX200 was 0.1% higher. …read more […]

No Picture
Trading Ideas

Exxon Well Blast Caused Huge Methane Leak in Ohio, Study Shows

(Bloomberg) — An Exxon Mobil Corp. natural gas well in Ohio released more methane into the atmosphere during a blowout in 2018 than some countries do in a year, according to a team of American and Dutch scientists.Using data from satellites, the researchers found that a well explosion in Belmont county on Feb. 15 of that year discharged the potent greenhouse gas at a rate of about 80 tons an hour and lasted for nearly 20 days. The end result was more methane in the air than the oil and gas industries of France, Norway and the Netherlands emit over …read more […]