SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018, citing rising fuel and labor costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.
TOKYO (Reuters) – Asian shares edged up on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could drag global economic growth lower.
SINGAPORE (Reuters) – U.S. crude oil futures dipped for a third consecutive session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies.
SYDNEY (Reuters) – Global airlines on Monday lowered their forecast for industry profits in 2018 by 12 percent due to the rising cost of fuel and labor as well as an upturn in the interest rate cycle.
Doug Parker of American Airlines says carriers are mostly absorbing the higher fuel costs for now, but that could change if current levels become the “new normal.” …read more […]
Investors who want to cash in on Regions Financial Corporation’s (NYSE:RF) upcoming dividend of $0.09 per share have only 3 days left to buy the shares before its ex-dividend date,Read More… …read more […]
It could be another two years before India picks the winner of the world’s biggest combat aircraft order, according to a senior Boeing Co. executive. Boeing is well placed in the race to supply the Indian Air Force with 110 fighter jets, Gene Cunningham, Boeing vice president of global defense sales, told Bloomberg News on Sunday on the sidelines of a security forum in Singapore. …read more […]
Jun.03 — Matthew Sherwood, head of investment strategy at Perpetual Ltd. in Sydney, talks about Federal Reserve policy, the U.S. economy and his strategy. He speaks with Haidi Lun and Ramy Inocencio on “Bloomberg Daybreak: Australia.” …read more […]
If Donald Trump prevails in his clash with Special Counsel Robert Mueller, one of his legacies may be to redefine the limits of presidential power — a constitutional concept so amorphous that even his own lawyers’ views on the matter appear to evolve. A private letter from Trump’s legal team to Mueller, written in January, asserted what amounts to an unlimited right to halt federal investigations and issue pardons, concluding that a president cannot obstruct justice. “The true extent of presidential power has not been tested because most presidents have avoided going to the outer extent of that …read more […]
Microsoft and GitHub have agreed to an acquisition, according to a Bloomberg report. The deal comes amid recent deal talks reported by Business Insider and could be announced as soon as Monday. It’s unclear what the price of the acquisition is, though GitHub was last valued at $2 billion. …read more […]
New reports out of Redmond this weekend have Microsoft set to purchase the …read more […]
Principal Ty Thompson underscored the honors to the dead students in a tweet. “Remember those not with us, and celebrate all the successes the Class of 2018 has brought to the community and the world!” Thompson tweeted. In a video of his commencement address, Fallon joked that the students soon “won’t be classmates any more. …read more […]
Microsoft Corp. has agreed to acquire GitHub Inc., the code repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. GitHub preferred selling the company to going public and chose Microsoft partially because it was impressed by Chief Executive Officer Satya Nadella, said one of the people, who asked not to be identified discussing private information. GitHub was last valued at $2 billion in 2015. …read more […]
BERLIN (Reuters) – Bayer launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds maker Monsanto .
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