Business & Finance News
Standard Chartered Plc said on Wednesday Britain’s financial watchdog has imposed a fine of 102.2 million pound ($133.3 million) in relation to its investigation into the bank’s historical financial crime controls.
Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest in a massive consumer electronics category that had its worst sales ever last year.
Standard Chartered Plc said on Wednesday Britain’s financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank’s historical financial crime controls.
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds’ face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve’s last meeting reaffirmed for investors that the U.S. central bank would be “patient” with respect to further interest rate hikes.
Lyft Inc plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
Alphabet Inc’s Google said on Wednesday it had made an “error” in not disclosing that its Nest Secure home security system had a built-in microphone in its devices.
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted “patient” stance on U.S. rates policy will last.
U.S. stocks ended higher on Wednesday as the release of the Federal Reserve’s minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes posed little risk.
Samsung Electronics Co Ltd on Wednesday said it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.
World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April that works with the next-generation 5G networks and will cost almost $2,000.
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