Business & Finance News
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.
Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.
U.S. stocks opened lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.
Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy.
Wall Street was set to open lower on Monday as shares of Apple and its suppliers were hit by ongoing concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.
Brazil’s incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA , amid a debate over privatization of the company’s assets.
General Electric Co is bringing back former vice chairman John Rice to the conglomerate as chairman of its revamped gas power business, the company said on Monday.
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European lender helped process up to $150 billion in suspicious payments and two U.S. banks were also involved.
Nissan Nissan Motor Co Ltd CEO Hiroto Saikawa said he would propose removing Chairman Carlos Ghosn at a board meeting on Thursday, citing serious and unacceptable incidents of financial misconduct.
U.S. stock index futures dipped on Monday as Apple shares were hit by concerns of slowing demand for iPhones, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.
Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end.
Nissan Motor Co Ltd said it was ousting Chairman Carlos Ghosn for alleged financial misconduct and Japanese media reported he been arrested, a shocking fate for a leader hailed for rescuing the company from close to bankruptcy.
France will work to preserve the stability of Renault and its alliance with Nissan , President Emmanuel Macron said on Monday, after the Japanese carmaker took steps to oust Chairman Carlos Ghosn over alleged financial irregularities.
The whistleblower who revealed suspected money laundering involving Danske Bank said on Monday that two major U.S. and one European banks were among several which had helped process suspicious payments.
World shares struggled higher 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.
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