Business & Finance News
Britain’s Competition and Markets Authority has demanded Lloyds Banking Group toughen its procedures around payment protection insurance (PPI) after it accused the bank of breaching its current arrangements.
Toyota Motor Corp and SoftBank Group Corp are teaming up to develop self-driving car services, signaling deepening alliances between top automaker and tech firms as the global race to develop autonomous cars intensifies.
Germany-based Zalando is expanding its beauty business to Austria and Poland, and adding men’s grooming products, the online specialist fashion retailer said on Thursday.
Juul Labs, the e-cigarette maker at the heart of a U.S. crackdown on youth vaping, has filed patent infringement complaints in the United States and Europe against what it said were copycat rivals.
The performance of big wealth managers may take hit as a trade war between the United States and China hurts business in major growth market Asia, bankers said.
Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia.
Sweden’s Swedbank said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia.
A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while stocks sagged in response.
Danske Bank is being investigated by the U.S. Department of Justice over a 200 billion euro ($230 billion) money laundering scandal involving its Estonian branch, confirming long-held investor fears.
The dollar scored an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since May 2011, while Asian stocks were sideswiped by rising borrowing costs at home.
Danske Bank said on Thursday that it was being investigated by the U.S. Department of Justice about non-resident accounts at its Estonian branch which are at the center of a 200 billion euro ($230 billion) money laundering scandal.
Danske Bank said on Thursday that it is in talks with U.S. authorities about non-resident accounts at its Estonia branch which are at the center of a money laundering scandal.
Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.
Toyota Motor Corp and SoftBank Group Corp said they will team up to develop car services that rely on self-driving technology, such as hospital shuttles, as they envision a future in which fewer people drive their own vehicles.
Oil prices on Thursday dipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.
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