FRANKFURT/TALLINN (Reuters) – Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions at Danske. FILE PHOTO: The logo of Deutsche bank is seen in Hong Kong, China July 8,
Business
FILE PHOTO: A “UAW On Strike” sign is seen during a rally outside the shuttered General Motors Lordstown Assembly plant during the United Auto Workers national strike in Lordstown, Ohio, U.S. September 20, 2019. REUTERS/Rebecca Cook/File Photo DETROIT (Reuters) – The union representing the 48,000 workers who have been striking General Motors Co (GM.N) for
LAGOS (Reuters) – Global ride-hailing firm Uber Technologies Inc [UBER.UL] on Friday launched a pilot test of a boat service in Nigeria’s commercial capital Lagos to attract commuters seeking to avoid the megacity’s notoriously congested roads. The United Nations predicts that Nigeria’s population will more than double to 400 million by 2050, which would make
(Reuters) – 1/STERLING BULLS UNLEASHED? FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2019. REUTERS/Brendan McDermid Sterling bulls could be forgiven if they thought Christmas had arrived early. Deadlocked for months over Brexit, British Prime Minister Boris Johnson and his Irish counterpart Leo
PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. FILE PHOTO: An employee of the automated test equipment designer and solutions provider Aemulus
FILE PHOTO: An Emirates Airline Airbus A380-800 plane takes off from Dubai International Airport in Dubai, United Arab Emirates February 15, 2019. REUTERS/Christopher Pike/File Photo DUBAI/MEXICO CITY (Reuters) – Emirates still has the right to offer flights to Mexico City, the Dubai state-owned carrier said on Sunday, after Mexican airline Aeromexico disputed an agreement between
WASHINGTON (Reuters) – Higher tariffs. Slower growth. The countdown to Brexit. FILE PHOTO: A woorker packages wheel of Parmesan cheese at storehouse shelf 4 Madonne Caseificio dell’Emilia dairy cooperative in Modena, Italy, February 16 2016.REUTERS/Alessandro Bianchi Halloween is still two weeks off but a witching hour for the global economy could be near as new
LOS ANGELES (Reuters) – A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acres of dry brush and chaparral as 100,000 residents were forced to flee. At least one death was attributed to the fire, a man who authorities said
WASHINGTON (Reuters) – The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co (GM.N) by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Striking union auto workers walk the picket line outside the
WASHINGTON (Reuters) – U.S. officials on Friday promised a “Phase 1” deal with China on a host of conflicts from intellectual property to currency was imminent, but China’s official state-owned news organization Xinhua struck a more cautious tone. China’s Vice Premier Liu He gives a letter from China’s President Xi Jinping to U.S. President Donald
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. The emerging deal, covering agriculture, currency and
DETROIT/WASHINGTON (Reuters) – General Motors Co took the unusual step of appealing directly to its unionized employees in a blog post on Friday that laid out its latest offer aimed at ending a month-long strike, drawing an angry response from the union that the automaker was trying to “starve … workers off the picket lines.”
SEATTLE (Reuters) – Stratolaunch Systems Corp, the space company founded by late billionaire and Microsoft Corp (MSFT.O) co-founder Paul Allen, said on Friday it was continuing operations after transitioning ownership, but did not name the new owner. FILE PHOTO: The world’s largest airplane, built by the late Paul Allen’s company Stratolaunch Systems, makes its first
NEW YORK (Reuters) – The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years. FILE PHOTO: Traders work on the floor
SHANGHAI (Reuters) – Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal. FILE PHOTO: An investor looks at an electronic board showing stock information at a
MELBOURNE (Reuters) – An Australian farmer has launched a legal action against Bayer AG’s agricultural chemicals unit Monsanto after being diagnosed with a type of cancer he claims was caused by its weedkiller, the Australian Broadcasting Commission reported on Thursday. FILE PHOTO: A bridge is decorated with the logo of a Bayer AG, a German
FILE PHOTO: A bridge is decorated with the logo of a Bayer AG, a German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay MELBOURNE (Reuters) – An Australian farmer has launched a legal case against Bayer AG’s agricultural chemicals unit Monsanto after being diagnosed with a type of leukaemia, the Australian
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 5, 2019. REUTERS/Hannibal Hanschke/File Photo (Reuters) – The United States will soon issue licenses allowing some U.S. companies to supply non-sensitive goods to Chinese telecoms gear maker Huawei Technologies Co Ltd, the New York Times said on Wednesday,
NEW YORK (Reuters) – Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late in the session after Chinese officials said that Beijing had lowered expectations for negotiations this week. The Dow Jones Industrial Average .DJI rose 182.24 points, or 0.7%, to 26,346.28, the S&P 500 .SPX
DUESSELDORF, Germany (Reuters) – New Thyssenkrupp (TKAG.DE) chief executive Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such a step was necessary for a much-needed turnaround. FILE PHOTO: Martina Merz, supervisory board chairwoman of German steelmaker ThyssenKrupp AG, who is set to
NEW YORK/HONG KONG (Reuters) – Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the
(Reuters) – Levi Strauss & Co (LEVI.N) reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. FILE PHOTO: People pass by a Levi Strauss store in New York City, U.S., March 19, 2019. REUTERS/Brendan
LONDON (Reuters) – Oil prices fell on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian
FILE PHOTO: A customer visits a store of Puma sportswear company at Tbilisi Mall in Tbilisi, Georgia, April 22, 2016. REUTERS/David Mdzinarishvili/File Photo (This September 25 story has been refiled to correct name of club to Manchester City, not Manchester United, in paragraph 5) PARIS (Reuters) – French luxury group Kering (PRTP.PA) moved to reduce
NEW YORK (Reuters) – U.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week. FILE PHOTO: A trader walks past a board showing the final trading numbers on the floor of the New York Stock Exchange shortly
BOSTON (Reuters) – Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public school system and a focused effort to lift job options for working parents. FILE PHOTO: The Federal Reserve Bank of Boston’s President
FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – A pending U.S. lawsuit over claims related to Bayer’s (BAYGn.DE) glyphosate-based herbicide Roundup has been delayed, the company said on Sunday, with a
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder BERLIN (Reuters) – Daimler (DAIGn.DE) said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust
FILE PHOTO: General Motors assembly workers and their supporters gather to picket outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., September 20, 2019. REUTERS/Bryan Woolston/File Photo DETROIT (Reuters) – As the U.S. strike by the United Auto Workers union against General Motors Co
FILE PHOTO: Spain’s acting Prime Minister Pedro Sanchez looks on during a news conference at the Moncloa Palace after a meeting with King Felipe in Madrid, Spain, September 17, 2019. REUTERS/Javier Barbancho MADRID (Reuters) – Spain’s acting prime minister Pedro Sanchez said on Saturday he would seek to defend the country’s agricultural sector in the
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