Dismal decade for emerging markets casts pall over repeated ‘buy’ notes
One of the hardiest investment fixtures has been the annual ‘buy’ note on emerging markets equities, but their dismal performance over the past decade begs the question why.
Two deals in pocket but no holiday cheer for U.S. trade chief Lighthizer
U.S. Trade Representative Robert Lighthizer was looking forward to some holiday peace and quiet after wrapping up trade deals with the United States’ most important trading partners – China, Mexico, and Canada – last week.
Turkish Airlines prepping case against Boeing over 737 MAX: news agency
Turkish Airlines is preparing to open a court case against Boeing Co due to uncertainty regarding the plane manufacturer’s 737 MAX jetliner, Demiroren news agency said on Thursday evening.
Australia’s Westpac names two members of money laundering review panel
Australia’s second-largest lender Westpac Banking Corp on Friday appointed two people to a panel which will assess the bank’s accountability in a money laundering scandal.
Volkswagen takes one-two punch in Australia with fine, regulatory proceedings
Volkswagen AG took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.
Chipotle accused of violating U.S. labor law on union organizing
The general counsel of a U.S. labor agency has accused Chipotle Mexican Grill Inc of violating U.S. labor law by allegedly firing an employee in New York in retaliation for complaining about workplace problems and trying to organize with a union.
Australia watchdog warns large fines the norm after Volkswagen case
The head of Australia’s competition regulator on Friday said a record fine of A$125 million ($86 million) imposed on Volkswagen AG was just a taste of what companies could expect in the future.
U.S. House passes new North American trade deal, Senate timing unclear
The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Oil hovers near three-month highs on trade deal progress; set for third weekly rise
Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.
Australia fines Volkswagen record $86 million for emissions breach: regulator
Australia’s competition regulator said the federal court has penalized Volkswagen AG a record A$125 million ($86 million) for allegedly making false representations about compliance with the country’s diesel emission standards.
