Factbox: Westpac’s money-laundering scandal in quotes
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on.
CEO of Australia’s Westpac exits over money laundering scandal
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on.
Oil prices steady as U.S.-China trade deal talks seek breakthrough
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war.
Alibaba in solid Hong Kong debut, trades at small premium to New York
Alibaba Group’s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year.
Musk to testify in own defense in defamation trial, his lawyer says
Tesla Inc’s chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk’s lawyer said on Monday in U.S. District Court in Los Angeles.
Asian stocks cheered by fresh trade talk momentum
Asian stocks rose on Tuesday, bolstered by Wall Street’s record closing highs and signs of new momentum in Beijing’s and Washington’s efforts to end their long and acrimonious trade dispute.
Alibaba shares trading 7.7% higher in Hong Kong debut
Alibaba Group’s Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city’s biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba’s Hong Kong debut had been a long time coming.
Oil prices steady amid hopes for U.S.-China trade deal
Oil prices were steady on Tuesday, holding onto gains from the previous session, after positive comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree an end their trade war.
Fed’s Powell: Monetary policy well positioned to support strong labor market
Monetary policy is “well positioned” to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday.
Pelosi says U.S.-Mexico-Canada trade deal is ‘within range’
U.S. House of Representatives Speaker Nancy Pelosi said on Monday that a version of the U.S.-Mexico-Canada trade agreement that House Democrats could back was “within range” but that they needed to conduct a final review.
