Exclusive: ECB flags failings in dirty-money screening at Malta’s top bank
Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities.
Target sets upbeat holiday sales tone with raised forecast, shares surge
Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 14%.
Factbox: Global refiners raise cleaner shipping fuel output ahead of IMO 2020
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.
Oil rises 2% after U.S. inventory data, Russian assurances
Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
Global shares slide on U.S.-China spat over Hong Kong, dollar gains
Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighe…
Peugeot’s small car platforms should be favored in Fiat merger: executive
Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and Fiat Chrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm
The Trump administration on Wednesday gave Huawei its second reprieve this week, allowing some suppliers to restart sales to the Chinese telecoms giant after it was placed on a trade black list over national security concerns six months ago.
Wall Street dips as mounting U.S.-China tensions cast doubt on trade deal
Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe’s.
Strike pushes South African Airways to brink of collapse
South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.
Prosus, Takeaway trade barbs in battle for Britain’s Just Eat
The two companies vying to purchase British food delivery service Just Eat traded barbs on Wednesday, as technology company Prosus and Takeaway.com each sought to win over a critical mass of shareholders.
