Danske Bank cuts outlook as money laundering scandal weighs
Danske Bank lowered its outlook for 2019 after a disappointing first quarter, due in part to the effects of a massive money laundering scandal at its Estonian branch that has sent ripples across the Nordic banking sector.
Stocks wilt after weak China data; euro zone GDP in focus
European equity markets nudged down on Tuesday as weak Chinese business surveys dampened appetite for risk, while investors braced for a spate of data on the region’s economic health.
Boxed in: $1 billion of Iranian crude sits at China’s Dalian port
Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.
Vodafone found security flaws in Huawei equipment in 2011, 2012
Telecoms group Vodafone found security flaws in equipment supplied by China’s Huawei to its Italian business in 2011 and 2012, the two companies said on Tuesday.
Tesla to reduce solar panel prices by up to 38 percent: NYT
Tesla Inc plans to announce on Tuesday that it has started selling solar panels and related equipment for up to 38 percent below the national average price, the New York Times reported on Tuesday.
Asian stocks fall on softer Chinese data, caution before Fed meeting
Shares in Asia fell on Tuesday as readings on China’s manufacturing activity failed to meet expectations, underscoring weakness in the world’s second-largest economy despite Beijing’s attempts to spur growth.
Flydubai says it’s confident Boeing will do right thing about 737 MAX
Flydubai’s Chief Executive Ghaith al-Ghaith said on Tuesday he is very confident that Boeing will take the right decision regarding the grounded 737 MAX.
Boeing says optional 737 MAX alert was ‘not activated as intended’
Boeing Co said an alert for angle-of-attack (AOA) sensors on its 737 MAX jets was “not activated as intended” for some customers, responding to reports it failed to tell Southwest Airlines Co and the U.S regulator that the optional feature was deactiva…
Trump sues Deutsche Bank and Capital One to block House subpoenas
U.S. President Donald Trump, three of his children and seven of his companies filed a federal lawsuit Monday against Deutsche Bank and Capital One Financial Corp to block the banks from complying with federal subpoenas investigating his financial deali…
Samsung Electronics bets on better second-half after first-quarter profit slumps
South Korea’s Samsung Electronics Co Ltd flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its weakest profit in more than two years in the first quarter.
