Investor Browder files Swedbank money laundering complaint in Latvia
Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.
Aeva signs sensor deal with Audi’s self-driving unit
Aeva Inc, a startup company founded by former Apple Inc engineers Soroush Salehian and Mina Rezk, has signed a sensor-system deal with an Audi-owned unit that is working on self-driving technology for Volkswagen AG.
Wall Street opens higher after encouraging China data, earnings
U.S. stocks opened higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.
U.S. purchase mortgage activity hits nine-year high: MBA
Applications to U.S. lenders seeking loans to buy a home climbed to their highest level in almost nine years last week even as mortgage rates increased for a second week, the Mortgage Bankers Association said on Wednesday.
U.S. trade deficit hits eight-month low as Chinese imports drop
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit.
BNY Mellon sees 3-5 percent drop in second-quarter net interest revenue, from first quarter
Bank of New York Mellon Corp said it expects net interest revenue to fall between 3 and 5 percent in the second quarter, compared with the first, mostly due to higher interest paid on deposits.
Textron profit beats on higher aircraft sales
Cessna business jet maker Textron Inc reported a higher-than-expected quarterly profit on Wednesday, benefiting from robust aircraft deliveries, sending its share up 1.6 percent in early trading.
Textron sees final certification of Longitude jet in second quarter
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the second quarter of 2019, after it was delayed for several months.
EU unfair practices digital rules put spotlight on Google, Amazon, Facebook
Google and Amazon will have to tell companies how they rank products on their platforms while Facebook and other tech firms will have to be more transparent about their terms and conditions under new EU rules approved on Wednesday.
Huawei CEO offered Berlin no-spy deal to soften 5G concerns: Wirtschaftswoche
China’s Huawei offered Berlin a “no-spy agreement” to address security concerns over the Chinese company’s involvement in building Germany’s next-generation 5G mobile infrastructure, a German magazine said on Wednesday.
