Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe
Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.
Wall Street slips as bank earnings disappoint
Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.
EU says it is ready to launch U.S. trade talks, but without agriculture
The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said on Monday.
Goldman Sachs to layoff 98 bank employees in New York
Goldman Sachs Group Inc plans to lay off nearly 100 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Monday.
Bank results curb Wall Street, oil falls as Russia mulls production boost
Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production.
Wall Street ends lower dragged down by financials
Wall Street ended slightly lower on Monday, dragged down by financials as underwhelming earnings from Goldman Sachs and Citigroup curbed investor enthusiasm.
Trump on China trade spat: ‘We’re going to win either way’
President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened.
U.S. to press allies to keep Huawei out of 5G in Prague meeting: sources
The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the …
Boeing sees me as its ‘piggy bank’, Lion Air co-founder says
The co-founder of Indonesia’s Lion Air, one of two airlines that lost passengers and crew in recent crashes involving the 737 MAX, has lashed out at Boeing’s handling of the accidents as the potential business fallout from the jet’s grounding intensifi…
U.S. airlines face too many travelers, too few planes in 737 MAX summer dilemma
Normally, U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.
