Swedbank sacks CEO after money laundering allegations
Swedbank dismissed Chief Executive Birgitte Bonnesen on Thursday just before its annual shareholder meeting, after mounting investor criticism over allegations the bank was involved in money laundering in the Baltics.
UK watchdog fines Goldman Sachs $45 million for reporting failures
Britain’s markets watchdog said on Thursday it has fined Goldman Sachs 34.3 million pounds ($45.07 million) for failing to provide accurate and timely reporting of transactions spanning a decade.
Bond yields on the canvas, Turkey’s lira on the ropes
Global bond yields continued to spiral lower on Thursday as recession fears fed expectations of more policy easing by major central banks, while Turkey’s lira took a 5 percent beating as pressure ratcheted up on its volatile markets.
VW in talks to buy stake in Ford’s Argo unit, to develop pickup truck
Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday.
Sony turnaround architect Hirai to retire as chairman
Sony Corp on Thursday said chairman Kazuo Hirai, who helped engineer the electronics giant’s recent revival, will retire in June, bowing out as the Japanese company is on track for another record profit this year.
EU court clears German green charge exemption to industry
Germany acted legally when it exempted heavy industry from a green energy surcharge in 2012, the European Union’s top court said on Thursday, overturning a decision by the EU antitrust regulator and annulling EU orders to recover the aid.
Exclusive: U.S.-hired firm audits Russia’s Rusal for compliance with sanctions deal
A firm hired by the U.S. Treasury Department is auditing Russian aluminum giant Rusal to check whether it is complying with the terms of a deal under which Washington agreed to lift sanctions on the company, Rusal said.
Britain rebukes Huawei over security failings, discloses more flaws
Britain publicly chastised China’s Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new “significant technical issues,” increasing pressure on the company as it battles Western allegations…
Asiana Airlines CEO Park quits in aftermath of accounting fiasco
Asiana Airlines’ co-CEO resigned on Thursday and its debt-ridden parent Kumho Asiana Group sought financial support from its top creditor after an accounting fiasco at the South Korean carrier threatened the group’s liquidity position.
Zara founder’s real estate arm buys Amazon offices in Seattle
Pontegadea Inmobiliaria, the real estate arm of the founder of fashion group Inditex, Amancio Ortega, this week completed the purchase of two Seattle office blocks leased to Amazon, a Pontegadea spokesman said on Thursday.
