Banca d’Italia orders client stop at ING in fight against money laundering
The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior.
Investor group calls on Lyft to scrap dual-class share structure plan: FT
A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday.
Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices – sources
India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.
Apple Watch detects irregular heart beat in large U.S. study
The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc , demonstrating a potential future role for we…
Amazon’s second headquarters faces new blocks in Virginia funding vote
Amazon.com Inc’s plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.
BMW, Mercedes-Benz lower prices in China after VAT drop
BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on April 1.
Boeing 737 MAX software patch expected before end-March: sources
Boeing Co plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said.
Wall Street weekahead: U.S. funds focus on media stocks, banks to find value as mid-caps rally
The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages.
Buffett’s Berkshire says vice chairmen Jain, Abel each make $18 million
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the …
Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash
The grounding of Boeing’s 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday.
