FATF says EU dirty money list risks undermining its work
A European Union blacklist of nations it considers as anti-money laundering and terrorism-financing threats risks undermining the work of the Financial Action Task Force, the body’s head said on Friday.
UBS to stick to dividend, capital returns plan after French verdict
UBS plans to stick to its proposed dividend for 2018 despite a 4.5 billion euro ($5.10 billion) hit from a French tax ruling that the bank has appealed, CEO Sergio Ermotti said on Friday.
Daimler, BMW to invest 1 billion euros in venture to rival Uber
German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms.
JPMorgan trades banker offices for shared desks
NEW YORK – JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities.
Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent
Shares of Kraft Heinz Co slumped 20 percent late on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its iconic Kraft and Oscar Mayer brands as it highlighted the tough environment for …
VietJet to sign major Boeing deal during Trump-Kim summit: sources
Fast-growing Vietnamese budget airline VietJet Aviation JSC is expected to sign a major jet deal with Boeing Co on the sidelines of next week’s Trump-Kim summit, according to sources familiar with the matter.
Euro zone core inflation edges higher in Jan
Euro zone headline consumer inflation slowed slightly in January because of a sharp deceleration of energy price growth, but core inflation watched closely by the European Central Bank in policy decisions edged slightly higher, data showed on Friday.
Global shares nudge higher, Aussie dollar rebounds after slide
Global shares rose on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports.
Canada’s Barrick Gold considers hostile $19 billion bid for Newmont Mining: media
Canada’s Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country’s Globe and Mail newspaper reported.
Societe General plans to cut thousands of jobs at investment bank: Bloomberg
French bank Societe General SA is planning to cut thousands of jobs at its global banking and investor solutions unit, as it looks to offset cost pressure from regulation, Bloomberg reported on Friday, citing people familiar with the matter.
