Danske Bank now under SEC microscope over money laundering
The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC).
Global shares retain gains, Aussie whacked by rates and coal woes
Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favorite Chinese proxy, the Aussie dollar, hitting the skids.
Oil hovers near 2019 highs amid OPEC cuts
Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy.
Report of money laundering at Swedbank ‘very serious’, says FI
The Swedish financial authority FI said on Thursday the allegations made in a media report linking Swedbank to a regional money laundering scandal involving Danske Bank were “very serious” and would be included in its ongoing supervisory activities.
Banning Huawei from 5G would cause difficulties: T-Mobile Polska CEO
If Poland excludes Chinese tech giant Huawei from 5G development it would cause difficulties and possibly delay the network rollout, the chief executive of the Polish unit of T-Mobile said on Thursday.
Swedbank falls further on lingering money laundering worries
Swedbank’s shares slid more than 7 percent on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lenders in the Baltic countries to a regional money laundering scandal involving Danske Bank.
Blown away by innovation or price? Samsung’s foldable phone opens new frontier
Samsung Electronics Co Ltd has wowed the smartphone industry with the first foldable screen, burnishing its innovation credentials, banishing “fast follower” criticism and, at nearly $2,000, setting a new standard in premium pricing.
Volkswagen boss says U.S. tariffs could cost up to 2.5 billion euros: Financial Times
The biggest threat to Volkswagen’s 2019 profit is potential tariffs from the United States, Chief Executive Herbert Diess told the Financial Times.
Oil hovers near 2019 highs amid OPEC cuts, but economic slowdown weighs
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.
Sony to beef up chip business with new engineers
Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars to phones.
