New York’s financial watchdog fines StanChart $40 million
The New York Department of Financial Services (DFS) on Tuesday fined Standard Chartered Plc $40 million for attempting to rig transactions in foreign exchange markets between 2007 and 2013, the regulator said in a statement.
Traton says will be a strong contributor toward VW’s cashflow target
Volkswagen executive Andreas Renschler on Tuesday said the Traton trucks division will be a “strong contributor” toward parent company Volkswagen Group’s 10 billion euro ($11.4 billion) cashflow target for 2020.
Lockheed to offload $1.8 billion in pension risks to Prudential
Lockheed Martin Corp, the Pentagon’s top weapons supplier, said on Tuesday it would transfer $1.8 billion in pension obligations to U.S. life insurer Prudential Financial Inc to reduce the risk and costs of pensions.
Harley forecasts sharply lower shipments, boosting Thailand investment
Harley-Davidson Inc on Tuesday reported worse-than-expected quarterly profit and forecast sharply lower shipments, sending its stock tumbling more than 8 percent.
U.S. consumer morale at one-and-a-half year-low; house price gains slow
U.S consumer confidence fell to a 1-1/2 year-low in January as a partial shutdown of the government and financial markets turmoil left households a bit nervous about the economy’s prospects.
Another shutdown spells deeper pain for U.S. economy: Moody’s
Another government shutdown could inflict greater harm on the U.S. economy, especially it were to happen only three weeks after the end of the longest ever such closure, Moody’s Investors Service said on Tuesday.
Investors say banks have halted PDVSA trading after U.S. sanctions
Major banks have stopped trading the bonds of Venezuela’s state- owned oil firm PDVSA for clients after the United States imposed sweeping sanctions on the firm, according to fund managers.
Gold hits seven-month high, stocks mixed amid trade caution, results
Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results starting with Apple later on Tuesday and an impending Federal Reserve decision on interest rates.
U.S. consumer confidence hits one-and-a-half year low in January
U.S consumer confidence fell to a 1-1/2 year low in January as a partial shutdown of the government and financial markets turmoil left households nervous about the economy’s near-term outlook.
Wall Street edges lower on tech retreat, trade concerns
The S&P 500 and Nasdaq fell on Tuesday, as technology stocks pulled back, while concerns about the upcoming U.S.-China trade talks and mixed earnings reports gave little impetus for markets to recover from a slide a day earlier.
