Wall Street hit by Apple slide, trade woes
U.S. stocks fell on Monday, as a slide in Apple’s shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness….
Danske whistleblower says big European bank handled $150 billion in payments
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny.
Brazil’s Bolsonaro taps privatization advocate to lead Petrobras
Brazil’s incoming far-right government on Monday turned to a University of Chicago-trained economist who has spoken in favor of privatizing Petroleo Brasileiro SA to be the head of the state-controlled oil company.
Timeline: How Danske Bank’s Estonian money laundering scandal unfolded
Danske Bank is embroiled in a money laundering scandal that has triggered criminal investigations, forced out its CEO and chairman and rattled investors in Denmark’s largest bank.
GE shakes up power unit leadership, taps retired executive to help
General Electric Co shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help.
Nissan to oust Ghosn after arrest for alleged financial misconduct
Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.
France says Ghosn case not problem for Renault stability
The arrest of Renault CEO Carlos Ghosn and his imminent removal from the board of Nissan Motor Co. does not pose a threat to the stability or survival of the French carmaker, France’s finance minister said on Monday.
France committed to Renault stability after Ghosn arrest
France will ensure the long-term viability of Renault , Finance Minister Bruno Le Maire said on Monday after Carlos Ghosn, chairman of the French carmaker’s Japanese partner Nissan Motor Co was arrested on Monday.
U.S. home builder sentiment posts biggest drop in 4-1/2 years
U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.
Wall Street pulled lower by Apple, trade worries
Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.
