Explainer: Danske Bank’s 200 billion euro money laundering scandal
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament on Monday.
Nissan chairman Ghosn has been arrested: Yomiuri
Nissan Motor Co Ltd’s chairman, Carlos Ghosn, has been arrested, the Yomiuri daily said on its website on Monday.
Oil rises for a fourth day, buoyed by OPEC supply plans
Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year.
Global stocks push higher, dollar sapped by rate hike uncertainty
World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve’s new-found concerns over the global economy sapped the dollar.
Apple cuts production orders for all three new iPhone models: WSJ
Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.
Nissan: Ghosn used company money for personal use
Japanese automaker Nissan said on Monday that Chairman Carlos Ghosn had used company money for personal use and that it had been investigating possible improper practices of Ghosn and Representative Director Greg Kelly for several months.
Bitcoin sinks to new 13-month low
Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform <BTC=BTSP>.
Nissan’s Ghosn to be arrested in Japan for alleged financial violations: Asahi
Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, the Asahi newspaper reported on Monday.
Oil climbs 1 percent on prospect of OPEC, Russia supply cut
Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end.
Asia’s cash-rich firms more resilient in this year’s equity selloff
Shares of cash-rich firms in Asia have weathered this year’s sell-off in much better shape than key stock indexes, a Reuters analysis showed, reinforcing views that investments in companies with strong finances safeguard returns during market crises.
