Deutsche Bank’s compliance in for bumpy journey: executive
FRANKFURT (Reuters) – Deutsche Bank still needs time to improve compliance and clamp down on the malpractice that has cost it billions of euros in fines, the executive in charge of the effort said.
Oil prices slip after two days of strong increases
LONDON (Reuters) – Oil prices fell on Friday in a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply.
South Korea says cash at Hanjin, parent group support should cover offloading fees
SEOUL (Reuters) – South Korea’s government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line.
Yahoo says hackers stole data from 500 million accounts in 2014
(Reuters) – Yahoo Inc said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world’s biggest known cyber breach by far.
Sports Direct founder Mike Ashley takes CEO role
LONDON (Reuters) – Britain’s Sports Direct , the retailer trying to mend its battered image, on Friday named its billionaire founder and controlling shareholder Mike Ashley as chief executive after Dave Forsey quit the role.
Uber rival Grab partners with driverless car firm in Singapore
SINGAPORE (Reuters) – Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber [UBER.UL] debuted its self-driving vehicles in the Uni…
French government indicates will reclaim SocGen tax deduction if trader wins case
PARIS (Reuters) – The French government indicated on Friday it would reclaim a 2.2 billion euro ($2.46 billion) tax deduction from Societe Generale if an appeal court rules ex-trader Jerome Kerviel should not have to pay damages for losses he caused.
Asia shares hold near 14-month peak on Fed relief, JGB yields fall
TOKYO (Reuters) – Asian shares held near 14-month highs on Friday as investors restored bets the Federal Reserve is settling into a phase of very gradual interest rate rises, while Japanese bond yields fell after the Bank of Japan’s radical new policy …
Fuji Heavy recalls 935,000 Subaru cars over wiper issue
TOKYO (Reuters) – Japan’s Fuji Heavy Industries is recalling about 935,000 units of its popular Subaru Legacy worldwide to fix an issue with their front windshield wipers, the company said on Friday.
Anti-UAW worker group at VW Tennessee plant loses representation
DETROIT (Reuters) – A worker group created as an alternative to the United Auto Workers union at Volkswagen AG’s plant in Tennessee has failed to meet minimum membership requirements under the German automaker’s labor policy, VW said on Thursday.
