HSBC to pay $43 million Geneva money laundering settlement
ZURICH/GENEVA (Reuters) – HSBC agreed on Thursday to pay Geneva authorities 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, one of a number of probes facing its Geneva-based wealth manager.
IKEA pledges 1 billion euros to help slow climate change
OSLO (Reuters) – IKEA, the world’s biggest furniture retailer, plans to spend 1 billion euros ($1.13 billion) on renewable energy and steps to help poor nations cope with climate change, the latest example of firms upstaging governments in efforts to s…
Bond market sell-off rumbles on, stocks feel the pinch
LONDON (Reuters) – A persistent sell-off in bond markets left financial market confidence in short supply on Thursday, with stocks lower globally and not even traditional safe havens like gold and the Swiss franc providing much of a refuge
Airbus wins 247 aircraft orders in January-May
PARIS (Reuters) – European planemaker Airbus said it won orders for 247 aircraft in the first five months of the year and delivered 243 planes to customers.
Mazda recalls 75,000 cars in Japan after Takata expands U.S. recall
TOKYO (Reuters) – Mazda Motor Corp on Thursday filed a recall for 75,000 cars in Japan to replace air bag inflators made by Takata Corp after the Japanese supplier was ordered to expand a multi-million-vehicle recall in the United States.
Mutual funds chase head start on hit IPOs with pre-public investing
BOSTON (Reuters) – U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.
OPEC moots $80 as new ‘fair’ oil price – but will it stick?
VIENNA (Reuters) – Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new “fair” price for their crude…
OPEC set to hold line on output, setting aside Iran dilemma
VIENNA (Reuters) – OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year’s shock market therapy has revived demand and knocked back growing competition.
Seeking compromise deal, Greece warns it might skip IMF payment
BRUSSELS/ATHENS (Reuters) – Greece’s international creditors signaled on Wednesday they were ready to compromise to avert a default even as a defiant Athens warned it might skip an IMF loan repayment due this week.
OPEC set to hold line on output, setting aside Iran dilemma
VIENNA (Reuters) – OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year’s shock market therapy has revived demand and knocked back growing competition.
