StanChart readies to close thousands of UAE accounts as U.S. deadline looms
(Reuters) – Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.
Japan firms want government action if yen weakens: Reuters poll
TOKYO (Reuters) – Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy.
Microsoft plans to launch smartwatch within weeks: Forbes
NEW YORK (Reuters) – Microsoft Corp. is preparing to launch a smartwatch within the next few weeks that will passively track a user’s heart rate and work across different mobile platforms, Forbes reported on Sunday.
Business jet sales to keep rising but some purchases delayed
NEW YORK (Reuters) – Business jet buyers are expected to take delivery of as many as 675 new aircraft worth about $20.5 billion this year, a slight rise over deliveries worth $20 billion 2013, according to a forecast by Honeywell International Inc .
Lufthansa cancels flights due to pilots strike; train stoppage strands millions
FRANKFURT/BERLIN (Reuters) – German airline Lufthansa canceled 1,450 flights after a pilots union called for a strike on Monday and Tuesday, adding to travelers’ misery after millions were left stranded by a weekend-long train drivers’ stoppage.
Lufthansa cancels 1,450 flights due to pilots’ strike
FRANKFURT (Reuters) – Lufthansa is cancelling around 1,450 flights, or two-thirds of planned services, due to a planned strike by pilots on Monday and Tuesday, the airline said on Sunday.
Standard Chartered readies to close thousands of UAE accounts as U.S. deadline looms
(Reuters) – Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.
Credibility meets compromise in Europe’s bank stress test
LONDON (Reuters) – When Europe announced its latest health check of top banks early last year it promised a “comprehensive assessment” of how well prepared they were to withstand another financial crisis.
Tesco accounting probe finds ‘inappropriate behavior’ by staff: reports
LONDON (Reuters) – The investigation into a 250 million pound ($402 million) profit overstatement at supermarket operator Tesco Plc has unearthed evidence of “inappropriate behavior” by staff, two national newspapers reported on Sunday.
Blackstone’s Wien expects U.S. markets sell-off to abate
DUBAI (Reuters) – The recent slump in U.S. stock prices, in which the S&P 500 index has posted four straight weekly losses for the first time in more than three years, is unlikely to go on for much longer, one of America’s best-known investment strategists said on Sunday.
