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Reuters Business
Feb 20, 2019

Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.

Reuters Business
Feb 20, 2019

Exclusive: U.S., China sketch outlines of deal to end trade war - sources
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.

Reuters Business
Feb 20, 2019

Factbox: U.S., China drafting memorandums for possible trade deal
Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war.

Reuters Business
Feb 20, 2019

Standard Chartered sets aside $900 million to cover U.S., British fines
Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent.

Reuters Business
Feb 20, 2019

Asia shares steady after Fed minutes, Aussie rallies
Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks.

Reuters Business
Feb 20, 2019

Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela
Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran.

Reuters Business
Feb 20, 2019

StanChart fined $133 million by Britain's financial watchdog
Standard Chartered Plc said on Wednesday Britain's financial watchdog has imposed a fine of 102.2 million pound ($133.3 million) in relation to its investigation into the bank's historical financial crime controls.

Reuters Business
Feb 20, 2019

Southwest shares drop as mechanics dispute escalates
Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.

Reuters Business
Feb 20, 2019

Samsung announces folding phone with 5G at nearly $2,000
Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest in a massive consumer electronics category that had its worst sales ever last year.

Reuters Business
Feb 20, 2019

Standard Chartered fined $133 million by Britain's financial watchdog
Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.

Reuters Business
Feb 20, 2019

Exclusive: Lyft plans to launch its IPO roadshow week of March 18 - sources
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.

Reuters Business
Feb 20, 2019

Global stocks rise on U.S.-China trade hopes; oil up again
An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.

Reuters Business
Feb 20, 2019

Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent - sources
Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds' face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.

Reuters Business
Feb 20, 2019

Wall Street ends up slightly as Fed minutes support cautious stance
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.

Reuters Business
Feb 20, 2019

Exclusive: Lyft plans to launch IPO roadshow week of March 18 - sources
Lyft Inc plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.

Reuters Business
Feb 20, 2019

Fed flags end to balance sheet runoff, patience on rates
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted "patient" stance on U.S. rates policy will last.

Reuters Business
Feb 20, 2019

Samsung announces folding phone with 5G at $1,980
Samsung Electronics Co Ltd on Wednesday said it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.

Reuters Business
Feb 20, 2019

Asia push, Wall Street support lift stocks; oil rises
World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.

Reuters Business
Feb 20, 2019

Wall St. mostly edges up in volatile trade after Fed minutes
U.S. stocks were mostly higher in volatile late-afternoon trade on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes last month posed little risk.

Reuters Business
Feb 20, 2019

CVS profit miss, rebate questions send shares tumbling 8 percent
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down 8 percent.

Reuters Business
Feb 20, 2019

Canada to release federal budget on March 19: finance minister
The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19, Finance Minister Bill Morneau said on Wednesday.

Reuters Business
Feb 20, 2019

Fed minutes leave questions on balance sheet, patience
Federal Reserve policymakers on Wednesday gave little sense of how long their "patient" stance on U.S. interest rate policy would last, and while promising "before too long" a plan for their $4 trillion balance sheet, left unclear what that plan would entail.

Reuters Business
Feb 20, 2019

Oil settles 1 percent higher on hopes of market rebalance, trade deal
Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.

Reuters Business
Feb 20, 2019

January FOMC minutes: Little risk in pause
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed's rate hikes to date on U.S. economic momentum.

Reuters Business
Feb 20, 2019

Fed policymakers saw little risk from patient stance: minutes
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed's rate hikes to date on U.S. economic momentum.

Reuters Business
Feb 20, 2019

Samsung announces Galaxy Fold phone with apps from Facebook, Google
Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April, with specially adapted applications from Facebook Inc and Alphabet Inc designed for the new device.

Reuters Business
Feb 20, 2019

Wall Street trades lower after Fed minutes
U.S. stocks turned lower in volatile trade on Wednesday after the release of the Federal Reserve's minutes from its January meeting, when the U.S. central bank said it would be "patient" with respect to further interest rate hikes.

Reuters Business
Feb 20, 2019

UBS CEO says French appeals process to take 'several years'
UBS Group expects its appeal of a French court verdict ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) for aiding tax evasion to last years, Chief Executive Sergio Ermotti told staff in a memo.

Reuters Business
Feb 20, 2019

Volkswagen's Audi to cut 10 percent of management positions: CEO in Handelsblatt
Volkswagen's premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division's executive positions in a cost cutting drive, the unit's chief executive told daily Handelsblatt.

Reuters Business
Feb 20, 2019

Buffett's Suncor bet to revive investor interest in Canadian energy
Berkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.

Reuters Business
Feb 20, 2019

Renault's outlook cut to 'negative' by rating agency Standard & Poor's
Credit rating agency Standard & Poor's cut its outlook on carmaker Renault to "negative" from "stable", citing broader challenges within the automotive sector that could hit its profits.

Reuters Business
Feb 20, 2019

Southwest shares drop as mechanics labor dispute escalates
Southwest Airlines Co's shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.

Reuters Business
Feb 20, 2019

Wall Street treads water ahead of Fed minutes
U.S. stocks were little changed on Wednesday, as investors awaited the Federal Reserve's minutes from its January meeting and details on trade talks between the United States and China.

Reuters Business
Feb 20, 2019

Business jet deliveries rise 3.8 percent in 2018: industry group
Business jet deliveries worldwide rose 3.8 percent on an annual basis to 703 planes in 2018, lifted by demand from North America and the introduction of new models, the General Aviation Manufacturers Association (GAMA) said on Wednesday.

Reuters Business
Feb 20, 2019

Google fails to disclose microphone in Nest Secure
Alphabet Inc's Google said on Wednesday it had made an "error" in not disclosing that its Nest Secure home security system had a built-in microphone in its devices.

Reuters Business
Feb 20, 2019

Volvo Cars raises $215 million in bond issue months after failed IPO
Sweden's Volvo Cars has raised some 2 billion Swedish crowns ($215 million) in a bond issue just five months after the Chinese-owned carmaker terminated plans for a stock market flotation, blaming trade tensions and a downturn in the sector.

Reuters Business
Feb 20, 2019

CVS 2019 profit forecast a wide miss, shares fall 9 percent
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street forecasts due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down as much as 9 percent.

Reuters Business
Feb 20, 2019

Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm glut concerns - sources
Kinder Morgan Inc will expand barge-loading capacity at its ethanol terminal in Chicago to help relieve a supply glut there that is driving down global prices for the biofuel, three people briefed on the company's plans told Reuters.

Reuters Business
Feb 20, 2019

Oil rises 2 percent on hopes of market rebalance, trade deal
Crude prices rose nearly 2 percent on Wednesday, with Brent hitting its highest this year, on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.

Reuters Business
Feb 20, 2019

Danske Bank pulls out of Russia, Baltics after money-laundering backlash
Danske Bank will pull out of Russia and the neighboring Baltic states, the Danish lender said after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals.

Reuters Business
Feb 20, 2019

Bombardier to deliver handful of Global 7500 jets in first half 2019
Bombardier Inc, the Canadian train and plane maker, will deliver a handful of its new flagship Global 7500 business jets to customers in the first half of 2019, with the remaining 10-15 deliveries expected in the second half, its chief financial officer said on Wednesday.

Reuters Business
Feb 20, 2019

Global stocks up on Asia push, muted Wall St. eyes Fed minutes
World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.

Reuters Business
Feb 20, 2019

Volvo Cars raises over $200 million from new euro bond
Sweden's Volvo Cars issued a bond worth 2 billion Swedish crowns ($214.65 million), it said on Wednesday, just five months after the Chinese-owned carmaker terminated plans to list itself blaming trade tensions and a downturn in automotive stocks.

Reuters Business
Feb 20, 2019

Wall St. edges higher ahead of Fed minutes
U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks.

Reuters Business
Feb 20, 2019

UBS to appeal after fined 4.5 billion euros in French tax fraud case
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.

Reuters Business
Feb 20, 2019

Bombardier to deliver a handful of Global 7500 jets in first half of 2019
Canadian train-and-plane maker Bombardier will deliver a handful of its new flagship Global 7500 business jet to customers during the first half of 2019, with the remaining 10-15 deliveries expected during the back half of the year, chief financial officer John Di Bert told an investor conference on Wednesday.

Reuters Business
Feb 20, 2019

Daimler risks fine as German prosecutors launch new probe
German prosecutors have launched a probe into Daimler for allegedly failing to prevent diesel emissions cheating, possibly resulting in a fine for the carmaker, as its legal woes mount up over the affair.

Reuters Business
Feb 20, 2019

Saudi Aramco in talks on further Indian investments
Saudi Aramco, the world's top oil exporter, is in talks on possible investments in Indian projects involving companies including Reliance Industries, operator of the world's biggest refining complex, its chief executive said on Wednesday.

Reuters Business
Feb 20, 2019

Revenue at Nutella maker Ferrero reaches $12 billion after Nestle acquisition
Revenue at Ferrero reached $12 billion in the fiscal year ended in August, as the group included sales of products like Butterfinger and BabyRuth chocolate bars bought from Nestle at the end of March.

Reuters Business
Feb 20, 2019

Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns
A U.S. judge has rejected Credit Suisse Group AG's bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders about its risk appetite and risk management before taking $1 billion of writedowns on souring debt.

Reuters Business
Feb 20, 2019

U.S. trade representative to testify on China next week
U.S. Trade Representative Robert Lighthizer will testify next week at a U.S. House of Representatives hearing on U.S.-China trade issues, a spokesman for the House Ways and Means Committee said on Wednesday.

Reuters Business
Feb 20, 2019

Norwegian Air aims to fly stranded plane out of Iran in next few days
Budget carrier Norwegian Air expects to fly a plane out of Iran in the next few days after it made an emergency landing there in December and became stranded, partly due to U.S. sanctions on Tehran.

Reuters Business
Feb 20, 2019

Wall St. muted with focus on trade talks, Fed minutes
U.S. stocks were little changed on Wednesday as investors weighed the latest developments in trade talks between the United States and China, while waiting for minutes from the Federal Reserve's January policy-setting meeting.

Reuters Business
Feb 20, 2019

Bristol-Myers says Starboard nominated five directors, bought shares
Bristol-Myers Squibb Co. said on Wednesday that activist hedge fund Starboard Value LP wants to add five directors to its board and bought one million shares after the pharmaceutical company said it plans to buy biotech company Celgene Corp.

Reuters Business
Feb 20, 2019

Southwest probes cancellations, says shutdown cost $60 million
Southwest Airlines Co added a $60 million hit from the recent U.S. government shutdown to its list of headaches on Wednesday as it investigated whether a conflict with its mechanics union was adding to a rise in flight cancellations.

Reuters Business
Feb 20, 2019

Britain managing Huawei risks, has no evidence of spying: official
Britain is able to manage the security risks of using Huawei equipment in national telecoms networks and has not seen any evidence of malicious activity by the company, the head of Britain's National Cyber Security Centre said on Wednesday.

Reuters Business
Feb 20, 2019

Steve Cohen's venture firm invests in U.S. cybersecurity company
Billionaire investor Steve Cohen's Point72 Ventures has invested in a U.S. cybersecurity firm that will provide a way to detect, alert, and protect against data- and identity-related attacks, according to one of the venture capital company's top officials.

Reuters Business
Feb 20, 2019

Alitalia will not be nationalized, needs market solution: economy minister
Italian Economy Minister Giovanni Tria said on Wednesday that Alitalia, which is under special administration, will not be nationalized, adding that the government wants a market solution to keep the airline operating.

Reuters Business
Feb 20, 2019

EU countries back copyright reforms aimed at Google, Facebook
European Union countries on Wednesday endorsed an overhaul of the bloc's copyright rules which would force Google and Facebook Inc to pay publishers for news snippets and filter out copyright-protected content on YouTube or Instagram.

Reuters Business
Feb 20, 2019

EU governments endorse copyright reform - statement
Representatives of European Union governments endorsed on Wednesday a deal reached with the EU Parliament on the overhaul of the bloc's copyright rules, the Romanian presidency of the EU said in a statement on Twitter.

Reuters Business
Feb 20, 2019

Estonia investigates alleged Swedbank link to money laundering scandal
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia's state prosecutor said on Wednesday.

Reuters Business
Feb 20, 2019

Wall St. opens flat as investors assess U.S.-China trade talks
U.S. stocks opened little changed on Wednesday, after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.

Reuters Business
Feb 20, 2019

Factbox: Tesla executive departures since 2016
Tesla Inc on Wednesday announced the departure of its general counsel Dane Butswinkas, just two months into the job, the latest in a string of senior level exits from the electric carmaker.

Reuters Business
Feb 20, 2019

Tesla's top lawyer leaves two months into the job
Tesla Inc said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months after it hired him.

Reuters Business
Feb 20, 2019

French court fines UBS 4.5 billion euros in tax fraud case
A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties.

Reuters Business
Feb 20, 2019

Wall St. set to open slightly lower with focus on trade talks
U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.

Reuters Business
Feb 20, 2019

UBS slams French verdict in tax evasion trial
UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion.

Reuters Business
Feb 20, 2019

CVS Health's forecast points to more pain at long-term care business
CVS Health Corp blamed weakness in its long-term healthcare business for a shortfall in its full-year profit forecast, indicating more troubles at the unit it bought about four years ago.

Reuters Business
Feb 20, 2019

Oil falls after record U.S. shale output forecast
Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.

Reuters Business
Feb 20, 2019

Southwest cuts growth forecast on government shutdown pain
Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit to first-quarter sales from the longest partial U.S. government shutdown.

Reuters Business
Feb 20, 2019

UBS to appeal against French court ruling
Swiss bank UBS will appeal against a French court's ruling that found it guilty of laundering the proceeds of tax evasion, said UBS' general counsel.

Reuters Business
Feb 20, 2019

UBS ordered by court to pay French state 800 million euros in damages
A French court on Wednesday ordered UBS to pay the French state 800 million euros ($907 million) in damages, after finding UBS guilty of laundering the proceeds of tax fraud.

Reuters Business
Feb 20, 2019

Saudi Aramco to decide in first half on financing SABIC buy: CEO
Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC).

Reuters Business
Feb 20, 2019

Former Barclays chairman 'not aware' of Qatar fee document, court told
Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.

Reuters Business
Feb 20, 2019

CVS Health's full-year profit forecast misses estimates
CVS Health Corp forecast full-year profit well below Wall Street estimates on Wednesday due to weakness in its long-term healthcare services business, sending its shares down 5 percent.

Reuters Business
Feb 20, 2019

Stock futures flat as investors assess U.S.-China trade talks
U.S. stock index futures were subdued on Wednesday after a handful of downbeat earnings reports and as investors weighed the latest developments in trade talks between the United States and China.

Reuters Business
Feb 20, 2019

Airbus says A320neo India deliveries back on track
European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet's Pratt & Whitney engines, a senior company executive said on Wednesday.

Reuters Business
Feb 20, 2019

British PM May says Honda plant closure can't be blamed on Brexit
British Prime Minister Theresa May said Honda's announcement that it would close its factory in England in 2021 was deeply disappointing, but could not be blamed on the country's upcoming departure from the European Union.

Reuters Business
Feb 20, 2019

VW South Africa targets record production in 2019: official
German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with union members, its managing director said.

Reuters Business
Feb 20, 2019

Southwest cuts unit revenue outlook on government shutdown
Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit from the longest partial U.S. government shutdown in history.

Reuters Business
Feb 20, 2019

Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm price manipulation concerns - sources
Kinder Morgan Inc will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal - a benchmark for global ethanol prices - is vulnerable to manipulation, three people briefed on the company's plans told Reuters.

Reuters Business
Feb 20, 2019

Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan
Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying it was unlikely the companies would be able to address its "extensive" concerns about the deal.

Reuters Business
Feb 20, 2019

French court ruling due in UBS $6 billion tax case
A French court will rule on Wednesday whether UBS, Switzerland's largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds.

Reuters Business
Feb 20, 2019

Caesars says continues to look at options after Icahn urges sale of company
Caesars Entertainment Corp said on Wednesday it will continue to look at options for the company, a day after activist investor Carl Icahn urged the U.S. casino operator to consider selling itself.

Reuters Business
Feb 20, 2019

Oil dips after forecast for record U.S. shale output
Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs.

Reuters Business
Feb 20, 2019

EU medicines agency loses bid to end London lease over Brexit
The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London's Canary Wharf financial district due to Brexit, in a landmark ruling that lawyers said could stave off similar such claims by other tenants.

Reuters Business
Feb 20, 2019

Goldman Sachs backs U.S. construction finance tech startup Rabbet
Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

Reuters Business
Feb 20, 2019

U.S. ambassador to Italy visits Telecom Italia headquarters
The U.S. ambassador to Italy, Lewis Eisenberg, visited the Rome headquarters of Italian phone group Telecom Italia on Wednesday, a Reuters witness said.

Reuters Business
Feb 20, 2019

European Medicines Agency loses bid to end London lease over Brexit
The European Medicines Agency (EMA) has lost its bid to void a lease on its office in London's Canary Wharf financial district due to Brexit, after a judge in London on Wednesday ruled in favor of property company Canary Wharf Group.

Reuters Business
Feb 20, 2019

Ghosn's new lawyer, 'the Razor', takes aim at Nissan and prosecutors
Carlos Ghosn's new lawyer took aim at Nissan, prosecutors and courts on Wednesday, dismissing the charges against the ousted chairman as an internal company matter and saying Japan was out of step with international norms by keeping his client in jail.

Reuters Business
Feb 20, 2019

Spotlight falls on Swedbank in Baltic money laundering scandal
Swedbank defended its money laundering controls after Swedish television said it had uncovered documents linking the bank to suspicious transactions with Danske in Estonia.

Reuters Business
Feb 20, 2019

German prosecutors start penalty proceedings against Daimler in diesel probe
German prosecutors in the city of Stuttgart have opened penalty proceedings against carmaker Daimler linked to suspected manipulation of diesel cars, the prosecution office said on Wednesday.

Reuters Business
Feb 20, 2019

FMC expects NxStage deal to close in next couple of days
Germany's Fresenius Medical Care (FMC) said on Wednesday it has won the green light from U.S. regulators to acquire U.S. home dialysis equipment maker NxStage and expects the deal to close in the next few days.

Reuters Business
Feb 20, 2019

Sainsbury's-Asda deal in doubt as UK regulator raises big objections
Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying it was unlikely the companies would be able to address its "extensive" concerns about the deal.

Reuters Business
Feb 20, 2019

U.S.-China trade hopes extend equity surge; central banks supportive
World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black.

Reuters Business
Feb 20, 2019

Microsoft says discovers hacking targeting democratic institutions in Europe
Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps.

Reuters Business
Feb 20, 2019

Saudi Aramco discussing investments in India's Reliance Industries: CEO
Saudi Aramco's Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India's Reliance Industries Ltd for possible investments and is seeking other opportunities in the country.

Reuters Business
Feb 20, 2019

Governance panel opposed to Renault chairman being named Nissan head: sources
An external committee tasked by Nissan Motor Co to help improve corporate governance at the Japanese firm is opposed to the idea of Renault's chairman being appointed to lead Nissan's board, two people familiar with the matter said.

Reuters Business
Feb 20, 2019

Ghosn's new lawyer says he should be released on bail
The new lawyer for ousted Nissan Chairman Carlos Ghosn said his client should be released on bail while awaiting trial and that Japan was out of step with international norms.

Reuters Business
Feb 20, 2019

Swedish TV says Swedbank linked to Baltic money laundering scandal
Swedish television (SVT) said on Wednesday it had uncovered documents linking Swedbank to a money laundering scandal involving Denmark's Danske Bank.

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