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Reuters: Money News

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Updated: 8 hours 17 min ago

Danske whistleblower says big European bank handled $150 billion of payments

8 hours 50 min ago
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.
Categories: India News

Wall St pulled lower by Apple, trade worries

8 hours 54 min ago
Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.
Categories: India News

Oil slips as pessimism over supply resurfaces despite OPEC pledge

9 hours 18 min ago
Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.
Categories: India News

RBI board agrees to improve liquidity - sources

9 hours 23 min ago
The board of the Reserve Bank of India (RBI) on Monday agreed to ease liquidity for the financial sector and increase credit to small businesses, two sources present at the meeting said.
Categories: India News

Refiners get taste of post-IMO world with gasoline/diesel imbalance

9 hours 37 min ago
Refineries around the world are squeezing out every last drop of diesel while drowning in gasoline, in what could well become the new normal for the next few years.
Categories: India News

UK PM May sticks to Brexit deal as opponents seek formal challenge

9 hours 39 min ago
British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge.
Categories: India News

Gold holds tight range as uncertain U.S. rate view saps dollar

9 hours 46 min ago
Gold consolidated in a tight $6 range on Monday while investors watched for catalysts in a holiday week, holding above $1,220 as the dollar softened on uncertainty about U.S. interest rates.
Categories: India News

Corrected: May's government courts Northern Irish business to sell Brexit deal

9 hours 47 min ago
(Corrects to make clear company name is Beyond Business Travel)
Categories: India News

Nissan's Ghosn arrested in Japan for alleged financial misconduct

9 hours 48 min ago
Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy.
Categories: India News

EU's Barnier says draft Brexit deal is "fair and balanced"

10 hours 23 min ago
The European Union's Brexit negotiator Michel Barnier said on Monday the draft Brexit deal reached with London was "fair and balanced", as the bloc haggled with Britain over any extension to the envisaged transition period.
Categories: India News

Telecom Italia gets new CEO but power struggle rages on

10 hours 32 min ago
Luigi Gubitosi's appointment as Telecom Italia's new chief executive lifted shares more than 4 percent on Monday as investors bet the veteran Italian manager could push through an aggressive shake-up of Italy's biggest phone group.
Categories: India News

Global stocks struggle higher, dollar sapped by rate hike uncertainty

10 hours 33 min ago
World shares struggled higher 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.
Categories: India News

Nigeria's Abubakar promises to boost oil investment, cut subsidies if elected

10 hours 35 min ago
Nigeria's main opposition candidate Atiku Abubakar said on Monday he will boost oil sector investment, cut costly fuel subsidies and double the size of the economy by 2025 if he wins next year's presidential election.
Categories: India News

IEA's Birol appeals for 'common sense' as oil producers weigh supply cut

11 hours 6 min ago
Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, appealing to market players to use "common sense".
Categories: India News

Colfax to buy medical devices firm DJO Global for $3.15 billion

11 hours 55 min ago
Industrial equipment maker Colfax Corp said on Monday it would acquire DJO Global Inc from Blackstone Group for $3.15 billion in cash, as it diversifies into selling medical products such as shoulder implants and knee braces.
Categories: India News

UK PM May vows to stick to Brexit deal as opponents seek formal challenge

12 hours 2 min ago
British Prime Minister Theresa May vowed on Monday to stick to her contentious draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge.
Categories: India News

In Dubai, U.S. sanctions pressure historic business ties with Iran

12 hours 27 min ago
With its Persian restaurants and shop signs in Farsi, Murshid Bazaar, a dense maze of alleys in Dubai's old quarter, has for decades been a centre for small-scale trade with Iran.
Categories: India News

German growth to rebound towards year-end - Bundesbank

12 hours 32 min ago
German growth will rebound after a poor third quarter as the economy works through one-off issues that held it back through the summer months, the Bundesbank said in a monthly economic report on Monday.
Categories: India News

Franco-German proposal a 'breakthrough' in euro zone reform plan: Eurogroup head

12 hours 36 min ago
The Franco-German proposal of a euro zone budget could represent a "breakthrough" for reaching a deal on a euro zone reform package next month, said the chairman of the zone's finance ministers, though Italy quickly distanced itself from the plan.
Categories: India News

Carlos Ghosn, the cost cutter with a big price tag

12 hours 39 min ago
In his 40 years in the auto industry, the praise Carlos Ghosn has won for turning around businesses has regularly been matched by criticism over the amount he has been paid to do it.
Categories: India News