SocGen's heads of Asia trade finance depart after bunker fuel losses
- Societe Generale's regional heads of trade and commodities finance for Asia Pacific have left the Paris-based bank, raising concerns among Singapore-based shipping fuel traders that it may wind back financing services to the sector.
Thu, 21 Nov 2019 22:10:08 -0500
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Microsoft granted license to export 'mass-market' software to Huawei
- Microsoft Corp said on Thursday it had been granted a license from the U.S. government to export software to Huawei Technologies Co Ltd.
Thu, 21 Nov 2019 21:07:14 -0500
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Australia's Westpac hit by Goldman downgrade over money-laundering scandal
- Goldman Sachs became the first major investment bank to cut its target price for Westpac Banking Corp on Friday as Australia's No.2 lender faces allegations of massive breaches of anti-money laundering laws and billions of dollars in fines.
Thu, 21 Nov 2019 20:11:14 -0500
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Australian fund cuts Westpac bond exposure on money laundering allegations
- An Australian bond fund has started to divest Westpac bonds following allegations by the country's financial crime regulator of money laundering compliance breaches, some of which related to financing child exploitation.
Thu, 21 Nov 2019 20:09:35 -0500
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Panasonic has no plans for new Tesla battery plant in China: CEO
- Panasonic Corp has no plans to build a new battery plant for Tesla Inc in China, the Japanese company's chief executive said, as it struggles to make profits from its existing battery business with the electric vehicle maker.
Thu, 21 Nov 2019 20:06:13 -0500
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Asian shares up from three-week lows, but trade uncertainty nags
- Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.
Thu, 21 Nov 2019 19:30:40 -0500
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Xerox threatens hostile bid unless HP opens its books
- Xerox Corp on Thursday threatened to take its $33.5 billion buyout bid for HP Inc hostile, if the personal computer maker did not agree to a "friendly" discussion and open its books before Nov. 25.
Thu, 21 Nov 2019 18:40:47 -0500
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Charles Schwab in talks to buy smaller rival TD Ameritrade: CNBC
- Charles Schwab Corp , the largest U.S. discount broker, is in talks to buy rival TD Ameritrade , CNBC reported on Thursday, as industry profits come under pressure from a shift to zero commission.
Thu, 21 Nov 2019 18:39:12 -0500
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Gap's quarterly profit beats; says working on plan to split Old Navy
- Gap Inc edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.
Thu, 21 Nov 2019 18:38:26 -0500
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Facebook agrees to provide additional documents in California AG data privacy probe
- Facebook Inc has agreed to turn over additional documents after the California state attorney general's office went to court earlier this month to compel the social media firm to comply with requests for information in its privacy investigation.
Thu, 21 Nov 2019 18:15:33 -0500
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