Commonwealth Bank of Australia (CBA.AX) was hit on Tuesday with potentially Australia's biggest class-action lawsuit over a money-laundering scandal that has already smashed its share price and exposed it to billions of dollars in fines. More »
File photo: A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in ... More »
U.S. President Donald Trump faces a news conference at the White House in Washington, U.S., February 16, 2017. REUTERS/Kevin Lamarque Oil executives cautioned it is too soon to gauge the impact of President Donald Trump’s policy proposals on their businesses, ... More »
A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque Bayliss More »
The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bimonthly monetary policy review in Mumbai, India December 7, 2016. REUTERS/Danish Siddiqui/File Photo Denny Jose, a small-town caterer in the southern Indian state ... More »
U.S. President Donald Trump speaks during a meeting with Chief Executive Officer of Intel Brian Krzanich in the Oval Office of the White House in Washington, U.S., February 8, 2017. REUTERS/Joshua Roberts U.S. aviation executives will discuss the industry’s ag... More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – US leveraged lending guidelines could ease if a Wall Street-friendly Trump administration tells regulators t... More »
A general view shows the headquarters of Gazprom in Moscow, Russia, June 30, 2016. REUTERS/Maxim Shemetov/File Photo Japan’s Mizuho Bank Ltd [MZFGAE.UL] and Sumitomo Mitsui Banking Corp [SUMFGI.UL] are working on a deal to provide 800 million euros ($845 milli... More »
William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Bayliss More »
Logo of Swiss PostFinance bank is seen at a branch in Zurich, Switzerland August 22, 2016 REUTERS/Arnd Wiegmann Swiss bank PostFinance [PFAG.UL] will start charging private customers for holding deposits of more than 1 million Swiss francs ($1 million), it sai... More »
The company logo of BOC Aviation is displayed during a news conference ahead of its listing in Hong Kong, China May 18, 2016. REUTERS/Bobby Yip Aircraft lessor BOC Aviation Ltd (2588.HK) said on Monday it would buy five new planes from Air China (601111.SS), w... More »
Swiss biotechnology firm ADIENNE said on Monday it plans to seek a listing on Switzerland’s bourse in an initial public offering. More »
DETROIT The connection between Quicken Loans Inc founder Dan Gilbert and billionaire magnate Warren Buffett became evident last month with news that Buffett was backing Gilbert’s surprise bid for Yahoo Inc. But the two men have another business connection that... More »
SAO PAULO Oi SA (OIBR3.SA) will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said, pitting some of the world’s biggest investors against each other as Brazil’s most-indebted phone carrier fights for ... More »
SAO PAULO Equity funds in Brazil are expected to post returns below the benchmark Bovespa stock index’s performance in coming months, partly as their preference for maintaining high cash holdings and heightened market volatility made them miss a recent rally. ... More »
SAO PAULO The reliance of Brazil’s Grupo BTG Pactual SA on market funding may pose an immediate challenge for new boss Persio Arida, who sought to calm clients on Friday after its shares fell for a third straight day. The São Paulo-based investment bank tapped... More »
SAO PAULO Clients stepped up withdrawals from Grupo BTG Pactual SA’s money management unit on Thursday, according to a source with knowledge of the bank’s strategy, as Latin America’s largest independent investment bank tries to contain fallout from the arrest... More »
MARSHALL, Texas A U.S. jury on Friday found Apple Inc (AAPL.O) did not infringe five antipiracy patents owned by a Pendrell Corp (PCO.O) subsidiary at trial in a Texas federal court. The jury also found that Apple did not prove that the patents were invalid. N... More »
