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Oil hovers near 2019 highs amid OPEC cuts

6 hours ago DieselGasoil Comments Off on Oil hovers near 2019 highs amid OPEC cuts
LONDON (Reuters) – Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo U.S. Read More

Swedish watchdog calls Swedbank money laundering report 'very serious'

7 hours ago DieselGasoil Comments Off on Swedish watchdog calls Swedbank money laundering report 'very serious'
STOCKHOLM (Reuters) – Sweden’s financial watchdog said allegations in a media report linking Swedbank to a Baltic money laundering scandal, involving Danske Bank were “very serious” as shares in the Swedish bank tumbled on Thursday. Danske is being investigated in five countries over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet Read More

Investor Browder to file criminal complaint against Swedbank

8 hours ago DieselGasoil Comments Off on Investor Browder to file criminal complaint against Swedbank
STOCKHOLM (Reuters) – Bill Browder, founder and CEO of investment fund Hermitage Capital Management, intends to file a criminal complaint against Swedbank with Swedish authorities over its involvement in alleged Baltic money laundering transactions, he said on Thursday. “It is my intention to file a criminal complaint against Swedbank,” Browder told Reuters, declining to specify Read More

Swedbank falls further on lingering money laundering worries

8 hours ago DieselGasoil Comments Off on Swedbank falls further on lingering money laundering worries
STOCKHOLM (Reuters) – Swedbank’s shares slid more than 7 percent on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lenders in the Baltic countries to a regional money laundering scandal involving Danske Bank. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, Read More

PG&E extends deadline for board nominations

8 hours ago DieselGasoil Comments Off on PG&E extends deadline for board nominations
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – PG&E Corp, which filed for bankruptcy last month in the wake of potential liabilities from California’s catastrophic wildfires, on Thursday extended the deadline by which investors must Read More

Gold hits 10-month high amid hopes for successful outcome of US-China talks

9 hours ago DieselGasoil Comments Off on Gold hits 10-month high amid hopes for successful outcome of US-China talks
Prices for gold reached their highest level since April 2018 lifted by investor optimism over trade talks between Beijing and Washington and expectations of a possible rate hike later in the year. Gold for April delivery on Comex rose 0.2 percent to $1,347.1 per ounce after touching a high of $1,349.80. The contract increased by Read More

US & China start outlining deal to end trade war – reports

9 hours ago DieselGasoil Comments Off on US & China start outlining deal to end trade war – reports
The world’s two largest economies, the United States and China have reportedly started laying out a deal to put an end to their seven-month trade dispute. Sources told Reuters the broad outline of what could make up a deal is beginning to emerge from high level talks held on Thursday and Friday in Washington. Beijing Read More

Arrested US investor faces 10 years in Russian prison for major fraud

9 hours ago DieselGasoil Comments Off on Arrested US investor faces 10 years in Russian prison for major fraud
The founder and senior partner of Baring Vostok private equity fund, Michael Calvey, has been officially charged with a large-scale fraud involving a Russian bank, TASS cites a source in Russian law enforcement as saying. The US citizen, who was put in pre-trial custody by a Moscow court, could get up to 10 years in Read More

Danske Bank now under SEC microscope over money laundering

9 hours ago DieselGasoil Comments Off on Danske Bank now under SEC microscope over money laundering
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo COPENHAGEN (Reuters) – The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC). Danske is already under investigation in Read More

Banning Huawei from 5G would cause difficulties: T-Mobile Polska CEO

10 hours ago DieselGasoil Comments Off on Banning Huawei from 5G would cause difficulties: T-Mobile Polska CEO
FILE PHOTO: The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo WARSAW (Reuters) – If Poland excludes Chinese tech giant Huawei from 5G development it would cause difficulties and possibly delay the network rollout, the chief executive Read More