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REC Silicon – US -and China’s Long-Standing Trade Dispute Force Further Lay-Offs

3 hours ago DieselGasoil Comments Off on REC Silicon – US -and China’s Long-Standing Trade Dispute Force Further Lay-Offs
Moses Lake, WA, July 15th 2019: REC Silicon ASA (REC Silicon) previously announced that its FBR facility in Moses Lake, Washington would be placed in a long-term shutdown by July 15, 2019 if its access to polysilicon markets in China was not restored by that date. Although recent talks between the Government of the United Read More

Deutsche Bank to layoff 126 New York staff as part of restructuring

4 days ago DieselGasoil Comments Off on Deutsche Bank to layoff 126 New York staff as part of restructuring
Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City, U.S., July 8, 2019. REUTERS/Andrew Kelly NEW YORK (Reuters) – Deutsche Bank AG (DBKGn.DE) plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state Read More

U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: Wall Street Journal

4 days ago DieselGasoil Comments Off on U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: Wall Street Journal
(Reuters) – The U.S. Justice Department is investigating whether Deutsche Bank AG (DBKGn.DE) violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson Read More

Reckitt to pay $1.4 billion to end long-running Indivior probes

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(Reuters) – Britain’s Reckitt Benckiser (RB.L) has agreed to pay up to $1.4 billion to resolve all U.S. federal investigations into the sales and marketing of an opioid addiction treatment by its former prescription pharmaceuticals business Indivior (INDV.L). FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain Read More

Reckitt to pay $1.4 billion to end Indivior probe

4 days ago DieselGasoil Comments Off on Reckitt to pay $1.4 billion to end Indivior probe
(Reuters) – Britain’s Reckitt Benckiser (RB.L) will pay up to $1.4 billion to resolve all U.S. federal investigations into the sales and marketing of an opioid addiction treatment by its former prescription pharmaceuticals business Indivior (INDV.L). FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February 12, Read More

U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ

4 days ago DieselGasoil Comments Off on U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ
(Reuters) – The U.S. Justice Department is investigating whether Deutsche Bank AG (DBKGn.DE) violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson Read More

Deutsche Bank looks to boost wealth management as part of reinvention

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ZURICH (Reuters) – With other parts of its business facing hefty cuts, Deutsche Bank (DBKGn.DE) wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, Read More

Elliott outspends rivals as corporate activism turns to Germany

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FRANKFURT/BOSTON (Reuters) – Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., Read More

U.S. Democratic lawmakers declare climate emergency

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WASHINGTON (Reuters) – Democratic lawmakers, including six presidential candidates, on Tuesday unveiled a Congressional resolution declaring a climate change emergency to spur “sweeping reforms” to stem a dangerous rise in global temperatures. Rep. Alexandria Ocasio-Cortez (D-NY) speaks during House Oversight and Reform Committee hearing on contempt votes on whether to find Attorney General William Barr Read More

Deutsche Bank in partnership talks with SoftBank-backed OakNorth: source

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LONDON (Reuters) – Deutsche Bank (DBKGn.DE) is in talks with SoftBank-backed (9984.T) British fintech firm OakNorth to use the latter’s credit analysis and monitoring platform, a source with knowledge of the discussions told Reuters. FILE PHOTO: Rishi Khosla, co-founder and Chief Executive Officer of OakNorth at his office in central London, Britain October 20, 2016. Read More