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Airbus pencils in orders for new A321XLR jet: sources

4 hours ago DieselGasoil Comments Off on Airbus pencils in orders for new A321XLR jet: sources
PARIS (Reuters) – Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. A logo of Airbus is seen on a wall at Airbus headquarters Read More

Standard Chartered sets aside $900 million to cover U.S., British fines

17 hours ago DieselGasoil Comments Off on Standard Chartered sets aside $900 million to cover U.S., British fines
(Reuters) – Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent. People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo The Read More

StanChart fined $133 million by Britain's financial watchdog

19 hours ago DieselGasoil Comments Off on StanChart fined $133 million by Britain's financial watchdog
People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo (Reuters) – Standard Chartered Plc said on Wednesday Britain’s financial watchdog has imposed a fine of 102.2 million pound ($133.3 million) in relation to its investigation into the bank’s historical financial crime controls. In a filing Read More

Wall Street ends up slightly as Fed minutes support cautious stance

22 hours ago DieselGasoil Comments Off on Wall Street ends up slightly as Fed minutes support cautious stance
NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve’s last meeting reaffirmed for investors that the U.S. central bank would be “patient” with respect to further interest rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. Read More

Asia push, Wall Street support lift stocks; oil rises

23 hours ago DieselGasoil Comments Off on Asia push, Wall Street support lift stocks; oil rises
NEW YORK (Reuters) – World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More

UBS to appeal after fined 4.5 billion euros in French tax fraud case

1 day ago DieselGasoil Comments Off on UBS to appeal after fined 4.5 billion euros in French tax fraud case
PARIS (Reuters) – A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo Shares in Read More

French court fines UBS 4.5 billion euros in tax fraud case

1 day ago DieselGasoil Comments Off on French court fines UBS 4.5 billion euros in tax fraud case
PARIS (Reuters) – A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. Read More

French court ruling due in UBS $6 billion tax case

1 day ago DieselGasoil Comments Off on French court ruling due in UBS $6 billion tax case
PARIS (Reuters) – A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo French prosecutors are demanding a 3.7 billion Read More

Asia shares scale four-and-a-half month peak on hopes of U.S.-China trade deal

2 days ago DieselGasoil Comments Off on Asia shares scale four-and-a-half month peak on hopes of U.S.-China trade deal
TOKYO (Reuters) – Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Read More

Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts

2 days ago DieselGasoil Comments Off on Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts
SINGAPORE (Reuters) – Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Read More