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Reuters: Business News

European Banking Authority is asked to investigate oversight of Danske Bank
The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank's Estonian branch, which is at the center of a major money laundering scandal, it said on Sunday, confirming a report in Financial Times.


POSTED SEPTEMBER 23, 2018 3:35 PM
Volume spikes on sector reshuffle, quadruple witching
An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.


POSTED SEPTEMBER 23, 2018 3:19 PM
Comcast demonstrates Sky-high ambition in global media shake-up
U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.


POSTED SEPTEMBER 23, 2018 1:16 PM
Low interest rates spawn rise in number of zombie firms: BIS
Decades of falling interest rates have led to a sharp increase in the number of "zombie" firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.


POSTED SEPTEMBER 23, 2018 12:16 PM
Siemens CEO pushes plans to boost Iraqi power infrastructure
Siemens said its boss Joe Kaeser met Iraq's prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation's power production.


POSTED SEPTEMBER 23, 2018 11:49 AM
Volkswagen's Porsche drops diesel in electric car push
Volkswagen's Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.


POSTED SEPTEMBER 23, 2018 9:38 AM
Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.


POSTED SEPTEMBER 23, 2018 9:17 AM
In Nigeria, Shell’s onshore roots still run deep
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country's onshore industry for decades.


POSTED SEPTEMBER 23, 2018 5:04 AM
Timeline: Shell's operations in Nigeria
Royal Dutch Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled violence.


POSTED SEPTEMBER 23, 2018 5:04 AM
Asian firms shuffle production around the region as China tariffs hit
A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump's tariffs on Chinese imports.


POSTED SEPTEMBER 23, 2018 2:10 AM

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