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Archive: All news

  • UK regulator plans to ban former Libor trader Tom Hayes

    November 8, 2017 5:25 PM 436

    LONDON - Britain's markets regulator said on Wednesday it plans to ban convicted former Libor trader Tom Hayes from the financial services industry because he is not a "fit and proper person". The Financial Conduct Authority (FCA) said Hayes, who has been sentenced to 11 years in jail for interest rate benchmark manipulation, disputes the decision and is appealling

  • U.S. Commerce Secretary says Trump-Xi talks will address trade imbalances

    November 8, 2017 8:55 AM 408

    BEIJING - Meetings between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing this week will focus on addressing trade imbalances between the two countries, U.S. Commerce Secretary Wilbur Ross said in Beijing on Wednesday. Ross was speaking at a signing ceremony for commercial deals between the two countries worth about $9 billion

  • Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation

    November 8, 2017 3:55 AM 409

    NEW YORK - Japan's Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert state-supervised branches into federally regulated ones, a U.S. spokesman for the bank confirmed late on Tuesday. As a result, MUFG's Bank of Tokyo-Mitsubishi UFJ Ltd branches in New York, Illinois

  • Tesla buys automation equipment maker Perbix

    November 7, 2017 1:10 PM 422

    Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment. "With the acquisition of Perbix, Tesla further advances its efforts to turn the factory itself into a product – to build the machine that makes the machine," Tesla said on its website. Tesla Chief Executive

  • Singapore Airlines Q2 net profit nearly triples to S$190 million

    November 7, 2017 10:30 AM 436

    SINGAPORE — Singapore Airlines Ltd said on Tuesday (Nov 7) second-quarter net profit nearly tripled on the back of stronger operating results. The carrier, a benchmark for Asia's full-service airline industry, earned S$190 million (US$139.26 million) in the three months to Sept. 30, up from S$65 million a year before, it said in a stock exchange filing

  • Britain says Iran's treatment of jailed aid worker is unacceptable

    November 7, 2017 8:55 AM 407

    LONDON - Iran's continued detention of jailed Iranian-British aid worker Nazanin Zaghari-Ratcliffe is unacceptable, British trade minister Liam Fox said on Tuesday, adding that she should be released as soon as possible. Zaghari-Ratcliffe is serving a five-year jail sentence after being convicted of plotting to overthrow Iran's clerical establishment

  • Lebanon's Hariri leaves Saudi Arabia for UAE trip

    November 7, 2017 7:55 AM 421

    BEIRUT - Lebanon's Prime Minister Saad al-Hariri, who sparked a political crisis on Saturday by declaring his surprise resignation in Riyadh, has traveled to the UAE, Saudi-owned media said on Tuesday. His resignation has thrust Lebanon back onto the front line of the Middle East's most biting rivalry, pitting a mostly Sunni bloc led by Saudi Arabia

  • Fox held talks to sell most of company to Disney: CNBC

    November 6, 2017 7:10 PM 417

    Rupert Murdoch-controlled Twenty-First Century Fox has held talks to sell most of the company to Walt Disney Co, CNBC reported on Monday, citing unnamed people familiar with the matter. Fox's shares rose 5.8 percent to $26.40 in afternoon trading in response. Disney's shares were up 1.2 pct at $99.86. A Disney spokesman did not immediately respond to a request

  • At least five dead after migrant boat sinks off Libya

    November 6, 2017 2:05 PM 402

    TRIPOLI - At least five migrants died and an unknown number were feared missing after their boat capsized off western Libya on Monday, Libyan coastguard officials and a charity said. The rubber boat was carrying about 140 people when it overturned close to the border between Libyan and international waters, Libyan officials said. The Libyan coastguard

  • Saudi king receives ex-Lebanon PM Hariri in Riyadh

    November 6, 2017 10:05 AM 413

    RIYADH - Saudi King Salman received former Lebanese Prime Minister Saad al-Hariri in Riyadh on Monday following his resignation, Saudi media reported. Hariri announced his resignation on Saturday from Riyadh, saying he believed there was an assassination plot against him and accusing Iran, Saudi Arabia's arch-rival, and its Lebanese ally Hezbollah of sowing