Wednesday, October 16, 2019

JPMorgan to pay $135m for improper handling of ADRs

Washington: JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and...

Australia’s central bank cuts key interest rate to 1pc

CANBERRA: Australia’s central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1%...

IMF faces dilemma of China debt as nations seek help

WASHINGTON: The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and...

Europe rallies as bond yields plough new lows

LONDON: Action on world markets focused on bonds on Wednesday, with a fresh slide in benchmark debt yields on simmering global trade war and...

T-Mobile, Sprint expected to extend deal date

NEW YORK: T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources...

Wall Street opens slightly lower after mixed bank reports

WASHINGTON: US stocks opened slightly lower on Tuesday as bank shares fell after a batch of mixed quarterly reports from Wall Street lenders JPMorgan...

Bank stocks decline after Trump’s tariff threat

NEW YORK: Bank stocks fell sharply after President Trump’s latest tariff threat sent U.S. Treasury yields tumbling and raised new questions about the outlook...

RBS critic pays £20,000 for criticising bank

LONDON: A critic of Royal Bank of Scotland’s disgraced restructuring unit has spent £20,000 on a billboard berating the high street bank as part...

Tesla starts hiring for new $2 billion Shanghai plant

BEIJING: Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the...

Morgan Stanley unit to pay $10 million fine for violations

New York: Wall Street’s industry funded watchdog fined the US brokerage unit of Morgan Stanley $10 million today for compliance failures in the firm’s...

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