November 9, 2018

Australia’s Westpac fined $2.4 million in rate case, fraction of penalty sought

Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined […]
November 9, 2018

Oil prices fall into bear market on rising supply, economic concerns

Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by around 20 percent […]
November 9, 2018

AirAsia X considers switching part of Airbus order to narrowbody jets: CEO

AirAsia X Bhd , which has yet to firm up a tentative order for 34 Airbus A330neo widebody jets placed in July, is considering switching some […]
November 9, 2018

Asia stocks pull back from one-month high as Fed tempers rally

Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains […]
November 9, 2018

U.S. sues UBS, alleges crisis-era mortgage securities fraud

The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG , Switzerland’s largest bank, of defrauding investors in its sale of residential […]
November 9, 2018

U.S., Mexico, Canada ministers to sign trade pact Nov. 30, official says

Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday. Powered by […]
November 9, 2018

Oil prices down 20 percent in a month as fundamentals weaken

Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since […]
November 9, 2018

Disney profit boosted by fans flocking to parks, movies

Walt Disney Co results beat Wall Street estimates on Thursday thanks to summer crowds that swarmed into its theme parks and filled theaters showing Marvel movie […]
November 8, 2018

VW plans to sell electric Tesla rival for less than $23,000: source

Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla rivals, a source […]
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