Business News - The Last 24 Hours

Singapore's central bank ends 1MDB review, penalizes Credit Suisse, UOB
Reuters - 42 min ago
SINGAPORE (Reuters) - Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB) after completing its two-year review of banks involved in 1MDB-related transactions.
RELATED:
CNBC - Singapore's central bank fines Credit Suisse and UOB for 1MDB-related transactions - 52 min 25 sec ago
COMMENTARY:
Zero Hedge - What Is Happening In The Hong Kong Housing Market "Is A Sea Of Madness" Even Central Bank Warns - 1 hour 8 min ago
Seeking Alpha - All The Central Bank Bashing Is (Mostly) Pointless - 16 hours 55 min ago



Strong start to summer driving season pushed U.S. oil rises towards $50
Reuters - 50 min 26 sec ago
SINGAPORE (Reuters) - U.S. crude oil prices rose toward $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.
COMMENTARY:
Seeking Alpha - Not OPEC, China Dictates The Oil Prices - 1 hour 11 min ago
Zero Hedge - Ignore OPEC, It's China That Dictates Oil Prices - 5 hours 40 min ago
VIDEO:
CNBC Video - The next catalyst to push oil prices above $50 could be Venezuela. Here's why - 2 hours 4 min ago



Dollar firms against sterling, euro amid political uncertainties
Reuters - 1 hour 10 min ago
TOKYO (Reuters) - The dollar firmed on Tuesday, taking back ground against the euro and sterling which were pressured by political uncertainties in the UK and eurozone.
COMMENTARY:
Seeking Alpha - Dollar Steady After North Korea Missile Test, Euro Dips - 10 hours 22 sec ago



Ford to cut jobs as sales flatten, stock prices fall behind
China Daily - 1 hour 11 min ago
DETROIT - The Ford Motor Co is getting leaner as it faces an onslaught of challenges, from slowing United States sales, to high-tech challengers, to its own disgruntled shareholders. The 114-year-old automaker said on Wednesday that it is cutting 1,400 non-factory jobs in North America and Asia-Pa ...



'Toughen the laws on bankruptcy'
BBC - 2 hours 4 min ago
The UK should toughen the laws on bankruptcy, says garage owner Julie Jordan-Spence
COMMENTARY:
Fox Business - Hartford looking to state to help prevent bankruptcy - 13 hours 25 min ago



Timpson CEO: 'Trust your staff'
BBC - 2 hours 8 min ago
Timpson CEO John Timpson says trust your staff to take the initiative.
RELATED:
Reuters - Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO - 14 hours 30 min ago
COMMENTARY:
Washington Post - Elon Musk is the unusual CEO who says his stock is overvalued - 1 hour 10 min ago
Seeking Alpha - Delek Group's (DGRLY) CEO Asi Bartfeld on Q1 2017 Results - Earnings Call Transcript - 8 hours 53 min ago
The Guardian - British Airways CEO will not resign despite 'catastrophic' IT failure - 9 hours 50 min ago
VIDEO:
CNBC Video - Hoshino Resorts CEO on the hospitality sector in Japan - 23 hours 18 min ago



Small firms hit as government tax relief delayed
BBC - 2 hours 27 min ago
Thousands of small firms are still waiting for the government's promised help on business rates.
RELATED:
CNBC - Backdoor IRAs: Another way for high earners to save on taxes in retirement - 11 hours 41 min ago
COMMENTARY:
The Guardian - Sky high carbon tax needed to avoid catastrophic global warming, say experts - 7 hours 48 min ago
Fox Business - 5 Ways to Grow Your Tax Refund - 11 hours 34 min ago
BusinessInsider - TAX BOSS: Fraud allegations strikes at the 'heart and values of those who work at the ATO' - 11 hours 36 min ago
Seeking Alpha - Citigroup CCAR: U.S. Tax Reform And Dividend Versus Buyback Question - 13 hours 29 min ago



Canada's Ambrose Says Trudeau Is Doing Good Job on Nafta
Bloomberg - 3 hours 10 min ago
Former Conservative Interim Leader Rona Ambrose joins Bloomberg TV Canada's Lily Jamali to discuss the new Conservative leader Andrew Scheer, the party's new priorities ahead of the 2019 federal election, and the Trudeau government's approach to trade. (Source: Bloomberg)
RELATED:
Bloomberg - Trudeau Tiptoes Toward Trump Trade Talks as Nafta Clock Ticks - 16 hours 41 min ago



White Collar Watch: When ‘Political Intelligence’ Meets Insider Trading
New York Times - 3 hours 34 min ago
Proving a recent case will hinge on how broadly the rules will apply when the information is leaked from a government agency rather than a corporation.



Vietnam Leader Looks to Salvage Obama Trade Gains in Trump Visit
Bloomberg - 3 hours 41 min ago
Vietnamese Prime Minister Nguyen Xuan Phuc has a tough task when he visits the White House this week: Convince President Donald Trump to advance trade ties that blossomed under the Obama administration.
COMMENTARY:
Washington Post - This remote factory is where Trump may finally draw the line on trade - 1 hour 10 min ago
Der Spiegel - EU Commissioner Malmström: 'Millions of U.S. Jobs Depend On Trade with EU' - 10 hours 31 min ago



Why Wall Street is to blame for airline industry's customer service problems
CNBC - 4 hours 42 min ago
Pressure on corporate America is creating an increasingly Dickensian experience as companies focus on maximizing profit.
COMMENTARY:
Washington Post - Once considered the titans of Wall Street, hedge fund managers are in trouble - 4 hours 10 min ago



MI5 launches internal probe over Manchester attack warnings
Indiatimes - 5 hours 11 min ago
A man was arrested in the southern coastal town of Shoreham-by-Sea, more than 400 km from Manchester on Monday over the attack claimed by the IS group.
RELATED:
Indiatimes - Trainee pilot arrested in connection with Manchester attack - 10 hours 11 min ago
Euronews - Manchester residents queue up for "solidarity" tattoos - 19 hours 21 min ago
COMMENTARY:
BusinessInsider - UK police arrest 16th person in connection with Manchester attack as security services probe missed warnings - 19 hours 10 min ago
LA Times - More arrests in Manchester attack, as U.K. remains on high alert - 21 hours 31 min ago



GST rollout: GST Network seeing several cyber threats, taking strong steps to ward them off
Indiatimes - 6 hours 11 min ago
Concerns have heightened after the recent ransomware attack and Legion hacking of social media data a few months ago.



New Russian jet heralds carbon manufacturing shake-up
Reuters - 7 hours 19 min ago
PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.
COMMENTARY:
Seeking Alpha - Copper Price To Fall With Slowing Manufacturing Data And Higher Interest Rates - 12 hours 6 min ago



Draghi Worries About U.S. Protectionism as Euro Area Strengthens
Bloomberg - 7 hours 59 min ago
Mario Draghi has become the latest European policy maker to tell the U.S. that it might be heading down the wrong path on trade.



How some airlines are turning aircraft into flying art projects
CNBC - 8 hours 41 min ago
Airlines sometimes decorate planes with limited edition themes to mark a special occasion.
RELATED:
AP - Get ready for busy travel season; airlines could set record - 21 hours 11 min ago
COMMENTARY:
BusinessInsider - Here's how much room you get on each of America's airlines (AAL, DAL, UAL, LUV, JBLU, ALK) - 9 hours 9 min ago
Fox Business - Get ready for busy travel season; airlines could set record - 21 hours 36 min ago



Kushner was asked to ‘lay low’ after Russia-related reports, source says
CNBC - 8 hours 54 min ago
President Donald Trump is once again facing down controversy, and it's hitting close to home, NBC reports.
RELATED:
Indiatimes - Donald Trump dismisses 'fabricated' report of son-in-law's outreach to Russia - 21 hours 11 min ago



After Technical Chaos, British Airways Looks to Restore Schedule
New York Times - 9 hours 30 min ago
The airline said it was running most flights as normal, but the weekend disruption has resulted in tense scenes at London’s two biggest airports in particular.
RELATED:
Reuters - With flights back in the skies, British Airways must now repair damaged reputation - 11 hours 6 min ago
CNN - Computer meltdown may cost British Airways over $100 million - 13 hours 54 min ago
Indiatimes - British Airways IT crash: Passengers face third day of disruption - 19 hours 11 min ago
COMMENTARY:
The Economist - A computer failure at British Airways causes chaos - 14 hours 34 min ago
VIDEO:
CNN Video - British Airways' costly computer system crash - 11 hours 48 min ago



India needs more jobs for women to boost growth: World Bank
Indiatimes - 10 hours 41 min ago
A World Bank report said just 27% of Indian women were working or actively looking for a job, a matter of "serious concern" that was holding back economic growth.
VIDEO:
CNN Video - Medicaid cut could put jobs in Kentucky at risk - 4 hours 44 min ago



Warren Buffett takes 3 per cent stake in Germany's Lanxess
Indiatimes - 11 hours 41 min ago
In a regulatory filing, Lanxess said that Berkshire Hathaway's General Reinsurance unit took a stake of just over 3 percent on May 19.



RBS investor group accepts offer to end lawsuit over 2008 cash call
Reuters - 11 hours 54 min ago
LONDON (Reuters) - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.
RELATED:
BBC - RBS reaches settlement with disgruntled shareholders - 15 hours 16 min ago
COMMENTARY:
The Guardian - RBS: investors urged to settle case with bailed-out bank - 11 hours 17 min ago



ECB waiting for new data but overall extraordinary monetary policy needs to stay
CNBC - 12 hours 31 min ago
The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy.
VIDEO:
CNBC Video - Too early for ECB to consider tapering its asset purchase programmes: Pro - 1 hour 41 min ago



Arun Jaitley to visit Paris next week, sign OECD pact on tax evasion
Indiatimes - 14 hours 11 min ago
During his three-day visit beginning June 7, Jaitley will also attend the OECD Ministerial Council meeting, in which ministers from the OECD and partner countries will discuss issues of global relevance.



India to grow at 7.2% in 2017-18: World Bank
Indiatimes - 14 hours 11 min ago
In its bi-annual economic India Development Update, the World Bank said the growth will accelerate to 7.2 per cent from 6.8 per cent in 2016-17.



Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%
CNBC - 15 hours 1 min ago
Bitcoin experts still see the price rallying after the correction.
RELATED:
CNBC - Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset - 18 hours 35 min ago
COMMENTARY:
Seeking Alpha - Bitcoin: Buy This 'Crash' - 6 hours 39 min ago
Zero Hedge - One Professional Investor's Take On Bitcoin - 8 hours 11 min ago



China's slam dunk 'sharing economy' booms, but can it last?
Reuters - 16 hours 27 min ago
BEIJING (Reuters) - Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?



India seen staying fastest growing major economy in January-March quarter: Poll
Indiatimes - 17 hours 41 min ago
PM Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered.
VIDEO:
CNBC Video - India's Q1 GDP print expected at 7.5%, says Moody's Analytics - 1 hour 58 min ago



Fake Media preventing Americans from hearing real story: Donald Trump
Indiatimes - 19 hours 11 min ago
US President Donald Trump has alleged that the "fake media" does not want him to use the social media to prevent Americans from hearing the real story.
RELATED:
Indiatimes - Media says Donald Trump will pull US out of Paris accord - 20 hours 11 min ago
COMMENTARY:
LA Times - Trump tweets: Says media 'works hard at disparaging' his social media use - 23 hours 11 min ago



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