Monday 10 December 2018

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve.

Wall St. ends choppy day higher; tech helps, Brexit weighs

Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth.

Exclusive: Nissan, Ghosn clash over Rio apartment filled with art, cash - filing

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker.

Global stock decline on growth, Brexit worries; Wall St. gains

A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.S.-China trade spat, but was off early lows as U.S. stocks turned positive.

Executive of China's Huawei asks for bail in U.S. extradition case

A Canadian provincial court in Vancouver on Monday weighed whether to grant bail in an extradition case to a top executive of China's Huawei Technologies [HWT.UL] following her arrest at the request of the United States.

U.S. says March 1 'hard deadline' for trade deal with China

Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers.

Fed seen slowing, or even stopping, rate hikes next year

The Federal Reserve's plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction.

NZ's Restaurant Brands signs deal to expand Taco Bell in NZ, Australia

Fast-food group Restaurant Brands New Zealand Ltd inked a deal to expand "Tex-Mex" food chain Taco Bell's brand in New Zealand and in Australia's New South Wales, the company said on Tuesday.

Bayer CEO says has not had contact with activist investor Elliott

Bayer Chief Executive Werner Baumann said on Monday he has not had any contact with Elliott Management, following a Reuters report which said the U.S.-based activist investor had taken a position in the German pharmaceuticals giant.

China ruling could ban some Apple iPhones sales amid Qualcomm fight

Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the sale of several older Apple Inc iPhone models in China due to two patent violations around software features, though Apple said its phones remain available in the country.

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