Monday, 18 March 2019

Daily Investor Update: U.S. judge says Rio Tinto must face SEC fraud case

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U.S. judge says Rio Tinto must face SEC fraud case

A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.

CEO steps down as Warner Bros probes his role in helping actress

Kevin Tsujihara has resigned as the head of Warner Bros as one of Hollywood's most powerful studios investigates a report that he improperly helped an actress obtain roles at the studio.

Former UAW vice president charged in U.S. corruption probe

U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other union officials.

Ethiopia and Indonesia crash parallels heap pressure on Boeing

Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker.

Canada re-examining MAX approval after FAA certification probe

Transport Canada is re-examining the validation it gave Boeing Co's 737 MAX jets, following reports of a U.S. probe into the aircraft's certification by the Federal Aviation Administration (FAA), Canadian Transport Minister Marc Garneau said on Monday.

Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel's office and top shareholders on Monday after confirming merger talks.

Top Wall Street banks working on Deutsche-Commerzbank merger: sources

Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday.

Deutsche, Commerzbank talks private commercial decision: SPD leader

Merger talks between Deutsche Bank and its smaller rival Commerzbank are a private commercial decision, the leader of the German centre-left SPD party, Andrea Nahles, said on Monday.

German lawmakers challenge deputy finance minister's Goldman link in bank merger

German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs on Monday, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank.

What we know about Boeing 737 MAX crash and what comes next

More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.

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