Reuters Before the Bell: Swedbank sacks CEO after money laundering allegations

Click to View in Browser Thursday, March 28, 2019 Swedbank sacks CEO after money laundering allegations Swedbank dismissed Chief Executive Birgitte Bonnesen on Thursday just before its annual shareholder meeting, after mounting investor criticism over allegations the bank was involved in money laundering in the Baltics. Sony to close smartphone plant in China to cut costs Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in an attempt to make the money-losing handset business profitable from next year. Exclusive: U.S.-hired firm audits Russia's Rusal for compliance with sanctions deal A firm hired by the U.S. Treasury Department is auditing Russian aluminum giant Rusal to check whether it is complying with the terms of a deal under which Washington agreed to lift sanctions on the company, Rusal said. Exclusive: China makes unprecedented proposals on tech, trade talks progress - U.S. officials China has made unprecedented proposals in talks with the United States on a range of issues including forced technology transfer as the two sides work to overcome remaining obstacles to a deal to end their protracted trade war, U.S. officials told Reuters on Wednesday. Lyft raises IPO price target as investor fret over missing out Lyft Inc on Wednesday raised the price range for its initial public offering, as investors looked past the ride-hailing startup's mounting losses to the company's growing market share against larger rival Uber Technologies Inc. Swedbank says has been truthful over money laundering probes Swedbank believes it has been honest with authorities looking into allegations that accounts at the bank may have been used for money laundering, its chairman said on Thursday. Bayer shares sag after U.S. jury verdict in Roundup cancer trial Shares in Bayer hit an almost 7-year low on Thursday after a U.S. jury awarded $80 million to a man claiming use of the group's weed killer Roundup caused his cancer, with thousands of similar lawsuits looming. Goldman Sachs fined $45 million by UK watchdog for reporting failures Britain's markets watchdog said on Thursday it had fined Goldman Sachs International a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade. WWE's next battle royale: Investor fans vs. shorts A brawl between World Wrestling Entertainment Inc's bears and bulls could reach a peak this year as the company renegotiates overseas contracts. Bond yields on the canvas, Turkey's lira on the ropes Global bond yields continued to spiral lower on Thursday as recession fears fed expectations of more policy easing by major central banks, while Turkey's lira took a 5 percent beating as pressure ratcheted up on its volatile markets again. Related Video Boeing unveils software upgrade for 737 MAX Facebook bans white nationalism, separatism Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook