 | | | | Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. | | | | | | Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, being filed with the government. | | | | | | Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady ahead of fresh insight on the Federal Reserve policies. | | | | | | U.S. stocks slid on Monday as the White House's restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. | | | | | | U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged U.S. President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China. | | | | | | T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission on Monday, in a big step toward the deal's approval. | | | | | | The U.S. Department of Justice is leaning against approving T-Mobile US Inc's proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported on Monday, citing a person familiar with the review. | | | | | | Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. | | | | | | Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. | | | | | | British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday. | | | | | |
