Wednesday 20 November 2019

Halkbank seeks to challenge U.S. jurisdiction before entering plea to charges

Halkbank seeks to challenge U.S. jurisdiction before entering plea to charges

Turkey's state-owned Halkbank , which U.S. prosecutors have criminally charged with helping Iran evade sanctions, said it should be able to challenge whether U.S. courts can hear the case at all before it entered a formal plea, according to a court filing made public on Wednesday.

Shares slide on U.S.-China spat over Hong Kong, dollar gains

Global stock markets stumbled and the dollar gained on Wednesday after China blasted a U.S. Senate bill aimed at protecting human rights in Hong Kong, the latest obstacle to easing tensions in a prolonged Sino-U.S. trade war that has dented growth worldwide.

Wall Street falls on concerns about U.S.-China trade deal progress

Wall Street's main indexes ended Wednesday's session lower on concerns that a "phase one" trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve's October policy meeting appeared to offer little help.

Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid from $120 per share to close to $130 per share, people familiar with the matter said on Wednesday.

Ukraine widens probe against Burisma founder to embezzlement of state funds

Ukraine has widened its investigation into the founder of energy company Burisma to include suspicion of embezzling state funds, Prosecutor General Ruslan Ryaboshapka said on Wednesday.

U.S. lawmakers question Google about collection of health records

U.S. Presidential candidate Elizabeth Warren along with fellow Senators Richard Blumenthal and Bill Cassidy wrote a letter to Alphabet's Google on Wednesday to raise questions about its access to the health records of tens of millions of Americans.

Target sets upbeat holiday sales tone with raised forecast, shares surge

Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 14%.

Charity to pay $4 million to resolve U.S. pharma kickback probe

A Florida-based charity will pay $4 million to resolve claims that it acted as a conduit for companies including Biogen Inc and Novartis AG to pay kickbacks to Medicare patients using their high-priced multiple sclerosis drugs, the U.S. Justice Department said on Wednesday.

PayPal to buy rewards platform Honey Science for $4 billion

Payment processor PayPal Holdings Inc said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion.

GM sues Fiat Chrysler, alleging union bribes cost it billions

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars.

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