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February 28, 2020
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Aramco secures unconditional EU okay for $69 billion SABIC deal

Reuters
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco has gained unconditional......
Reuters - Business

London Stock Exchange on track to close Refinitiv deal as income jumps

Reuters
The London Stock Exchange Group (LSE.L) said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported higher-than-expected annual income, driven a jump in clearing activity. The Refinitiv logo is seen on a screen in offices in Canary Wharf in......
Reuters - Business

SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

Reuters
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011./File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co (WFC.N) to pay $35 million to settle charges it......
Reuters - Business

Taxi group wins right to join Uber’s London license appeal case

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – A taxi trade association will be able to participate in Uber’s appeal......
Reuters - Business

Waymo joins backlash against California self-driving data requirement

Reuters
(Reuters) – Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress. FILE PHOTO: A Waymo self-driving vehicle is parked outside the Alphabet company’s......
Reuters - Business

Three U.S. Senate Democrats propose sweeping reforms after Boeing 737 MAX crashes

Reuters
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people. FILE PHOTO: Employees walk past a Boeing 737 Max aircraft at Boeing’s 737 Max production facility......
Reuters - Business

EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

Reuters
FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo BRUSSELS (Reuters) – EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s (ESLX.PA) 7.2 billion-euro ($7.8 billion) bid for Dutch opticians......
Reuters - Business

UBS, Credit Suisse’s emergency plans are effective: financial watchdog

Reuters
ZURICH (Reuters) – The emergency plans of UBS (UBSG.S) and Credit Suisse (CSGN.S) to deal with a financial crisis are effective, Switzerland’s regulator FINMA said on Tuesday. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 27, 2017. REUTERS/Arnd Wiegmann The......
Reuters - Business

Canceled Teck oil sands project underscores global climate-energy policy tension

Reuters
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental concerns. FILE PHOTO: Visitors pass a logo of Teck Resources Ltd......
Reuters - Business

Boeing finds debris in fuel tanks of many undelivered 737 MAX jets

Reuters
(Reuters) – Boeing Co (BA.N) has found debris in the fuel tanks of dozens of undelivered 737 MAX jets amid ongoing inspections as the Chicago-based planemaker struggles to restore the trust of airlines and the wider public in the grounded fleet. FILE PHOTO: An employee works on a Boeing 737......
Reuters - Business

U.S. Treasury’s Mnuchin: Tax certainty needed on global basis

Reuters
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President’s FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo/File Photo RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to......
Reuters - Business

Federal prosecutors probing if Boeing pilot knowingly lied to FAA: NYT

Reuters
(Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported, citing two people familiar with the matter. FILE PHOTO: Grounded Boeing 737 MAX aircraft are......
Reuters - Business

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

Reuters
WASHINGTON (Reuters) – Wells Fargo & Co (WFC.N) will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank. FILE PHOTO:......
Reuters - Business

Wells Fargo to pay $3 billion to U.S. authorities to resolve probe into fake accounts

Reuters
WASHINGTON (Reuters) – Wells Fargo & Co (WFC.N) and one of its units will pay $3 billion to resolve criminal and civil probes into years of fraudulent sales practices, U.S. authorities said on Friday, wrapping up one of the last one major investigations looming over the bank. FILE PHOTO: A......
Reuters - Business

Factbox: Remaining hurdles for scandal-hit Wells Fargo

Reuters
FILE PHOTO: An 1860’s era stagecoach is displayed at the Wells Fargo & Co. bank in downtown Denver, Colorado, U.S. April 13, 2016. REUTERS/Rick Wilking/File Photo (Reuters) – Wells Fargo & Co (WFC.N) has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016,......
Reuters - Business

Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

Reuters
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was......
Reuters - Business

Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources

Reuters
FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco (2222.SE) is set......
Reuters - Business

Tesla resumes tree cutting in Germany to build Gigafactory

Reuters
FRANKFURT (Reuters) – Tesla Inc said it had resumed tree cutting in Gruenheide, Germany so it can construct its first European car and battery factory following moves by environmentalists to stop local deforestation. FILE PHOTO: Logged trees are seen, after a court ordered to stop clearing forest land for a......
Reuters - Business

China firms in $10 billion share sale rush as funding rules eased amid virus worries

Reuters
SHANGHAI (Reuters) – Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus. FILE PHOTO: A woman wearing a face mask crosses......
Reuters - Business

Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official

Reuters
WASHINGTON (Reuters) – The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday. FILE PHOTO: A truck carrying containers are seen......

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