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U.K.'s May Leads Emergency Meeting on Gulf Shipping Security

(Bloomberg) — Prime Minister Theresa May is leading a meeting of the U.K.’s emergency committee to discuss the security of shipping in the Persian Gulf, after Iran seized a British oil tanker in the Strait of Hormuz last week.May and the committee of top officials and ministers, dubbed …

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U.K.'s May Leads Emergency Meeting on Gulf Shipping Security

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UBS hopes Trump-led rally will help boost wealth management

UBS hopes a Donald Trump-inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit. With profit from its core wealth management business under pressure, the bank pointed to growing investor confidence in the United States towards the end of 2016 as a …

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UBS hopes Trump-led rally will help boost wealth management

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Microsoft profit up as demand for cloud service soars

Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Since taking charge in 2014, Chief Executive Satya Nadella has…

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Microsoft profit up as demand for cloud service soars

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Pacific rim leaders eye China lead on trade after Trump win

By Rosalba O'Brien and Teresa Cespedes LIMA (Reuters) – Leaders of Pacific rim nations gathered in Peru on Friday, looking to China to salvage hopes for regional trade as prospects of a Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP) free trade pact. Discussions between the 21 members of the Asia…

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Pacific rim leaders eye China lead on trade after Trump win

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Can Trump make coal great again? At least some companies think so

By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic…

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Can Trump make coal great again? At least some companies think so

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and revoked Wells Fargo & Co's right to shield the pay of former executives after a phony-

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

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Shell faces possible Dutch lawsuit over Nigerian activist’s execution

The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show. Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers…

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Shell faces possible Dutch lawsuit over Nigerian activist’s execution

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Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung

Roughly 15 Swiss banks are in a “red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday. Swiss federal prosecutors …

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Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung

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UK opens corruption probe into Airbus jet sales

Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday. A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker on the use of third-party intermediaries during jet sale negotiations. The agency, UK Export Finance, had said it was referring the discrepancies to the SFO, which would decide whether to launch a criminal investigation.

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UK opens corruption probe into Airbus jet sales

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Corporate raiders seek Brexit bargains in Britain

By Pamela Barbaglia and Freya Berry LONDON (Reuters) – Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain…

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Corporate raiders seek Brexit bargains in Britain

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