said-on-sunday

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

said-on-sunday

Germany says Tesla should not use ‘Autopilot’ in advertising

German Transport Minister Alexander Dobrindt has asked Tesla to stop advertising its electric vehicles as having an Autopilot function as this might suggest drivers' attention is not needed, his ministry said on Sunday. A spokeswoman for the ministry, confirming a report in the daily Bild am Sonntag (BamS), said the Federal Motor Transport Authority (KBA) had written to Tesla to make the request. “It can be confirmed that a letter …

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Germany says Tesla should not use ‘Autopilot’ in advertising

said-on-sunday

Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO

The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, …

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Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO

said-on-sunday

Fed’s Fischer says job gains solid, expects growth to pick up

Job gains in the United States remain solid and growth should pick up in the second half of the year, Fed Vice Chair Stanley Fischer said on Sunday in remarks that indicate the central bank remains on track for a December rate increase. The United States is “close to full employment,” Fischer said in remarks prepared for delivery to the Group of 30, a panel of current and former central bankers, regulators and academic economists, during the annual meetings of the International Monetary…

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Fed’s Fischer says job gains solid, expects growth to pick up

said-on-sunday

UBS chief says Swiss government is leaving banks exposed

Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday. Since the financial crisis, cash-strapped governments around the world have clamped down on tax evasion, with authorities investigating Swiss banks in Germany, France and the United States. “This is unacceptable and opens the door for a new offensive against Swiss banks,” he told the paper, adding that the government…

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UBS chief says Swiss government is leaving banks exposed

said-on-sunday

G20 seeks to enhance trade growth in face of protectionism: China

In the face of a “worrying” rise in protectionism, trade ministers from the world's major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China's Commerce Minister…

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G20 seeks to enhance trade growth in face of protectionism: China

said-on-sunday

Boeing exec opposes Iran licenses for others if its deal blocked

The head of Boeing Commercial Airplanes said on Sunday that U.S. suppliers to Europe's Airbus and other planemakers should not be able to get licenses to sell their wares to Iran if Boeing is blocked from completing a $25 billion deal …

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Boeing exec opposes Iran licenses for others if its deal blocked

said-on-sunday

Exiled tycoon Mallya: India wrong to sequester some assets in graft case

Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case. The Enforcement Directorate (ED) tweeted on Saturday that it had “attached” properties worth 14.11 billion Indian rupees ($210.78 million) in the case involving a loan from state-owned IDBI Bank

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

said-on-sunday

China’s yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank, said in a statement that by expanding its network offshore, it aims to serve more overseas institutions and become a “main trading platform and pricing center” for the yuan globally. China has been gradually loosening its capital controls to allow …

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China’s yuan trade system to open branches in London, New York

said-on-sunday

Data analysis from Paris raid on Google will take months, possibly years: prosecutor

By Chine Labbé PARIS (Reuters) – Analysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday. Dozens of French police raided Google's offices on Tuesday, escalating an investigation over suspected tax evasion. “We have collected a lot of computer data,” Houlette said in an interview with Europe 1 radio, TV channel iTele and newspaper Le Monde, adding that 96 people took part in the raid.

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Data analysis from Paris raid on Google will take months, possibly years: prosecutor

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