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The Panama Papers committee of the European Parliament  wants to speak to Nationalist MPs Tonio Fenech and Beppe Fenech Adami, the Times of Malta has learnt. Although widely known as the Panama Papers committee, it has a wider remit, which includes investigating alleged breaches of money- laundering, tax-avoidance and tax-evasion rules across the EU. The committee will pay a fact-finding visit to Malta next month. Last year, […]

Thursday 02.10 GMT Overview Asian equities regained upward momentum after comments from Federal Reserve chair Janet Yellen gave wings to a broad recovery for the dollar, weakening regional currencies. Hot topic The dollar index, which measures the US currency against a basket of peers, was up 0.4 per cent after the Fed chair warned that if the US waited too long to continue raising rates, it risked […]

By Lisa Richwine and Anya George Tharakan Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading. Netflix signed up 7.1 million new subscribers globally, far more than the 5.2 million analysts had expected, according to research firm FactSet, […]

US financial stocks have come under pressure since the start the year, denting a sharp rise that began after the election, in the latest sign that the Trump trade has begun to run out of steam. The S&P 500 financial sector has fallen 1.1 per cent since the end of 2016, bucking the broader index that has risen by 1.4 per cent. While the financial index was […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar. In Asia, MSCI’s ex-Japan Asia-Pacific shares index .MIAPJ0000PUS rose 0.3 percent, just shy of a three-month high hit last Thursday. Stock markets in Hong Kong .HSI and China .SSEC led the gains. “Trump’s […]

Wednesday 02:20 GMT Overview Currency movements once again dominated trading in Asia as markets reacted to UK Prime Minister Theresa May’s Brexit blueprint and unexpected criticism of the dollar’s strength from US president-elect Donald Trump. Hot topic The dollar index, which measures the US currency against a basket of peers, was up 0.1 per cent at 100.470. It fell 0.8 per cent on Tuesday after comments from […]

Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, sees investment opportunities in China’s fixed income and real estate markets, as well as smaller Chinese companies, its managing director told China Finance. ADIA, which has been investing in China for 25 years, has its largest exposure in listed equities, including a $2.5 billion allocation to the China A market, which lists shares denominated […]

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The US has sued Qualcomm over the way it licenses its technology for mobile phones, hitting at the business that generates most of the US chip company’s profits. The case follows an investigation begun in 2014, but which was accelerated in recent weeks as the Federal Trade Commission moved towards filing a high-profile antitrust case just days before a new administration takes control in Washington. Qualcomm’s shares […]

As we observed in yesterday morning’s market wrap, while US market were taking the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets. During Monday trading, having traded quietly lower for the past few days, Chinese stocks tumbled in early trading on the mainland and in Hong Kong’s offshore market amid weakness in Asian equities. The Shanghai Composite Index […]

By Caroline Valetkevitch | NEW YORK NEW YORK U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index .NBI was down […]

Computers have long helped us with our analytic tasks at work. But new technology options mean we can now work with them in more collaborative and intuitive ways. At one level, this is nothing new: computers have been making business decisions for a long time. For example, people used to decide how much airline seats should cost or whether a credit card transaction was fraudulent. Computers now […]

By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]

Nearly everyone who’s played Super Mario Bros. knows instinctively what the first level looks like. Mario is left-of-center, he moves to the right, the screen pans around the platform, there’s the first question block — gleaming subtly, which is important, but more on that later — and then a goomba trundles toward Mario. This point in the game is crucial. The player either loses a life upon […]

Atlas Copco is to split itself in two and appoint a new chief executive as Sweden’s largest industrial group tries to boost shareholder value.  The Wallenberg-backed company is hoping to spin off its mining and construction tools business after a tough period following the slump in commodities market. That would leave the existing Atlas Copco to focus on compressors, vacuum technology and its big service business, which […]

Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]

Investors in Fiat, the carmaker under investigation for violating emissions laws, have been accused of ignoring clear signs of corporate governance failings at the Italian-US business. Fiat Chrysler’s share price fell 16 per cent on Thursday immediately after the US environmental watchdog warned the company could face a fine of up to $4.6bn. It is accused of breaking emissions laws in 104,000 diesel vehicles. The US regulator […]

PARIS A judicial investigation into diesel emissions testing in France could widen beyond Renault after tests showed other carmakers had exceeded the authorized levels, the French environment minister said on Sunday, without elaborating. Shares in Renault fell more than 4 percent to their lowest level in around a month on Friday after a source at the Paris prosecutor’s office said it had launched a judicial probe into […]

PARIS/MILAN European carmakers were drawn into a widening probe of diesel emissions testing on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen’s VOW_p.DE admission that some of its diesel vehicles were fitted with software designed to hide their true level of emissions has highlighted that most cars spew out far higher levels of health-threatening nitrogen oxide (NOx) in […]

By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]

By Sinead Carew and Lewis Krauskopf | NEW YORK NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. (WFC.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) kicked off […]

Wells Fargo has laid down plans to close at least 400 branches over the next two years as part of a push to cut costs as the US bank tries to recover from the scandal over sham accounts. The San Francisco-based lender, which operates more than 6,000 branches across the country, is accelerating closures as it aims to reduce about $2bn in expenses by the end of […]

More than 15 million people now follow Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai on social media platforms, it has been announced. The number of followers on Twitter has reached 7.2 million, while he has 3.3 million followers on Facebook, 2.1 million on Instagram and 950,000 on Google Plus, news agency WAM reported. It said Sheikh Mohammed’s followers on LinkedIn […]

By Karen Freifeld | NEW YORK NEW YORK Moody’s Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, […]

Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]

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