Category: Money

China Seeks Wto Backing For 7 Billion Sanctions On Us Over Dumping Duties

GENEVA – China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for...

German Consumer Protection Body To Present Class Action Against Vw

BERLIN – German consumer protection association vzbz said on Tuesday it would, along with auto club ADAC, on Wednesday present a class action against Volkswagen...

Former Volkswagen Boss Dragged Feet On Dieselgate Judge

BRAUNSCHWEIG, Germany – Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages...

Rebuilding Lives 10 Years After Lehmans Fall

LONDON – It is an image that became a symbol of the global financial crisis — about 20 bankers, their backs turned to the window, attending an emergency...

Wall Street Opens Lower As Trade Jitters Weigh

– U.S. stocks opened lower on Tuesday, weighed down by fears over the escalating trade spat between the United States and China. The Dow Jones Industrial Average...

Hsbc Whistleblower Defends Tax Leak As He Fights Extradition

MADRID – A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s (HSBA.L) private bank there said on...

Ten Years After Lehman Spotting The Next Crisis Mcgeever

LONDON – As financial market participants reflect on the 10th anniversary of Lehman Brothers’ collapse, the consensus is there will be no repeat of the...

Jpmorgan To Create Wealth Management Unit In Luxembourg

– JPMorgan Chase & Co (JPM.N) said on Tuesday it will establish a wealth management business in Luxembourg and boost offerings at its investment banking and...

Ing Cfo Steps Down As Backlash Grows After 900 Million Money Laundering Fine

AMSTERDAM – ING Groep’s (INGA.AS) Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for...

Unilever Details Plans For December Listing Of New Dutch Entity

LONDON – Consumer goods giant Unilever (ULVR.L) (UNc.AS) laid out details on Tuesday for the planned December listing of its new Dutch entity, which has sparked...