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South Korea rejects Japan media reports on transfer of material to North Korea

South Korea on Tuesday denied accusations in Japanese media that it had transported Japanese high-tech material to North Korea, calling for an immediate halt to such comments.



4 years ago

Bitcoin near two-week highs, fueled by hopes for Facebook's Libra

Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9% overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin.



4 years ago

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts begin

Deutsche Bank AG eliminated whole teams at its Asian operations on Monday, as the German lender began axing 18,000 jobs globally in one of the biggest overhauls at an investment bank since the aftermath of the financial crisis.



4 years ago

Hedge funds chart course through 'IMO 2020' storm

Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels.



4 years ago

Asian shares stumble as bets off on sharp U.S. rate cuts

Asian shares were a sea of red on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence.



4 years ago

China refiners curb fuel output after massive new plants stoke glut

China's fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from the world's biggest importer of the commodity.



4 years ago

British Airways faces $230 million fine over data theft

British Airways owner IAG said on Monday the UK Information Commissioner's Office (ICO) intends to impose a penalty of 183.4 million pounds ($229.8 million) for the theft of customer data from the airline's website last year.



4 years ago

Deutsche Bank shares rise pre-market as 18,000 global job cuts begin

Deutsche Bank shares rose in pre-market trade on Monday as the German lender eliminated whole teams at its Asian operations, starting to ax 18,000 jobs globally in one of the biggest overhauls at an investment bank since the aftermath of the financial crisis.



4 years ago

U.S. Fed easing could prompt first China rate cut in four years: analysts

China's central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy.



4 years ago

VW to deepen alliances with battery suppliers for electric push

Volkswagen will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters.



4 years ago

Deutsche Bank shares rise after shake-up to cut 18,000 jobs

Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia.



4 years ago

Fed easing could prompt first China rate cut in four years - analysts

China's central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy.



4 years ago

Factbox: What Deutsche bankers are saying about the 18,000 global job cuts

Whole teams within Deutsche Bank AG have been told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.



4 years ago

British Airways faces record $230 million fine over data theft

British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).



4 years ago

Russia plans to make 200 more Sukhoi jets despite crash: minister

Russia plans to produce at least another 200 Sukhoi Superjet 100 aircraft, Industry Minister Denis Manturov told Reuters, despite a fatal crash that raised questions about the future of the country's first new passenger jet since the Soviet Union.



4 years ago