Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman-elect, entrusting the former Australia and New Zealand Banking Group boss to help steer it through the fallout of a massive money-laundering scandal.
Prosecutors in Canada on Wednesday proposed a US$196.5 million (CAD) (US$258.3 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed.
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.
Angola's public prosecutors named former first daughter Isabel dos Santos as a formal suspect on Wednesday over alleged mismanagement and misappropriation of funds during her time as chairwoman of state oil company Sonangol, Portuguese news agency Lusa said.
LONDON/BEIRUT: Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems. The heavily indebted country faces hefty bond repayments coming up in March and April ......
U.S. stocks are headed higher, although a 10per cent correction is "long overdue", Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday.
The number of oil company bankruptcies rose 50per cent in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.
WASHINGTON: US home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued strong ......
Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.
Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.
