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BUSINESS HEADLINES
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› Swedish regulator delays Swedbank money-laundering probe report
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months. |
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› Huawei says impact of U.S. trade restrictions less than feared
Chinese smartphone maker Huawei Technologies said on Friday its business has been less impacted by U.S. trade restrictions than the company had initially feared and it is "fully prepared" to live and work with U.S. sanctions. |
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› Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said. |
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› Deutsche Bank to transfer up to 800 to BNP in prime brokerage deal: source
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday. |
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› Tesla in advanced talks with LG Chem on battery supply in China: source
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said. |
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› Stocks, dollar climb before Powell's Jackson Hole speech
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. |
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› UBS taps BoE adviser van Steenis for sustainable finance, IR roles
UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland's largest bank, it said on Friday. |
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› China blames Canada for difficulties in relationship, demands Huawei executive be freed
China's embassy in Canada said on Thursday that bilateral ties were suffering "gross difficulties," and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou. |
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› Pompeo tells Trudeau U.S. focused on release of two Canadians in China
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year. |
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› Hong Kong unions urge Cathay Pacific to end 'white terror'
Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to "all forms of white terror", trade unions in the Chinese-ruled city said on Friday. |
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› Seeking clarity from Fed's Powell? Good luck with that
When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this year. |
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› UK competition watchdog reprimands RBS, Santander over PPI procedures
Britain's competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers who have payment protection insurance (PPI), amid a mis-selling scandal over the policies. |
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