U.S. embassy in Sweden asks financial watchdog for meeting on Swedbank

FILE PHOTO: A woman walks past a Swedbank branch in Riga October 21, 2014. REUTERS/Ints Kalnins/File Photo STOCKHOLM (Reuters) – The U.S. embassy in Sweden has asked the domestic watchdog FI for a meeting to discuss allegations of Swedbank’s involvement in a Baltic money-laundering scandal, raising concerns that U.S. authorities might be mulling a probe […]

Asia shares inch up, dollar near three-week low after Powell comments

TOKYO (Reuters) – Asian shares inched towards a five-month high on Wednesday and the dollar hovered near a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s shift to a more “patient” approach on policy in the face of a slowing economy. FILE PHOTO : A man is reflected on an […]

Warren Buffett says Berkshire overpaid for Kraft Heinz

(Reuters) – Warren Buffett said on Monday that his company Berkshire Hathaway Inc overpaid in the merger that created Kraft Heinz Co. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo Berkshire and […]

U.S., China sprint to seal deal ahead of Trump's deadline

WASHINGTON (Reuters) – U.S. and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and avoid an escalation of the tit-for-tat tariffs that have already disrupted global commerce, slowed the world economy and roiled financial markets. U.S. President Donald Trump meets with Chinese Vice Premier Liu He in the Oval […]

UBS to stick to dividend, capital returns plan after French verdict

FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo LONDON (Reuters) – UBS plans to stick to its proposed dividend for 2018 despite a 4.5 billion euro ($5.10 billion) hit from a French tax ruling that the bank has appealed, CEO Sergio Ermotti […]