News

U.S. sues JPMorgan for alleged mortgage discrimination

The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

Wall Street opens little changed

U.S. stocks opened little changed on Wednesday as investors assessed economic data and the last of big bank earnings, while awaiting Federal Reserve Chair Janet Yellen's speech.

Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages

Deutsche Bank (DBKGn.DE) (DB.N) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.

Mexico to lure undeclared cash with lower repatriation tax: decree draft

Jan 17 Seeking to boost its paltry tax take, Mexico's government will offer those holding undeclared capital abroad a lower tax to repatriate it and invest it at home, a draft of the decree obtained by Reuters showed on Tuesday.

Britain will leave EU single market as May sets aim for 'hard Brexit'

Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world's largest trading bloc.

Britain to leave EU market as May sets 'hard Brexit' course

When leaving the European Union, Britain will also leave a market of 500 million people. After this, Britain will establish its own free trade deals.

Wall Street falls with financials, other post-election gainers

US stocks fell due to protectionist trade policies planned by Trump, the concerns pushed the dollar to its lowest in more than a month

Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

Wal-Mart will create 10,000 jobs this year and GM will add 1,500 U.S. jobs, Trump congratulated both companies with a tweet.

BAT agrees to buy Reynolds for $49 billion

BAT has agreed a $49.4 billion takeover of Reynolds, creating the world's biggest tobacco company, the deal will mark the return of BAT to the U.S. market after 12 years

Dollar dips on Trump comments; sterling heads for biggest rise since 2008

Donald Trump states that the strong dollar is killing US companies when trying to compete with China. The dollar fell because of his comments.

Fraudsters use counterfeit UK charity appeals to steal money via social media, emails

Scammers have been tricking british people and companies, they have been using fake charity appeals related with supporting migrants or animal welfare

New Zealand presses Gulf states to finalize stalled trade deal

GCC is considered as one of the most important trading partners of New Zealand. Therefore, the New Zeland trading minister Todd McClay has taken initiative to finalize the deal with GCC.

Exxon boosts Permian basin holding in deal worth up to $6.6 billion

Exxon Mobil Corp (XOM.N) said it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion.

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