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Germany financial watchdog slaps JPMorgan with $52 million fine

FRANKFURT (Reuters) -Germany's financial watchdog BaFin has imposed its largest-ever fine of 45 million euros ($52.5 million) on Frankfurt-based JPMorgan SE for deficiencies in money-laundering prevention. BaFin said on Thursday that JPMorgan had "systematically" filed so-called suspicious activity reports late in the period from October ...
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Nissan posts double-digit rise in quarterly operating profit

YOKOHAMA, Japan (Reuters) -Nissan Motor posted a 61% rise in second-quarter operating profit from a year earlier on Thursday as efforts to reduce fixed costs as part of its turnaround plan helped it avoid a loss. Nissan booked a 51.5 billion yen ($341.56 million) profit ...
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COFCO held soybean procurement signing ceremony, association official tells US-China forum

By Casey Hall SHANGHAI (Reuters) -China's state-owned COFCO held a soybean procurement signing ceremony on Thursday morning, the head of a Chinese agriculture business association told a U.S.-China forum. Cao Derong, the president of the China Chamber of Commerce for the Import and Export of Foodstuffs, ...
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China’s exports seen slowing in October as front-loading against U.S. tariffs eases: Reuters poll

BEIJING (Reuters) -China's export growth probably slowed in October, as overseas orders tapered off following months of front-loading to beat U.S. President Donald Trump's tariffs, and as buyers watched to see how a volatile month in U.S.-China trade ties would develop. Traders and investors on ...
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Exclusive – China buys two cargoes of US wheat after leaders’ meeting, traders say

BEIJING (Reuters) -China has purchased two cargoes of U.S. wheat totalling around 120,000 tons for December shipment following last week's meeting between the two countries' leaders, two traders told Reuters on Thursday. The purchases include one cargo of U.S. soft white wheat and one of ...
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Morning Bid: Spotlight on knife-edge BoE decision

A look at the day ahead in European and global markets from Rae Wee The Bank of England announces its interest rate decision on Thursday, where what had once seemed like a straightforward hold is now under intense scrutiny. Markets are pricing in an almost one-in-three ...
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Volvo Cars targets operating profit margin above 8% in strategy revamp

STOCKHOLM (Reuters) -Volvo Cars said on Thursday that it was targeting a long-term operating profit margin of over 8% in a strategy overhaul, deepening its cooperation with majority owner Geely to cut costs and enable a strong positive cash flow. The Swedish automaker last year ...
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Asian shares advance after solid earnings and economic reports updates lift Wall Street

BANGKOK (AP) - Shares bounced back Thursday in Asia after Wall Street got a boost from upbeat economic updates and a steady flow of quarterly reports from U.S. companies. U.S. futures were little changed and oil prices advanced. In Tokyo, the Nikkei 225 gained ...
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One Tech Tip: Modern cars are spying on you. Here’s what you can do about it

While driving to a new restaurant, your car's satellite navigation system tracks your location and guides you to the destination. Onboard cameras constantly track your face and eye movements. When another car veers into your path, forcing you to slam on the brakes, sensors ...
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Oil flat as weak demand, oil glut weigh on market

By Katya Golubkova TOKYO (Reuters) -Oil prices were largely flat early on Thursday, after settling at two-week lows in the previous session as pressure from weaker demand and a global oil glut continued to weigh on the market. Brent crude futures were up 2 cents, ...
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UPS Worldport air hub to resume operations on Wednesday evening, spokesperson says

LOS ANGELES (Reuters) -United Parcel Service is resuming operations at its Worldport air cargo hub in Louisville, Kentucky, on Wednesday evening, company spokesman Jim Mayer said. "Our goal is to begin returning the network to a normal cadence with flights arriving at destinations Thursday ...
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Asia shares rise as upbeat US data calms nerves over stretched valuations

By Rae Wee SINGAPORE (Reuters) -Asia shares rose on Thursday, reversing a steep selloff from the previous session after better-than-expected U.S. economic data drew investors back into markets trading near record highs. Yields on U.S. Treasuries meanwhile held overnight gains as traders further trimmed bets of ...
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