Australia's Westpac Banking Corp was accused on Wednesday of 23 million breaches of anti-money laundering rules, with a regulator saying the financial giant enabled payments from "high risk" countries and convicted child sex offenders.
Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.
The U.S. National Transportation Safety Board (NTSB) on Tuesday took Uber to task for what it said were weaknesses in its approach to safety as it laid out its findings in the investigation of the first-ever death involving a self-driving vehicle, which also cited the vehicle's back-up safety driver.
U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday an agreement with the Trump administration on the U.S.-Mexico-Canada trade deal can be reached if it is enforceable.
The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc , sealing the biggest tie-up of banks since the 2007-2009 global financial crisis.
U.S. President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.
A 2,250-megawatt coal plant in Arizona closed on Monday, another sign of a struggling industry as consumers shift to cleaner and cheaper energy.
Financial regulations put in place following the 2008 financial crisis may have contributed to recent ructions in short-term lending markets, New York Federal Reserve President John Williams said on Tuesday.
The U.S. Federal Reserve has interest rates at the appropriate level for the U.S. economy but risks to the economic outlook are still tilted downwards, New York Federal Reserve President John Williams said on Tuesday.
Retail heavyweights Kohl's Corp and Home Depot Inc sent a shiver through Wall Street on Tuesday, lodging weak results and annual forecasts that cast more doubt on the health of the U.S. consumer ahead of the crucial holiday shopping season.
The Policemen's Annuity and Benefit Fund of Chicago ended a $67 million relationship with Fisher Investments, marking another institutional investor to exit from the Camas, Washington-based firm.
"This is awful," says CNBC's Jim Cramer, with Kohl's stock on pace for its worst session in nearly three years.
Volkswagen on Tuesday rejected claims it had engaged in anti-competitive behavior after parts supplier Prevent Group sued the German carmaker in the U.S. District Court in Detroit.
Carbon offsetting, already a multi-billion dollar industry, will get a major boost from the launch of an international scheme to offset aviation emissions, called CORSIA, in 2021.
ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.