Commonwealth Bank of Australia’s pension arm hit with another class-action lawsuit
Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers...
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts...
Australia’s Westpac hires veteran banker McFarlane as chairman to tide over crisis
Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Barclays boss to help steer it through the fallout of...
Boeing’s new CEO orders rethink on key jetliner project
Boeing Co’s new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in...
Boeing CEO expects to resume 737 MAX production before mid-year
Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to...
Kinder Morgan profit, cash flow rise on Gulf Coast Express pipeline strength
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its...
U.S., Canadian oil company bankruptcies surge 50% in 2019: report
The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely...
Kinder Morgan profit jumps 26% on Gulf Coast Express pipeline strength
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its...
Australia’s scandal-hit Westpac names veteran banker John McFarlane as chairman
Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman-elect, entrusting the former Australia and New Zealand Banking Group boss to help steer...
Angola’s dos Santos named suspect over alleged fraud, selling Eurobic stake
Angola’s billionaire former first daughter, Isabel dos Santos, has decided to sell her stake in Portuguese bank Eurobic, the small lender said on Wednesday....