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ANZ's $160 million fine for rule breaches is latest in series of missteps
Reuters· 2025-09-15 03:20
Core Viewpoint - Australian bank ANZ has agreed to pay a record A$240 million ($159.5 million) in fines due to systemic failures in various operations, including unethical practices in a government bond deal and improper charges [1] Group 1: Financial Penalties - The fine of A$240 million represents a significant financial penalty for ANZ, marking it as a record-breaking amount for the bank [1] - The total amount in US dollars is approximately $159.5 million, highlighting the scale of the financial repercussions faced by the bank [1] Group 2: Systemic Failures - ANZ's failures include acting "unconscionably" in a government bond deal, indicating serious ethical breaches in their operations [1] - The bank also faced issues related to charging customers improperly, which contributed to the systemic failures identified [1]
Oil holds gains as investors eye impact from attacks on Russian energy facilities
Reuters· 2025-09-15 00:52
Core Viewpoint - Oil prices remained stable as investors evaluated the potential impact of Ukrainian drone attacks on Russian refineries, which could affect crude and fuel exports [1] Group 1: Market Impact - The drone attacks on Russian refineries have raised concerns about possible disruptions in crude and fuel exports from Russia [1] - Investors are closely monitoring U.S. fuel demand as part of their assessment of the oil market [1]
Britain and US to sign nuclear power pact during Trump's visit
Reuters· 2025-09-15 00:05
Britain and the United States will sign a deal to work together on boosting nuclear power during U.S. President Donald Trump's state visit this week, the British government said, helping secure invest... ...
Iraq signs joint operation agreement with France's TotalEnergies, QatarEnergy LNG
Reuters· 2025-09-14 18:47
Group 1 - Iraq's oil ministry has signed a joint operation agreement with France's TotalEnergies, QatarEnergy LNG, and Iraq's Basra Oil Company [1]
UK's Sainsbury's ends talks to sell Argos to China's JD.com
Reuters· 2025-09-14 15:31
British supermarket group Sainsbury's said on Sunday it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer it bought for 1.1 billion pounds ($1.49 billion) in 2016. ...
UnitedHealth sought to meet Trump, WSJ reports
Reuters· 2025-09-14 11:32
Group 1 - UnitedHealth has sought meetings with U.S. President Donald Trump but has not secured a meeting yet [1]
Tesla's German plant plans to lift production, factory boss tells DPA news agency
Reuters· 2025-09-14 10:58
Core Viewpoint - U.S. electric carmaker Tesla is planning to increase production at its German plant for the remainder of the year due to strong sales [1] Group 1 - Tesla's German factory, located in Gruenheide, is experiencing robust sales that are driving the decision to raise production levels [1]
Fed faces key week of decisions with membership, political independence in doubt
Reuters· 2025-09-14 10:06
Group 1 - The U.S. Federal Reserve is facing a significant challenge to its leadership as it holds its latest policy meeting [1] - There is an urgent effort to confirm President Donald Trump's nominee for an open seat on the Federal Reserve's Board of Governors [1]
Airbus, Thales, Leonardo could sign first deal this year on satellite tie-up, Airbus executive says
Reuters· 2025-09-14 09:10
Group 1 - European aerospace groups Leonardo, Thales, and Airbus are expected to sign an initial agreement to combine their satellite businesses as early as this year [1]
Citi's London office overhaul costs hit $1.5 billion
Reuters· 2025-09-14 08:09
Wall Street bank Citigroup's bill for refitting its tower in London has risen to $1.5 billion (1.1 billion pounds), the company told Reuters, highlighting the high costs of overhauling outdated workpl... ...