UPDATE 1-EU watchdog probes Danske regulators as Estonia branch to shut

FILE PHOTO: A Danske Bank sign on a building in Copenhagen, Denmark, September 27, 2018. /Jacob Gronholt-Pedersen/File Photo *** Local Caption *** Jacob Gronholt-Pedersen – RC1711E5CAF0LONDON/TALLIN () – Danish and Estonian regulators are being investigated by the European Union’s banking watchdog over a possible breach of EU law relating to alleged money-laundering at Danske Bank.

YOUR MONEY – A career secret weapon: Thank-you notes

(The writer is a contributor. The opinions expressed are his own.) By Chris Taylor NEW YORK, Feb 19 () – In a world of extremely rapid change, we have seen plenty of things vanish, from rotary phones to electric typewriters to 8-track music cartridges. But there is one old-time tradition that seems to be holding

Estonian regulator to close Danske Bank unit -TV report

TALLINN, Feb 19 () – Estonia’s financial supervisory authority has decided to close Danske Bank’s Estonian operation, broadcaster ERR reported on Tuesday without citing sources. A spokeswoman for the Finantsinspektsioon watchdog declined to comment, saying it would issue a statement later. Danske Bank has said it has started to close down its Estonian business after

China’s Fosun makes bid for German fashion chain Tom Tailor

BERLIN () – Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe’s fashion sector. FILE PHOTO: A window mannequin of German fashion concern Tom Tailor is pictured during the initial public offering at the Frankfurt stock exchange March 26, 2010. /Johannes

UPDATE 4-HSBC warns on China, UK slowdowns as 2018 profit disappoints

HONG KONG/LONDON () – HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year. FILE PHOTO: The HSBC bank logo at the bank’s offices in the Canary

Hong Kong stocks snap six-week rally as investors book profits

Feb 19 () – Hong Kong stocks ended lower on Tuesday, snapping a six-week rally partly fuelled by optimism that China and the United States will hammer out a deal to resolve their trade dispute. ** The Hang Seng index ended 0.4 percent lower at 28,228.13, while the China Enterprises Index closed 0.3 percent weaker

Trade talk optimism helps European shares cling onto October highs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 18, 2019. /StaffLONDON () – European shares edged down slightly on Tuesday at the open but clung to highs not seen since October as optimism about Sino/U.S. trade talks helped maintain morale despite a few earnings disappointments such

Honda UK plant closure not related to Brexit – Europe boss

LONDON, Feb 19 () – Honda’s decision to close its only British car plant is not related to Brexit and is a product of global changes in the industry, the firm’s Europe’s boss said on Tuesday. “This is not a Brexit-related issue for us. This decision has been made on the basis of… global changes,”

UPDATE 1-BAWAG ups targets, dividend after estimate-beating 2018 earnings

FILE PHOTO – BAWAG P.S.K. logo is pictured at a branch office in Vienna March 13, 2013. /Heinz-Peter Bader/File Photo VIENNA () – Austrian bank BAWAG Group lifted its 2020 profit target and proposed a higher-than expected dividend for 2018 after it posted an estimate-beating 14 percent increase in full-year pre-tax profit. Profit before tax

UPDATE 2-Kuroda flags BOJ’s readiness to ease further, yen slips

TOKYO () – Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in

Australia watchdog plans criminal claims on financial sector after inquiry rap

An Australia Dollar note is seen in this illustration photo June 1, 2017. /Thomas White/IllustrationSYDNEY () – Australia’s corporate regulator, which was criticized heavily by a misconduct inquiry for being soft on the financial industry, said on Tuesday it expects to refer major financial institutions and their representatives for criminal prosecutions. The Australian Securities and

China pledges more support for banks’ perpetual bond issuance

BEIJING, Feb 19 () – China will provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help enhance lenders’ support for the real economy, a vice central bank governor said on Tuesday Perpetual bonds, or “perps”, could potentially convert the debt into equity as

China, Hong Kong stocks extend gains on trade talks hopes

* SSEC +0.3 pct, CSI300 +0.2 pct, HSI +0.1 pct * New round of U.S.-China trade talks begins Tuesday * China needs tax cuts to relieve pressure on economy – vice premier SHANGHAI, Feb 19 () – China and Hong Kong stocks rose further on Tuesday morning, aided by hopes that Sino-U.S. trade talks were

Australia shares firmer, led by financial sector; NZ slips

* IOOF jumps on strong results * ANZ rises as investors expect lender to be less conservative * Blackmores flags China concerns, sends a2 Milk, Bellamy’s lower By Nikhil Nainan Feb 19 () – Australian shares rose on Tuesday, led by financials sector gains, which outweighed declines in other segments of the market as patchy

Australia shares likely to open flat; NZ inches lower

Feb 19 () – Australian shares are expected to be unchanged on Tuesday in the absence of a Wall Street lead due to a U.S. market holiday. The country’s central bank is expected to release minutes from its latest policy meeting, with investors eyeing comments since the bank shifted to a neutral policy stance. The

Former Lloyd’s of London Chairman David Rowland dies

Feb 18 () – David Rowland, chairman of the Lloyd’s of London between 1993 and 1997, has died, Lloyd’s of London said in a statement on Monday. He was 85. Rowland is credited with bringing structural changes to the company, which helped it combat and address the financial losses faced in the 1990s. In its