ING penalty puts Europe’s money laundering controls on the spot

By Toby Sterling and John O’Donnell AMSTERDAM/FRANKFURT, Sept 4 : When Dutch prosecutors trawled through ING’s books they found a “women’s underwear trader” had been able to launder 150 million euros through the bank’s accounts without ringing alarm bells. “It should have been clear to the bank that the monetary flows had little to do […]

European shares flat amid trade and emerging market worries

By Julien Ponthus LONDON, Sept 3 : European shares ended little changed on Monday as worries about U.S. trade policy and concern over emerging markets weighed on stocks after Asian markets closed lower. The pan-European STOXX 600 index gained 0.05 percent to 382.46 points. Activity was subdued as U.S. markets were closed for Labor Day. […]

UK factories feel pinch from global economy as export orders fall

By William Schomberg LONDON, Sept 3 : British manufacturers had their weakest month in over two years and export orders suffered a rare decline in August, a warning that a world economic slowdown, as well as the approach of Brexit, is weighing on the country’s factories, a survey showed. The IHS Markit/CIPS UK Manufacturing Purchasing […]

European shares flat amid trade and emerging market worries

By Julien Ponthus LONDON, Sept 3 : European shares were little changed on Monday as worries about U.S. trade policy and concern over emerging markets weighed on stocks after Asian markets closed lower. At 0844 GMT, the STOXX 600 was up 0.02 percent at 382.35 points with most major European indexes slightly in the red. […]

European shares fall on renewed fear of trade conflict

By Helen Reid LONDON, Aug 31 : European shares fell for a second day on Friday on reports that U.S. President Donald Trump is planning more tariffs on China, while Whitbread surged after clinching a $5.1 billion deal with Coca-Cola. The pan-European STOXX 600 dropped 0.5 percent by 0833 GMT, on track for its biggest […]

Britain’s FTSE hits 2-week low after sterling rise

By Kit Rees LONDON, Aug 30 : Britain’s top share index fell to a two-week low on Thursday as pressure from a firmer pound hit the index’s dollar-earning constituents, though utilities were a relative bright spot. The FTSE 100 index was down 0.8 percent at 7,504.27 points at 0855 GMT, extending the previous session’s losses, […]