Alexion Fined $21M in Foreign Corruption Probe
The SEC says the biotech firm made improper payments to Turkish and Russian officials to secure favorable treatment for its main drug.
Oil Prices Rebound on U.S. Stimulus Hopes
After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
WTO Rebuffs Trump on ‘National Security’ Claims
A decision in a Russia-Ukraine trade dispute rejects an argument Trump has made to justify a 25% tariff on global auto imports.
U.S. Oil Production to Hit New Record in 2018
With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
Fed Faults Deutsche Bank Laundering Controls
The bank agrees to pay $41 million for allowing "significant deficiencies" in its monitoring of billions of dollars in potentially suspicious transactions.
Deutsche Bank Fined Over Laundering Controls
A New York State regulator says the bank's deficient controls facilitated $10 billion in sham trades involving Russian investors.
Analogic Accused of Improper Foreign Payments
The medical device maker will pay $15 million to settle SEC charges that a Danish subsidiary "allowed itself to be used as a slush fund."
Instability in Oil-Producing Nations Endangers Economies
Political turmoil in the Middle East, Africa, and Russia will continue to cast a global economic shadow, says Aon.
‘Spear Phishing’ Attacks Infiltrate Banks’ Networks
Hackers in Russia, China, and Europe used malware-laced emails to bank staffers to penetrate banks' systems and steal money.
S&P Downgrades Russia’s Credit Rating to Junk
The credit rating agency cut its projection of Russia's annual economic growth to 0.5% for the next four years and called monetary policy less flexible.
Saving the Ruble Could Mean Bankrupting Companies
A 17% interest rate may stabilize the ruble, but a Russian banking official says it has to be cut to forestall business bankruptcies.