German Regulator Calls on Allianz to Improve Controls

FRANKFURT, Aug 12 Reuters Germany39;s financial watchdog BaFin has called on Allianz to improve its internal controls following fraud at its U.S. funds unit, a person with knowledge of the matter said on Friday, the latest development in a scandal that has dogged the company for two years. The regulator sent Allianz a letter with concrete […]
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Japans Economy Expands Annualised 2.2 in AprilJune

TOKYO, Aug 15 Reuters Japan39;s economy expanded an annualised 2.2 in the AprilJune period to mark the third straight quarter of expansion on solid private consumption, government data showed on Monday. The increase in gross domestic product GDP was slower than a median market forecast for a 2.5 expansion. It translated into quarterly growth of […]
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Oil Drops as China Data Weighs

China39;s July refinery output lowest since March 2020, data shows Stronger U.S. dollar and low liquidity pressure prices Coming up Iran to respond to EU nuclear text on Monday LONDON, Aug 15 Reuters Oil prices fell by more than 4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession […]
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