Business

The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank's Estonian branch, which is at the center of a major money laundering scandal, it said on Sunday, confirming a report in Financial Times.

A reshuffling of Wall Street benchmark industry sectors that transferred high-flying FANG stocks like Facebook Inc and Google-parent Alphabet Inc out of the technology label may be a boon to some under-the-radar companies that used to compete with them for investor attention.

Asian shares stumbled in holiday-thinned trading on Monday as China's decision to cancel talks with the United States sparked fears of a protracted trade war, while oil rallied as Saudi Arabia ruled out increasing supplies to cool crude prices.

U.S. and Canadian officials trying to reach a deal on NAFTA are "very likely" to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.

The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc , IBM Corp , JPMorgan Chase & Co and academic experts taking part.

Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion.