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December, 9, 2016

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Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.
 
A group of environmentalists is proposing that Warren Buffett's company sell off its investments in Phillips 66 and other companies tied to fossil fuels over 12 years.
 
US household debt up slightly in third quarter
Household debt increased slightly in third quarter, but delinquency rates are on the rise with an especially troubling trend in auto loans, the New York Federal Reserve said Wednesday.
 
The OPEC oil cartel defied expectations Wednesday and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring.
 
'Twelve Days of Christmas' now costs US$34,363
The slow recovery of the U.S. economy is continuing to keep the cost of Christmas -- or at least the gifts listed in "The Twelve Days of Christmas" -- from spiraling out of control.
 
Taiwanese artificial intelligence (AI) startup Appier (沛星互動科技) announced Thursday it had received NT$620 million (US$19.5 million) in foreign funding from its recent Series B round of fundraising.
 > Taiwan
 
Nissan's Armada SUV returns with upgraded engine, look
Nissan took a model year off from its largest SUV, the Armada, but it's back for 2017 restyled and re-engineered with a plush ride, a well-equipped interior and a more horsepower than ever.
 
Acer Inc. (宏碁) founder and Honorary Chairman Stan Shih (施振榮) announced yesterday that Acer was expanding into the telecommunications market globally.
 
Oil prices rose Thursday, building slightly on a surge triggered by OPEC's output decision, while European stock markets retreated as attention switched to U.S. jobs data and Italy's weekend referendum.
 
Prince's estate is worth about US$200 million, a new court filing suggests. It's the first time a specific estimate has emerged publicly from court proceedings following Prince's April overdose death.
 
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