PRESS DIGEST- Monetary Occasions – April 16

April 16 (Reuters) – The next are the highest tales within the Monetary Occasions. Reuters has not verified these tales and doesn’t vouch for his or her accuracy.


Rio Tinto cuts FY iron ore steering on cyclone harm

Former Volkswagen CEO Winterkorn charged with fraud

UniCredit to pay $1.three billion to settle U.S. sanctions probes


Rio Tinto Plc lower its 2019 estimate for shipments of iron ore to between 333 million and 343 million tonnes on Tuesday because of harm attributable to a cyclone at its port in Western Australia.

German prosecutors charged former Volkswagen CEO Martin Winterkorn with fraud and different prison offences alongside 4 others on Monday, over their alleged position in an emissions dishonest scandal.

Italian financial institution UniCredit SpA has agreed to pay $1.three billion in a settlement over allegations that it violated a number of U.S. sanctions on Iran and different nations, U.S. authorities introduced.

Compiled by Bengaluru newsroom, Enhancing by Rosalba O’Brien

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