Bloomberg Exxon Mobil Corp. has shut production platforms and a processing plant in the highlands of natural gas exp-orter Papua New Guinea after an earthquake struck the Pacific nation. The US oil giant closed the facilities to assess damage from a magnitude 7.5 earthquake early on Monday morning, it said in a statement. Administrative buildings, living quarters and a mess …

Bloomberg US claims that a Latvian bank laundered money and violated sanctions on North Korea led to the lender’s demise in little over a week, turning the spotlight on the European Central Bank’s role as chief supervisor for euro-zone lenders. The US Treasury proposed banning ABLV Bank from doing business in dollars, but the ECB doesn’t have the power to …

Bloomberg Bank of England Deputy Governor Dave Ramsden looks to have changed his mind on interest rates. An opponent of a rate increase in November, Ramsden told the Sunday Times in an interview that an acceleration in wage growth suggests swifter rate rises are now required. Ramsden said he’ll closely monitor what happens in the early part of 2018 to …