Bloomberg Denmark’s financial watchdog is telling smaller lenders to brace for an assault by money launderers as big banks respond to intense regulatory scrutiny and improve their defenses. The head of the Financial Supervisory Authority (FSA) in Copenhagen, Jesper Berg, says smaller institutions are now particularly vulnerable. The comments come amid a string of revelations alleging that Danske Bank A/S was …

Bloomberg Malaysia’s new central bank governor presides over her first interest-rate meeting in a better position than most of her peers in Southeast Asia. Unlike her counterparts in Indonesia and the Philippines — who are ramping up rate hikes to defend their currencies — Nor Shamsiah Mohd Yunus doesn’t have to do anything for now. Even in Thailand, where rates …

Bloomberg Two Wall Street strategists are casting doubt on one of this year’s most-popular trades: buy small-cap stocks. Don’t be fooled by the consensus that smaller companies are better positioned to weather a global trade war, Barclays’ Maneesh Deshpande said. While it’s true that their domestic focus makes them less vulnerable to trade barriers, their bigger reliance on imports means …

Bloomberg VP Bank AG, the Liechtenstein-based private bank, is expanding its wealth management operations in Asia as it draws a line under four years of losing clients in Europe due to tax compliance issues. VP Bank has been adding headcount in Singapore and Hong Kong, and is eyeing partnerships with a view to gaining more wealthy Chinese clients, according to …

Bloomberg Amazon.com Inc. proved it can use bargain buzz to sell a lot of gadgets on a random day in July. This year, it’s hoping excitement around Prime Day gets shoppers to change how they buy groceries. Amazon’s fourth annual Prime Day — 36 hours of sales beginning July 16 — will be its first since closing the $13.7 billion …

Bloomberg Hong Kong billionaire Henry Cheng’s jewellery-to-property business empire will acquire Dublin-based Sky Leasing for about $2.8 billion, including debt, to bolster the group’s aviation business. Though the Cheng family’s Goshawk Aviation Ltd. announced the deal last month, it didn’t disclose the value at the time. Of the total, 70 percent of the purchase will be funded with debt and …

Bloomberg Airbus SE Chief Executive Officer Tom Enders called on the European Union to acknowledge the British government’s new, softer negotiating stance toward Brexit, lending a measure of support to embattled Prime Minister Theresa May. “The Chequers statement appears to show that HM Government are going in the right direction,” Enders said at a German Chamber of Commerce event in …

Bloomberg Ethiopia’s national airline will take a 20 percent stake in Eritrean Airlines, the state-owned Ethiopian Press Agency reported, citing unidentified Eritrean media. Ethiopian Airlines Enterprise, Africa’s biggest carrier by revenue, will also resume flights next week to Asmara, the capital of neighbouring Eritrea, the ruling party-funded Fana Broadcasting Corp. reported earlier, after the two countries made a historic agreement …

Bloomberg Taiwan warned businesses and schools to prepare for extreme conditions as Severe Typhoon Maria closes in on the island, disrupting flights and curtailing futures trading. The typhoon could bring strong winds and heavy rains to northern and central Taiwan, Central Weather Bureau said in statement on Tuesday. Several local governments in the northern Taiwan including Taipei City, the island’s …

Bloomberg US equities joined a global rally that began in Asia as investors set aside concern about escalating trade tensions to focus on the coming earnings season. The pound erased gains after pro-Brexit official Boris Johnson quit as UK foreign secretary. The S&P 500 Index rose to the highest since mid-June and the Dow Jones Industrial Average popped through key …