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U.S. Queries PayPal in Money Laundering Probe

U.S. authorities have demanded information from online payment service PayPal as part of a money laundering investigation, according to a regulatory filing available on Wednesday.

"We have received subpoenas from the U.S. Department of Justice seeking the production of certain information related to our historical anti-money laundering program," Silicon Valley-based PayPal said in an annual report to the U.S. Securities and Exchange Commission.

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Total Confident despite Volatile Oil Prices

French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices.

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Germany Reports New Record Trade Surplus in 2016

Europe's largest economy Germany reported a new record trade surplus in 2016, official data showed Thursday, exporting 253 billion euros more than it imported.

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IMF, Greece Split on Outlook for Economy

The International Monetary Fund and Greece are at odds over the outlook for the troubled European nation's economy, a split that likely will continue to hold up further IMF financing.

Greece Finance Minister Euclid Tsakalotos said the IMF report on the economy, released Tuesday, "fails to do justice" to his country by underestimating growth and the progress made through years of sacrifice.

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Euro under Pressure, but Major Asia Markets Bounce

The euro struggled in Asia Wednesday on increasing uncertainty about France's political outlook and fears of another debt crisis brewing in Greece.

Most major equities markets reversed early losses to push higher but confidence remains shaky over worries about Donald Trump and uncertainty about his impact on the global economy.

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Oil Market 'Responding Positively' to Output Cut

Qatar's energy minister, the current OPEC president, said world oil markets were "responding positively" to output cuts implemented by the cartel and some non-cartel producers.

"I think the market is responding positively and you can see the drop in supply," Mohammed Saleh al-Sada told reporters.

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IMF Board Says Greece Needs Further Debt Relief

The International Monetary Fund's board agreed late Monday that Greece likely will need further debt relief, but there remains a split over the appropriate goal for the country's finances.

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At $250M, Los Angeles Home Most Expensive Listed in US

At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States.

The passion project of developer and handbag tycoon Bruce Makowsky, the four-level, 38,000-square-foot mansion built on spec includes 12 bedroom suites, 21 bathrooms, five bars, three gourmet kitchens, a spa and an 85-foot infinity swimming pool with stunning views of Los Angeles. There's also a 40-seat movie theater, a bowling alley, and a fleet of exotic and vintage cars worth $30 million.

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Asia Markets Rattled by Trump, Europe Concerns

Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump's unpredictable presidency fueling uncertainty.

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Deutsche Boerse, LSE Offer Clearing House Sale to Ease Merger

Stock exchange operators Deutsche Boerse and London Stock Exchange (LSE) said Tuesday they would offer to sell French clearing house LCH Clearnet as they push for regulatory approval of their planned merger.

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