May 30, 2017 / 4:51 AM / a year ago

PRESS DIGEST - Wall Street Journal - May 30

May 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Singapore's financial regulator imposed fines on two large banks including Credit Suisse Group AG as it concluded a two-year investigation into widespread antimoney-laundering failures throughout its financial system related to alleged misappropriations from Malaysian state fund 1MDB.

- British Airways said a far-reaching computer outage disrupted flights for a third day and pledged to avoid a repetition of the events that led to hundreds of cancelled flights over the weekend.

- U.S. activist investor Elliott Management Corp lost a legal battle to remove the chairman of Akzo Nobel, increasing pressure on PPG Industries Inc to make a hostile bid for the rival Dutch paint and chemicals company or abandon its months-long takeover pursuit.

- Goldman Sachs Group Inc is on the defensive in Venezuela after it bought bonds that had been held by the struggling country's central bank in a transaction the government's opposition decried as a lifeline to President Nicolás Maduro's embattled administration.

- North Korea's latest missile launch is its third apparent breakthrough in missile technology in less than three weeks. Pyongyang claimed the short-range ballistic missile fired on Monday had a speeded-up launch process and a precision-control guidance system that can zero in within 23 feet of a target.

Compiled by Bengaluru newsroom

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