PRESS DIGEST- Financial Times - April 16

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

Rio Tinto cuts FY iron ore guidance on cyclone damage https://on.ft.com/2PbNlcw Former Volkswagen CEO Winterkorn charged with fraud https://on.ft.com/2Pf6ACa

UniCredit to pay $1.3 billion to settle U.S. sanctions probes https://on.ft.com/2Pf7lLw Overview

Rio Tinto Plc cut its 2019 estimate for shipments of iron ore to between 333 million and 343 million tonnes on Tuesday as a result of damage caused by a cyclone at its port in Western Australia. German prosecutors charged former Volkswagen CEO Martin Winterkorn with fraud and other criminal offences alongside four others on Monday, over their alleged role in an emissions cheating scandal.

Italian bank UniCredit SpA has agreed to pay $1.3 billion in a settlement over allegations that it violated multiple U.S. sanctions on Iran and other countries, U.S. authorities announced. (Compiled by Bengaluru newsroom, Editing by Rosalba O'Brien)