India’s federal investigators close bank branch at heart of fraud
MUMBAI/NEW DELHI (Reuters) – Indian investigators closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country’s banking history, police sourc…
South Korea’s Moon bemoans GM plant closure, calls on government to be stern in U.S. trade talks
SEOUL (Reuters) – South Korean President Moon Jae-in said on Monday General Motors Co’s decision to shut down a factory south of Seoul will be a blow to the region and asked relevant government ministries to take measures to shore up economic activity…
Asian shares extend global recovery as volatility subsides
TOKYO (Reuters) – Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs.
India’s federal investigator seals PNB branch at heart of fraud: state TV
NEW DELHI (Reuters) – India’s federal police has sealed the Mumbai branch of Punjab National Bank at the center of a $1.77 billion loan fraud involving billionaire jeweler Nirav Modi, state television said on Monday.
For timing of Aramco IPO, watch forward oil price curve
LONDON (Reuters) – It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?
Asian shares extend global recovery, volatility subsides
TOKYO (Reuters) – Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.
Lego builds foundations in China classrooms as old markets slow
BEIJING/SHANGHAI (Reuters) – Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box.
Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed
By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter
Japan’s Mizuho sees pickup in U.S. M&A lending after tax cut
TOKYO (Reuters) – Japan’s Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).
Chanel, Farfetch pair up for digital push at fashion label’s stores
PARIS (Reuters) – French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label’s clients with store ass…
