Welspun scandal follows years of plummeting Egyptian cotton output
NEW YORK (Reuters) – A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S. big box retailers highlights a stiff reality facing the high-end fiber market: there isn’t much Egyptian cot…
Exclusive: Companies made deals that could run afoul of U.S. whistleblower rules
WASHINGTON (Reuters) – Wells Fargo , Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws.
Maybank second quarter profit slides, says closely monitoring oil sector loans
KUALA LUMPUR (Reuters) – Malaysia’s biggest lender Malayan Banking Bhd (Maybank) said on Thursday it is keeping a close watch on loans made to the oil and gas sector, after posting a 27 percent drop in quarterly net profit as allowances for loan impai…
Taiwan tightening anti-money laundering law after New York regulator fine
TAIPEI (Reuters) – Taiwan’s cabinet said on Thursday it will tighten some of the island’s anti-money laundering regulations to conform more closely to international standards.
Honda looks to revamped Acura NSX to fire up brand
TOKYO (Reuters) – With its aggressive design and six-figure price tag, Honda Motor Co’s revamped NSX is a far cry from its “cheap and cheerful” Civic sedans, but the automaker is betting the sports car launched in Japan on Thursday will turbo-charge it…
Exclusive: Companies made deals that could run afoul of U.S. whistleblower rules
WASHINGTON (Reuters) – Wells Fargo , Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws.
Japanese seek bargains as economy limps, Abenomics loses shine
TOKYO (Reuters) – Three years of so-called “Abenomics”, Japanese Prime Minister Shinzo Abe’s bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers.
Indonesian stocks dally at record peak as investors fear tipping point
JAKARTA (Reuters) – Indonesian stocks are on a roll – with 18 percent gains this year and a boost from President Joko Widodo’s economic reforms – and yet, investors worry about buying more of a market hitting historic peaks.
SEC fines Wilbur Ross firm $2.3 million over fees
(Reuters) – Billionaire investor Wilbur Ross’ investment firm WL Ross & Co agreed on Wednesday to pay a $2.3 million fine to the Securities and Exchange Commission to settle charges that it did not properly disclose some fees it charged investors.
HP Inc beats estimates, weak printer demand weighs on forecast
(Reuters) – HP Inc , the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks.
