China probe is latest legal headache for JPMorgan
NEW YORK (Reuters) – A federal bribery investigation into whether JPMorgan Chase & Co. hired the children of key Chinese officials to help it win business is just the latest in a series of legal and regulatory headaches for Chief Executive Jamie Dimon.
Strike over wages hits South African auto sector
CAPE TOWN (Reuters) – Workers downed tools on Monday at the South African unit of Japanese auto maker Toyota , the company said, signaling the start of a nationwide strike in the auto sector over wages.
New Zealand announces plans for Fonterra tainted dairy inquiry
WELLINGTON (Reuters) – New Zealand on Monday announced plans for a government inquiry into how ingredients made by dairy giant Fonterra became contaminated with a botulism-causing bacteria, as the country tries to salvage its reputation as an exporter …
China bans more New Zealand dairy products on new contamination scare
WELLINGTON (Reuters) – More New Zealand milk products sold to China have been banned after elevated levels of nitrates were found, raising further concerns over quality and testing in the world’s largest dairy exporter in the wake of a contamination sc…
Indian rupee sags to record low despite government steps
MUMBAI (Reuters) – The Indian rupee fell to a record low on Monday and looked poised for further losses, with a series of measures unveiled last week failing to stall its decline.
China Everbright Securities blames human error for mistaken bond trade
SHANGHAI (Reuters) – Everbright Securities , the Chinese brokerage caught up in mistaken trades on Friday and again this week, said human error was responsible for a mistaken bond trade on Monday morning.
Australian bond traders suspect mystery buyer a central bank
SYDNEY (Reuters) – A mystery buyer outbid dozens of others at recent sales of Australian government bonds to snap up all the A$1.6 billion ($1.47 billion) on offer, in a highly unusual and expensive vote of confidence in the country’s debt.
China Everbright Securities slapped with restrictions after trading fluke
SHANGHAI (Reuters) – China has slapped restrictions on the number of new stock index futures positions that Everbright Securities can build after a glitch in the brokerage’s systems caused a brief spike in the country’s stock indexes last week.
China central bank chief says sees no big changes to policy: TV
BEIJING (Reuters) – China’s central bank governor said the country would fine-tune its prudent monetary policy stance in the rest of the year if needed, but does not expect any big adjustments to be made.
Obama to meet with financial regulators on Wall Street reform law
WASHINGTON (Reuters) – President Barack Obama will sit down with the leading U.S. financial market regulators on Monday to discuss their progress in implementing the 2010 Wall Street reform law, the White House said on Sunday.
