In a statement the SWIFT international payments system said, it was preparing to implement new sanction measures by Western countries targeting select Russian banks in coming days. “We are engaging with European authorities to understand the details of the entities… Read More ›
On Monday, as per a source with direct knowledge of the matter at hand, Foxconn has received approval to resume production at its plant in Zhengzhou in northern China. Around 16,000 people have returned to the plant, said the source… Read More ›
The Indian government has banned Deloitte Haskins & Sells LLP from doing business in the country following allegations of shoddy work and non-compliance to global accounting standards. In a significant development, Indian authorities have told a tribunal, Deloitte Touche Tohmatsu’s… Read More ›
Investors are concerned over the involvement of U.S. authorities. A U.S. sanction on the bank could significantly hamper its ability to transact in the U.S. dollar. On Thursday, in a significant development that adds pressure to the business environment in… Read More ›
Although Nissan’s board fired Ghosn as its chairman as well as Kelly as its representative director; technically both are still board members and can be only removed by shareholders. On Wednesday, Nissan’s former director Greg Kelly was examined at a… Read More ›
U.S. federal prosecutors are zeroing in on a former Goldman Sachs banker who worked closely on the 1MDB deal. As per a report from New York Times, U.S. prosecutors are investigating whether Goldman Sachs Group Inc played any role in… Read More ›
Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›
A weak yuan fits well into the ongoing global move of a loose monetary policy. Chinese policymakers have also made it very easy for investors to borrow and short-sell the yuan, which indicates that they are indirectly pushing down interest… Read More ›
Authorities have already raided 13 offices in VW’s headquarters and have seized documents and electronic files from its computers. WirtschaftsWoche, a German Magazine has reported citing a spokesman from the state prosecutors office as saying, they have started fresh enquiries… Read More ›
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
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