Saturday, June 15, 2019
Home Blog Page 3
NEW YORK (Reuters) - U.S. prosecutors said on Wednesday the former chief executive of Longfin Corp has been indicted for engineering an accounting fraud that inflated the revenue of the now-defunct cryptocurrency company by more than $66 million. The securities fraud charge against Venkata Meenavalli, 49, of India, was announced 18 months after Longfin shares went on a roller-coaster ride...
Two Ukrainian policemen have appeared in court accused of murdering a five-year-old boy. Investigators say Ivan Pryhodko and Volodymyr Petrovets were drinking while off duty and shooting at cans when a stray bullet hit the boy. The suspects made no comments during the court hearing, their lawyers say. The death has focused attention on Ukraine's much criticised police after initial police statements...
SHANGHAI (Reuters) - China’s market regulator on Wednesday said it was imposing a 162.8 million yuan ($23.55 million) fine on Ford Motor Co’s joint venture with Changan Automobile Group for violating anti-monopoly law. The State Administration for Market Regulation on its website said the joint venture had since 2013 in the Chinese municipality of Chongqing set a minimum resale price...
SYDNEY (Reuters) - Growth in Australia’s economy picked up only modestly last quarter but the annual pace braked to the slowest in a decade, cementing the case for further easing in monetary policy and more stimulus from the government. The gross domestic product (GDP) figures out on Wednesday showed the A$1.9 trillion ($1.3 trillion) economy expanded 0.4% in the three...
SINGAPORE (Reuters) - Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Front-month Brent crude futures were at $61.12 at 0444 GMT. That was 87 cents, or 1.4%,...
BENGALURU (Reuters) - India’s manufacturing sector expanded at its quickest pace in three months in May on improved output and new orders, according to a private business survey which also showed a pick up in hiring. The survey found increased optimism about manufacturing activity over the coming year, probably helped as Prime Minister Narendra Modi scored a dramatic election victory...
SEOUL (Reuters) - Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap left by the collapse of India’s once-largest international airline. Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international...
DUBAI (Reuters) - Iran on Friday rejected what it called “baseless” accusations made at an Arab summit, saying Saudi had joined the United States and Israel in a “hopeless” effort to mobilise regional opinion against Tehran, state media reported. Saudi Arabia’s king told an emergency Arab summit that decisive action was needed to stop Iranian “escalations” in the region following...
(Reuters) - Italian side Inter Milan have appointed Antonio Conte as the club’s new coach to replace Luciano Spalletti, the Serie A club announced on Friday. Conte, who previously coached sides including Juventus, Chelsea and the Italian national team, had been out of work since parting ways with Chelsea in 2018. “A new chapter in my life is beginning, I’m really...
MECCA, Saudi Arabia (Reuters) - Saudi Arabia’s king told an emergency Arab summit on Friday that decisive action was needed to stop Iranian “escalations” in the region following attacks on Gulf oil assets, as American officials said a U.S. military deployment had deterred Tehran. A Gulf Arab statement and a separate communique issued after the wider summit supported the right...

MOST POPULAR

HOT NEWS