Search Results for: Citi
Mazda to recall more than 2 million vehicles worldwide
September 1st, 2016
The models affected include among others, the Mazda3 sedan and hatchback and the Mazda CX-3 crossover SUV. Mazda Motor Corp is to recall 2.3 million vehicles worldwide, over issues related to their tail gate. The same was revealed by ...
Why the EU says Apple must pay Ireland $14.5 billion in tax
September 1st, 2016
The European Commission (EC) ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European ...
World leaders ousted for legal reasons
September 1st, 2016
Brazil’s Dilma Rousseff became the latest political leader ousted for legal reasons after the Senate voted for her impeachment Wednesday. Rousseff joins a gallery of former leaders forced to stand down either through formal impeachment proceedings or forced to ...
U.S. oil prices slide to near three-week low ahead of stockpile data
August 31st, 2016
U.S. oil prices slid to a near three-week low in early Asian trade Wednesday on expectations that U.S. crude stocks expanded last week, exacerbating the already oversupplied market. On the New York Mercantile Exchange, light, sweet crude futures for ...
Hanjin Shipping Trading Halted After Plunge to Six-Year Low
August 30th, 2016
Creditors decided not to provide fresh loans, Yonhap reports Shipping lines worldwide have posted losses amid slowing trade Hanjin Shipping Co. shares were suspended from trading after plunging to the lowest price since 2009 following a Yonhap News Agency ...
KKR Expands Asia Pacific Leadership Team With New Appointments in China, Korea, and Singapore
August 30th, 2016
KKR today announced that the firm is making important additions to its private equity investment team in Asia, specifically a change in leadership in China and the addition of new senior investment talent in China, Singapore and Korea. Ming Lu, a Member of KKR and Co-Head ...
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
EU accused US of ‘acting like a tax haven’
August 29th, 2016
US accused of ‘acting like a tax haven’ for threatening retaliation against Brussels’ anti-trust investigations into Apple, Amazon and Starbucks The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington ...
Oil Resumes Drop Near $47 Amid Market Stabilization Deal Doubts
August 29th, 2016
Stability should be achieved soon for oil market: Al Mazrouei Rising Iranian output dims prospects of action: Dana Gas CEO Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month ...
What Are the Odds that the 2020-2022 Olympics Will Be Cancelled?
August 25th, 2016
It’s tough to pay for an Olympics when 95% of your supposed “wealth” has vanished. In the modern era (1896-present), the Olympics have only been cancelled in wartime: 1916 (World War I), 1940 and 1944 (World War II). But ...
