4:19 am - Tuesday August 21, 2018

Economy

Latest News on Economy
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Volkswagen pleads guilty in U.S. court i...

Volkswagen pleads guilty in U.S. court in diesel emissions scandal

DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal. ... read more »

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U.S. extends leniency programme for comp...

U.S. extends leniency programme for companies that disclose bribery

MIAMI (Reuters) – The U.S. Justice Department will extend a programme that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official said on Friday. ... read more »

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Lloyds, two others dismissed from yen Li...

Lloyds, two others dismissed from yen Libor litigation in U.S

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many financial services companies to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. ... read more »

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Crunch week as Fed meets on rates, Trump...

Crunch week as Fed meets on rates, Trump team joins G20

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy — or instead take investors into a whole new round of uncertainty. ... read more »

More from Economy

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India’s Avenue Supermarts IPO oversubscribed 106 times

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the... read more »

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India’s industrial output up 2.7 percent in January

NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »

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Volkswagen, Tata Motors plan to cooperate in India

NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop... read more »

Doha Bank looking at setting up subsidiary in India

Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is... read more »

BRICS bank to start lending in local currency by April

The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit... read more »