Financial Services

India arrests 11 suspects in $1.8 billion bank fraud case

Feb 20, 2018

India's federal investigating agency says it has arrested 11 people in an alleged $1.8 billion bank fraud that continued for six years

Reports: Jewelers to be summoned in India bank scam probe

Feb 16, 2018

Reports: Indian investigators order two wealthy jewelers to be questioned in probe into alleged $1.8 billion banking scam

Indian bank is cheated of $1.8 billion in complex fraud

Feb 15, 2018

India is investigating an alleged $1.8 billion bank fraud, with a wealthy jeweler allegedly using fake bank documents to obtain overseas loans

Ethiopia refuses World Bank arbitration over Nile River dam

Jan 21, 2018

Ethiopia's leader has rejected arbitration by the World Bank on a disagreement with Egypt over the hydroelectric dam that Ethiopia is building on the Nile River

China says cross-border cash flows hit turning point in '17

Jan 18, 2018

Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines

China: Report buying of US debt might stop is 'fake news'

Jan 11, 2018

China's foreign exchange regulator has challenged a news report that it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as "fake news."

US bars $1.2B Chinese acquisition of MoneyGram

Jan 3, 2018

Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese investment

Egypt wants World Bank to help on Ethiopia dam impasse

Dec 26, 2017

Egypt wants World Bank to help on Ethiopia dam impasse; project will be Africa's largest

Chinese leaders promise more imports, less financial risk

Dec 20, 2017

Chinese leaders have promised to increase imports and reduce risks in their financial system following an annual economic planning meeting

Britain's finance minister in China to promote trade

Dec 15, 2017

Britain's finance minister tells China's premier there are "many opportunities" to expand commercial ties as he starts a visit aimed at developing trade as the United Kingdom prepares to leave the European Union

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