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A man goes down the stairs inside the Mercantile office building at 9/12, Lalbazar Street, in Kolkata, India August 14, 2017. REUTERS/Rupak De Chowdhuri

Shell firms in focus as India cracks down on black money

Prime Minister Narendra Modi's office has formed a team of top law enforcement and revenue officials to go after shell companies being used to hide assets and launder money.

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Asia shares up on North Korea reprieve, dollar back in doldrums

Asian stocks edged up on Thursday as tensions between the U.S. and North Korea came off the boil, while worries about President Donald Trump's ability to implement his pro-growth agenda and the Federal Reserve's concerns about low U.S. inflation hit the dollar.

With a wary eye on Iran, Saudi and Iraqi leaders draw closer

It was an unusual meeting: An Iraqi Shi'ite Muslim cleric openly hostile to the United States sat in a palace sipping juice at the invitation of the Crown Prince of Saudi Arabia, the Sunni kingdom that is Washington's main ally in the Middle East.

Trump disbands business councils after CEOs quit in protest

President Donald Trump disbanded two high-profile business advisory councils on Wednesday after several chief executives quit in protest over his remarks blaming weekend violence in Virginia not only on white nationalists but also on anti-racism activists who opposed them.

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