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U.S. authorities subpoena Goldman in 1MDB probe - WSJ

U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.

Recent Business News

ICICI Bank profit falls as bad loan provisions surge

MUMBAI ICICI Bank Ltd, India's top private sector lender by assets, reported first-quarter profit fell about 25 percent as its provisions for bad loans more than doubled.

Top News, 29 Jul 2016

Unicredit says to assess with regulator necessary measures

MILAN Italian bank UniCredit said on Friday it would work with European Central Bank supervisors to assess what it needed to do after industry stress tests showed its core capital ratio neared a closely-watched 7 percent threshold under adverse conditions.

2:19am IST

EXCLUSIVE - Liberty Global, Vodafone to win EU approval for Dutch tie-up - sources

BRUSSELS U.S. cable group Liberty Global and UK telecoms firm Vodafone are set to win EU antitrust approval for their plan to merge their Dutch operations after offering minor concessions, two people familiar with the matter said on Friday.

Deals 29 Jul 2016

Inventory reduction curbs U.S. economic growth; rebound expected

WASHINGTON U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. | Video

Economy 12:48am IST

First U.S. LNG shipment goes to China as Panama Canal opens markets - data

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that the expanded Panama Canal is allowing U.S. exports to reach the world's top LNG buyers in Asia.

2:23am IST


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