Many senior executives have left the company in the past year while its overall attrition rate too hit a record high in the June quarter.
"We have noticed the media report about a commercial bank's cross-border renminbi business, and are verifying related facts," the report quoted an unidentified spokesman of the Bank of China,
"The tourists are not being advised to save water," says a resident, as the drought threatens power supplies, too.
A nationwide ban on observing Ramadan in China extends to a college, where students face harsh repercussions for fasting.
"Aiming at substantial transparency," the Vatican Bank will separate business investment and church payments as it pushes for a makeover.
The Dow Jones Industrial Average fell 1 percent, or more than 170 points.
India's Narendra Modi-led BJP government presented an investor-friendly budget on Thursday.
The upstart Brooklyn firm recently lost a Supreme Court case that forced the online video streaming company to shut down.
The recall includes all the models of the two cars Honda's sold in Japan.
Among the violations being investigated are Commerzbank's transactions for the Islamic Republic of Iran Shipping Lines.
The highly anticipated launch of the so-called revamped A330 depends on the response of airlines and lessors that are being courted just days before next week's event. Still, the company seems to be securing at least two buyers, the sources.
The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy.
New research suggests men earn more than women on insider trades due to the informal networks that male executives tend to build with each other.
Nearly 6,000 farmers united to block a U.S. effort to sell them genetically modified seeds through a foreign aid package, according to Truthout.org.
The crypto-currency is legal to trade in Europe, but operating an unregistered bitcoin exchange is not.
Brazil's humiliating 7-1 loss to Germany in Tuesday's World Cup semifinal match could be “catastrophic for the national mood.”
The producer price index dropped 1.1 percent in its 28th straight month of decline.
Apple says willing to discuss settlement with Zhizhen Internet Technology.
Chinese Vice Premier Wang Yang spoke at the Strategic Economic Dialogue between China and the U.S. in Beijing.
A majority of the settlement is expected to be in cash, but the figure also includes several billion dollars in help to struggling borrowers.
After deliberating for less than four hours, a federal jury in New York found Rengan Rajaratnam, a former portfolio manager at Galleon, not guilty of the one conspiracy count he faced following the mid-trial dismissal by a judge of two more serious fraud charges.
American Apparel's U.S. manufacturing base is costing it dearly, and a loan default following the ouster of CEO Dov Charney will force changes.
After years of scandal, including money-laundering allegations, the bank is about to be restructured with a new president and a new board.
The troops are being readied in the event that the Israel Defense Forces' offensive against Hamas needs to be expanded.
Brazil, the world’s fourth-largest auto market, is suffering an economic slump. Meanwhile, Mexico is enjoying a manufacturing boom.
Isis announced it will rebrand to avoid association with the militant group that has terrorized Iraq and Syria.
"Do you trust Jack Ma to do the right thing for you? Ddo you think he will keep the right people on his side? If you think yes then this is a long term bet you want to make."
News of the probe comes little more than a week after French banking firm BNP Paribas pleaded guilty to felony charges in a U.S. court.
Carrefour, the world’s second-largest retailer by sales, announced it will exit the Indian market as a part of its new revival plan.
The world's largest smartphone maker has seen profit fall as competition heats up from Chinese makers of low-priced yet feature-heavy handsets, as the market's growth area shifts to low-end handsets in emerging economies.
