[ad_1] NEW YORK (Reuters) – The dollar fell against the euro and the yen on Tuesday after data showed weakness in the U.S. manufacturing sector and a lower-than-expected rise in construction spending. FILE PHOTO: U.S.
PMC Bank created over 21,000 fake accounts to hide loans: complaint
[ad_1] MUMBAI (Reuters) – Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the latest banking fraud
Dollar powers to 29-month high, bonds turn choppy
[ad_1] LONDON (Reuters) – The dollar climbed to a 29-month high on Tuesday as a blizzard of soft global data left the U.S. economy as the only one still looking reasonably healthy. An SGX sign
Credit Suisse clears CEO Thiam of spying on star banker
[ad_1] ZURICH (Reuters) – Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned
Indian lenders slump as investors fret over exposure to troubled firms
[ad_1] BENGALURU (Reuters) – Shares in major Indian banks took a beating on Tuesday, as fraud allegations against a top mortgage lender and a prominent bank sparked fresh worries about the health of India’s financial
WPP poaches Sainsbury’s Rogers to be finance chief
[ad_1] LONDON (Reuters) – Advertising group WPP has poached John Rogers, the boss of Sainsbury’s Argos business and previously seen as a frontrunner to be the British supermarket group’s next CEO, as its new finance
As Draghi leaves ECB, his opponents get chance to turn the tables
[ad_1] FRANKFURT (Reuters) – Mario Draghi leaves the European Central Bank at the end of the month, and that may give opponents of his ultra-easy monetary policy a chance to shift the tone of the
Gold slips as robust dollar dents appeal
[ad_1] (Reuters) – Gold prices fell to a near two-month low on Tuesday, weighed down by a stronger dollar, while hopes of progress in the U.S.-China trade talks lifted equity markets in a further hit
WPP poaches Sainsbury’s Rogers to be finance chief
[ad_1] LONDON (Reuters) – WPP (WPP.L), the world’s biggest advertising company, has poached John Rogers, the boss of retailer Sainsbury’s (SBRY.L) Argos business, to be its new finance director, taking over from the outgoing Paul
Sensex, Nifty seesaw on banking woes, government stake sale proposal
[ad_1] BENGALURU (Reuters) – Indian shares wobbled on Tuesday as investors parsed through a string of negative headlines in the key banking and real estate sectors, and a government proposal to privatise some state-run firms.