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  • Indian auditor group ICAI begins probe into PNB fraud case
    on February 23, 2018 at 6:23 am

    NEW DELHI/MUMBAI (Reuters) - The Institute of Chartered Accountants of India (ICAI), a state-controlled regulator for the sector, has said it is probing whether auditors played a role in perpetrating the alleged $1.77 billion fraud that Punjab National Bank unearthed last week. […]

  • Exclusive: U.S. tells India to cut tariffs as trade friction heats up
    on February 23, 2018 at 6:18 am

    NEW DELHI (Reuters) - U.S. businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi's move to increase customs duties on dozens of products to help its flagship Make-in-India drive aggravated differences over trade. […]

  • Turkmenistan says work has started on Afghan section of gas pipeline to Pakistan, India
    on February 23, 2018 at 6:15 am

    SERHETABAT, Turkmenistan (Reuters) - Turkmenistan on Friday announced the start of construction work on the Afghan section of an $8 billion natural gas pipeline that will link the energy-rich Central Asian nation to Pakistan and India. […]

  • Regulator in China seizes control of Anbang as chairman prosecuted
    on February 23, 2018 at 6:03 am

    BEIJING/SHANGHAI (Reuters) - The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlighted Beijing's willingness to curtail big-spending conglomerates as it cracks down on financial risk. […]

  • Analysis: Rocky path awaits Kuroda in his next BOJ term
    on February 23, 2018 at 5:14 am

    TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda may have little to cheer about despite landing another five-year term for one of the most influential jobs in the country, if not the world. […]

  • Japan's stagnant inflation set to keep BOJ exit from stimulus distant
    on February 23, 2018 at 4:01 am

    TOKYO (Reuters) - Japan's core consumer inflation was steady in January from a year earlier in a sign a strengthening economy has yet to prompt companies to raise prices, a challenge policy makers have yet to overcome despite years of massive stimulus. […]

  • Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner
    on February 23, 2018 at 3:00 am

    NEW YORK (Reuters) - U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter. […]

  • CBI arrests owner of pen maker Rotomac in bank probe
    on February 22, 2018 at 4:40 pm

    NEW DELHI (Reuters) - The Central Bureau of Investigation (CBI) probing wrongdoing in the banking sector arrested the owner of pen maker Rotomac Global and his son on Thursday, a spokesman said. […]

  • Indian investigators seize Nirav Modi's Rolls-Royce, Porsche in $1.8 billion PNB fraud probe
    on February 22, 2018 at 1:02 pm

    MUMBAI (Reuters) - The Enforcement Directorate (ED) said on Thursday it has seized a Rolls-Royce Ghost, a Porsche Panamera and some half a dozen more luxury vehicles belonging to billionaire jeweller Nirav Modi and his firms, in a probe into an alleged $1.8 billion fraud against state-run Punjab National Bank. […]

  • Train shortage, power demand to drive resurgence in India's coal imports
    on February 22, 2018 at 10:42 am

    BAMBOLIM, India (Reuters) - Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign supplies. […]

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