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Foundation run by Chinese dissident faces Swiss bank account closure

TAIPEI (Taiwan News) — The Chinese dissident artist Ai Weiwei (艾未未) has made public that Credit Suisse is closing his foundation’s bank account due to the artist’s supposed criminal ...

India Insight: Elbows out on world’s factory floor

“Make in India” could start to live up to its motif of a lion on the prowl. Local and foreign companies are queuing up to tap incentives for creating large onshore manufacturing capacity i...

NOT REAL NEWS: A look at what didn't happen this week

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked ...

Credit Suisse foresees $4.7B charge over hedge fund default

GENEVA (AP) — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4 billion Swiss francs ($4.7 billion) in connection with a pr...

Asian shares mostly rise amid mixed market signs

TOKYO (AP) — Asian shares were mostly higher on Tuesday as investors focused on causes for optimism despite a weak close on Wall Street. Japan's benchmark edged up 0.2% to finish at...

Business Highlights

___ WHO report: COVID likely 1st jumped into humans from animals GENEVA (AP) — A joint World Health Organization-China study on the origins of COVID-19 says that tr...

Credit Suisse faces possible loss from hedge fund default

BERLIN (AP) — Swiss bank Credit Suisse said Monday that it may face a “highly significant” loss resulting from a default by a U.S.-based hedge fund on margin calls that it and other banks made last we...

EXPLAINER: What's a SPAC, the latest craze on Wall Street?

CHARLOTTE, N.C. (AP) — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sh...

Progress made on return of illegal kickbacks in Lafayette Frigate case

The Ministry of Justice on Friday confirmed that progress has been made in its pursuit of illicit kickbacks involved in the long-running Lafayette frigate scandal. The confirmation came after Switz...

Credit Suisse indicted over alleged ties to Bulgarian mafia

GENEVA (AP) — The Swiss attorney general’s office said Thursday it has filed an indictment against bank Credit Suisse for allegedly failing to do enough to stop money laundering linked to drug traffic...

Dutch court calls for criminal probe into former ING CEO

THE HAGUE, Netherlands (AP) — A Dutch court on Wednesday ordered prosecutors to open a criminal investigation into the former CEO of ING bank, Ralph Hamers, for his role in a money laundering scandal ...

Today in History

Today in History Today is Tuesday, Dec. 8, the 343rd day of 2020. There are 23 days left in the year. Today’s Highlight in History: On Dec. 8, ...

US envoy insists pressure on Iran will persist under Biden

ABU DHABI, United Arab Emirates (AP) — The U.S. special representative for Iran insisted Thursday a pressure campaign of sanctions targeting Iran would persist into the administration of Joe Biden, ev...

Swiss bank set to pay $79M in FIFA corruption settlements

ZURICH (AP) — A Swiss bank implicated in FIFA corruption investigations said Monday it has agreed to a settlement in principle with the U.S. Department of Justice and set aside $79.7 million to pay ex...

Hugo Chavez's ex-nurse indicted in US for money laundering

MEDELLIN, Colombia (AP) — Hugo Chávez’s former nurse has been charged with money laundering in a Miami federal court, accused of taking bribes from a billionaire media mogul to green light lucrative c...