India's Top Lender Stops Handling Trade With Sanctioned Russian Entities - Sources

India’s Top Lender Stops Handling Trade With Sanctioned Russian Entities – Sources

By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine, according to a letter seen by Reuters and people familiar with the matter. “No transactions involving entities, banks, ports or vessels appearing”…

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Toshiba CEO Resigns Amid Growing Opposition To Restructuring Plans

Toshiba CEO Resigns Amid Growing Opposition To Restructuring Plans

TOKYO (Reuters) – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans. Senior executive Taro Shimada, a former executive of Germany’s Siemens AG, will become the new head of the company. The appointments are effective Tuesday. (Reporting by Makiko Yamazaki;…

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FTC Prepares For Possible Challenge To Amazon's $8.5 Billion MGM Deal - The Information

FTC Prepares For Possible Challenge To Amazon’s $8.5 Billion MGM Deal – The Information

(Reuters) – The U.S. Federal Trade Commission is gearing up for a potential antitrust lawsuit challenging Amazon.com Inc’s $8.5 billion takeover of MGM Studios by exploring actions including hiring expert witnesses, the Information reported on Monday. The FTC will decide how to proceed within the next few weeks, according to the news website’s report citing…

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Australia Financial Crime Watchdog Slaps Money Laundering Lawsuit On Crown Resorts

Australia Financial Crime Watchdog Slaps Money Laundering Lawsuit On Crown Resorts

SYDNEY (Reuters) – Australia’s financial crime watchdog filed a wide-ranging civil lawsuit against casino operator Crown Resorts Ltd on Tuesday, accusing it of failing to assess risks of money laundering and terrorism financing at its only two operational resorts. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said the company started by billionaire James Packer…

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