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Toyota shuts India plants over pay dispute

Toyota has suspended production at its two Indian auto assembly plants in response to alleged threats against management and "deliberate" assembly-line stoppages, as efforts to hammer out a labour deal failed.

Read more: Toyota shuts India plants over pay dispute

   

US sues 16 banks for rigging Libor rate

The US Federal Deposit Insurance Corp. (FDIC) has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

Read more: US sues 16 banks for rigging Libor rate

   

First chargesheet filed in India coal scandal

India's federal investigation agency has filed the first chargesheet in the coal block allocation scandal in a Delhi court, local media have reported.

Read more: First chargesheet filed in India coal scandal

   

'Face behind Bitcoin' rejects magazine claim

The Japanese American man Newsweek magazine claims is the founder of Bitcoin has denied he had anything to do with the digital currency.

Read more: 'Face behind Bitcoin' rejects magazine claim

   

US judge rejects $9bn ruling against Chevron

A US judge has upheld oil company Chevron's allegations that an Ecuadorian court decision ordering it to pay $9.5bn for oil pollution in the Amazon jungle was fraudulently obtained.

Read more: US judge rejects $9bn ruling against Chevron

   

Australia rejects Qantas loan request

Australia's government has rejected a request from Qantas Airways for a $2.7 billion unsecured loan to help the national carrier return to profitability, deciding instead to abolish foreign ownership restrictions, the prime minister said.

Read more: Australia rejects Qantas loan request

   

Cyprus approves privatisation bill

The Cypriot parliament has approved a roadmap for privatisations, averting a showdown with international lenders insisting on state sell-offs as part of a $13.77bn bailout package.

Read more: Cyprus approves privatisation bill

   

US court rejects BP pay-out appeal

A US appeals court has rejected oil and gas giant BP's call to prevent businesses from seeking financial reparations for the 2010 Gulf of Mexico oil spill.

Read more: US court rejects BP pay-out appeal

   

Sahara chief to remain in police custody

The head of India's Sahara conglomerate will remain in custody until a further order from India's Supreme Court, three lawyers involved in the matter have said, after a hearing in a case over the refund of money to investors in an outlawed bond scheme.

Read more: Sahara chief to remain in police custody

   

India orders probe into Rolls-Royce deal

India's defence ministry has ordered a bribery investigation over state-run Hindustan Aeronautics Limited's (HAL) purchase of jet engines from Britain's Rolls-Royce Holdings in a deal worth at least $1.2bn.

Read more: India orders probe into Rolls-Royce deal

   

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