TOKYO— Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp., the companies said Thursday. "This decision furthers Citi's global strategy of focusing our resources where we feel we have a competitive advantage," Citibank CEO Peter B. Eliot said in a statement. Citigroup said it also is considering selling its credit...» Read More
*Working with CIMB Investment Bank on restructuring plan. *Deal could cost Khazanah 1.05 billion ringgit at 21 sen per share.
WASHINGTON, July 1- Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
July 1- Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances. Twitter shares rose as much as 4.8 percent after the messaging service announced its latest upper-management shake-up.
TOKYO, July 1- AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel markets.
June 30- Hewlett-Packard Co and attorneys representing shareholders confirmed on Monday they had agreed to settle litigation over the $11.1 billion acquisition of British software company Autonomy Corp..
June 30- A federal appeals court has revived a lawsuit against CACI International Inc by four former Iraqi detainees who claimed the U.S. defense contractor's employees directed their torture at the Abu Ghraib prison near Baghdad.
June 30- A federal appeals court on Monday revived a lawsuit against CACI International Inc, in which the defense contractor's employees were accused of directing the torture of detainees at the Abu Ghraib prison near Baghdad. CACI employees had conducted interrogation and other services at Abu Ghraib.
June 30- A federal appeals court on Monday revived a lawsuit against CACI International Inc in which the defense contractor's employees were accused of directing the torture of detainees at the Abu Ghraib prison near Baghdad.
Asian governments need to publicly disclose their military budgets in order to build trust and avoid a regional arms race, says Japan's Shinzo Abe.
The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.
Asia's leaders must ensure respect for international law and nowhere is that need clearer than at sea, says Japanese Prime Minister Shinzo Abe.
The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
A consumer rights law firm said it filed a lawsuit against Google alleging the company "illegally monopolized" the Internet and mobile search market.
Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
As Obama visits, Japan is accelerating the pace of negotiations on economic partnerships to open its economy further, says Prime Minister Shinzo Abe.
Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case
It will be weeks before results are in for India's national elections, but investors have already picked their favorite.
China may have the world’s second-largest economy but here are five reasons why it will fail to dominate global commerce, says investor Ed Sappin.