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Corporate News 10 Aug 2014 | 5:55 PM

From an Indian jail, tycoon tries to sell the New York Plaza

NEW DELHI/MUMBAI; It's hardly the $30,000 a night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries to sell the iconic hotels.

Business 01 Aug 2014 | 8:57 AM

US Industry Summary

NEW YORK/WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday

Business 29 Jul 2014 | 7:24 AM

Court orders Russia to pay US$50bil for seizing Yukos assets

MOSCOW/LONDON/AMSTERDAM: An international arbitration court ruled on Monday that Russia must pay US$50 billion (£29.44 billion) for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.

Property 26 Jul 2014 | 12:00 AM

Homebuyer due diligence

A COMMERCIAL transaction normally commences with due diligence being conducted prior to much consideration being put into the written agreement. This measure has two effects – it prevents the parties from sealing a detrimental deal and also time wastage over unfruitful discussions.

Business 05 Jul 2014 | 6:51 AM

China jails 68 people in bust of online gambling ring worth US$78bil

BEIJING: China has jailed 68 people for up to nine years for online gambling, state media said on Friday, making it the country's largest such bust of a ring, which was valued at $78 billion.

Business 30 Jun 2014 | 8:02 AM

Sex video is new twist in GSK China bribery scandal

LONDON: GlaxoSmithKline on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker's business in China.

Business 19 Jun 2014 | 8:06 AM

China scolds Vietnam for 'hyping' South China Sea oil rig row

HANOI/BEIJING: China's top diplomat scolded Vietnamese officials during talks in Hanoi on Wednesday for "hyping up" a row over a Chinese oil rig drilling in disputed waters in the South China Sea, in tough comments that suggest relations will remain rocky.

Economy 27 May 2014 | 1:43 PM

All eyes on India’s new finance minister Jaitley

NEW DELHI: Hardened by a term in prison as a student leader and burnished by a career as a successful and urbane courtroom lawyer, Arun Jaitley, India's new finance minister, could prove an effective foil for Prime Minister Narendra Modi.

Economy 27 May 2014 | 11:25 AM

Thai army focuses on econmy, stifles dissent

BANGKOK: Thailand's military rulers will settle down to work at their Bangkok headquarters on Tuesday, firmly in charge after royal endorsement but facing small protests that the security forces have so far handled with restraint.

Business 26 May 2014 | 8:14 AM

US Industry Summary

ESPN is considering selling online access to live Major League Soccer games to consumers without pay TV subscriptions, an experiment that could help the sports network find ways to generate revenue outside the traditional pay television system.