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NEW YORK/CHICAGO: Wal-Mart Stores Inc employees who say the world's largest retailer's labor practices are unfair voiced their concerns to Wall Street analysts on Monday, claiming that problems like long lines and empty shelves are systemic.
MUMBAI: Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc (StanChart) moved compliance oversight work dealing with Iranian banking transactions to India to avoid US regulators.
NEW YORK/LONDON: A New York bank regulator's broadside against Standard Chartered Plc over transactions tied to Iran left investors and the bank questioning the action, which on Tuesday wiped US$17 billion off the bank's value.
BAODING, China: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China's fast-rising labour costs - they don't ask for a raise, get injured or go on strike.
WASHINGTON (Reuters) - U.S. payrolls likely rose by more than 200,000 for the fourth straight month in March, suggesting the economy is steadily healing and needs no extra monetary policy support from the Federal Reserve for now.
PENANG: Labour shortage, low wage structure, the Roundtable on Sustainable Palm Oil (RSPO) certification, stagnating yield, high taxes and levies as well as Malaysia losing its competitiveness in the palm-based downstream activities to Indonesia, hogged the limelight at the Incorporated of Society of Planters National Seminar 2011 (ISP NATSEM 2011) yesterday.