U.S. fast food giant McDonald’s will open its first ever vegetarian-only restaurant in India by the middle of next year, said a report by AFP on Wednesday, in an attempt to retake the top spot as the world’s largest fast food chain, which it lost to Subway last year.
The China Development Bank (CDB), one of the nation’s three policy banks known primarily for making big loans to other state-owned entities, has begun lending large amounts of cash to private firms around Asia, reported the Wall Street Journal on Tuesday, while other banks cut back on lending amid the present economic climate.
Facebook shares fell to a record low on Tuesday after several analysts, including those at Morgan Stanley, the lead underwriter of the company’s initial public offering, cut their price targets on the stock – citing reductions in the social network’s revenue projections.
Samsung Electronics Co has vowed to conduct an inspection on all of its Chinese parts-suppliers for any form of labour violations, said a report by Reuters on Monday, following accusations that a supplier had been using under-aged labour at their factories.
U.K. banking giant Barclays Plc has been accused of making as much as 529 million pounds ($838 million) over the last two years from speculating on food staples such as wheat and soy, claimed a report by The Independent on Saturday, with experts now warning of a “speculative bubble” that could cause further pain in an already enveloping global food crisis.
U.S. financial regulators are in the midst of investigating German financial giant Deutsche Bank, along with several other European banks, for their alleged ties with sanctioned nations such as Iran and Sudan, reported the New York Times on Saturday, with both federal and state prosecutors said to be involved in the case.
Employees at Google will now be able to enjoy “death benefits” as part of the company’s ever-evolving employment perks, reported CBS News on Tuesday, after the company promised to pay half of an employee’s annual salary to his/her spouse or partner for 10 years after his/her demise.
Investors at Standard Chartered Bank are reportedly unconvinced by the company’s attempts to defend itself from allegations that it assisted Iran with over $250 billion in financial transactions, said Reuters on Thursday, with many investors now blaming StanChart’s lack of direct communication with shareholders for limiting its share price recovery.
Standard Chartered plc may be suspended from doing business on Wall Street indefinitely, reported the New York Times on Monday, after New York’s top banking regulator, the New York State Department of Financial Services (DFS), accused the British bank of hiding nearly $250 billion in financial transactions to Iran that were in clear violation of U.S. law.
Europe’s oldest independent bourse, the London Stock Exchange Group (LSE), have entered into informal talks to merge with the Singapore Exchange (SGX), reported The Telegraph on Thursday, in a deal that could potentially form the third largest exchange group in the world in terms of trades.
