Former Maoist commander reinstated as Nepal’s finance minister

A general view of the Nepalese Parliament in Kathmandu, February 10, 2014. REUTERS/Navesh Chitrakar Register now for FREE unlimited access to Reuters.com Register KATHMANDU, July 31 (Reuters) – Nepal has reinstated its finance minister, the president’s office announced on Sunday, after an internal investigation found no evidence to prove he was involved in making illegal … Read more

‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says US envoy

HONG KONG, July 11 (Reuters) – The top US diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude and chilling” use of a sweeping national security law threatened its role as an international business hub. In at times strongly worded farewell remarks to the American … Read more

US court says some Trump financial records must be handed to House panel

WASHINGTON, July 8 (Reuters) – A US appeals court on Friday largely upheld a congressional subpoena seeking financial records from former President Donald Trump’s accounting firm Mazars, but said some of the lawmakers’ requests went too far. The US Court of Appeals for the DC Circuit unanimously ruled that the Democratic-controlled House Oversight Committee can … Read more

Ex-JPMorgan traders ‘ripped off’ metals market, prosecutor says at trial

July 8 (Reuters) – Three former JPMorgan Chase & Co (JPM.N) employees worked together to scam other traders in the precious metals futures market, a US prosecutor told a jury during opening statements in a closely watched criminal trial in Chicago on Friday . The bank’s former global precious metals desk head Michael Nowak, precious … Read more

Supreme Court ruling casts cloud over US leadership in global climate fight

UNITED NATIONS, June 30 (Reuters) – A Supreme Court ruling on Thursday limiting Washington’s authority to reduce carbon output from power plants will hurt global efforts to fight climate change by slowing America’s emissions cuts and undermining US leadership efforts on the international stage, according to diplomats. The conservative court’s 6-3 ruling, the latest in … Read more

Nikola founder asks judge to block evidence of ‘wealth’, ‘lifestyle’ in fraud case

Trevor Milton, founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, US, July 29, 2021. REUTERS / Eduardo Munoz / File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Trevor Milton, the billionaire founder and former chief executive of Nikola … Read more

Real estate firm Cushman & Wakefield held in contempt, fined $10,000 a day

July 5 (Reuters) – A New York judge on Tuesday held real estate firm Cushman & Wakefield PLC (CWK.N) in contempt of court for not producing documents subpoenaed in a probe of former US President Donald Trump’s business practices. The judge ordered the company to be fined $10,000 a day until it complied. Attorney General … Read more

Real estate giant appeals ‘each and every part’ of contempt order in New York Trump probe

NEW YORK, July 6 (Reuters) – Cushman & Wakefield (CWK.N), which appraised several properties belonging to Donald Trump, on Wednesday appealed “each and every part” of an order finding it in contempt of court related to subpoenas in a civil probe into whether the former US president manipulated asset values. Justice Arthur Engoron of a … Read more