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Judge takes over questioning ex-AIG chief Hank Greenberg

The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore entity, known as Capco, to hide $200 million in underwriting losses from shareholders. The transaction is one of two at the heart of a 2005 case against…

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Judge takes over questioning ex-AIG chief Hank Greenberg

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Goldman feels the heat in Asia as IPO engine slows

By Denny Thomas and Sumeet Chatterjee HONG KONG (Reuters) – Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region. Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatisation in 1997.

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Goldman feels the heat in Asia as IPO engine slows

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Oil falls on persistent glut fears, China data supports

By Ron Bousso LONDON (Reuters) – Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. U.S. West Texas Intermediate (WTI) futures were down 50 cents at $45.18 a barrel. While the price collapse over the past two years has led to

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Oil falls on persistent glut fears, China data supports

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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon

By Makiko Yamazaki TOKYO (Reuters) – The head of the developer behind Nintendo Co Ltd's Pokemon GO said he wanted to launch the smash-hit mobile game in roughly 200 countries and regions “relatively soon” and was working on bolstering server capacity to enable the wider rollout. The game, which marries a classic 20-year old…

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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon

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Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

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Coming wave of gas puts focus on finding new shores

By Ron Bousso and Oleg Vukmanovic LONDON (Reuters) – Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. “We are ready to go downstream as much as it takes to unlock gas demand,

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Coming wave of gas puts focus on finding new shores

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Blackstone denies seeking to acquire Brazil mall operator

Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA , denying a report published early in the day by newspaper O Globo. “We are not actively engaged in acquisition discussions for BR Malls,” Blackstone said in an emailed statement. The Brazilian newspaper, without citing sources for its information, said early Sunday that Blackstone had hired JP Morgan Chase & Co. to help it consider acquiring a controlling stake …

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Blackstone denies seeking to acquire Brazil mall operator

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Tesla says Model 3 orders top $10 billion in first 36 hours

By Paul Lienert DETROIT (Reuters) – Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours — a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, …

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Tesla says Model 3 orders top $10 billion in first 36 hours

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Panama lawyer at center of data leak denounces attack on privacy

The head of a Panama-based law firm at the center of a massive leak of offshore financial data on Sunday denied any wrongdoing, and said his firm has fallen victim to “an international campaign against privacy”. German newspaper Suddeutsche Zeitung said it received a cache of 11.5 million leaked documents from the law firm's database, and …

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Panama lawyer at center of data leak denounces attack on privacy

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Asian shares firm after solid U.S. jobs data, dollar soft

By Hideyuki Sano TOKYO (Reuters) – Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while last week's dovish comments from Federal Reserve Chair Janet Yellen kept the U.S. dollar in check. Oil…

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Asian shares firm after solid U.S. jobs data, dollar soft

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