Your Money News

By Charlie Zhu and Bill Powell HONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches. Two were of particular note: Yang Weize …

By Karen Brooks (Reuters) - Federal investigators on Saturday searched for the cause of a rush-hour train crash in Connecticut that injured dozens of people commuting home from New York City, three of them critically. More than 60 people were hospitalized Friday night after an eastbound commuter train derailed and collided …

PARIS (Reuters) - The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported. LVMH said it would fight the findings of the watchdog's probe before its sanctions committee when it …

Kolkata, May 18 (IANS) Rejecting the bail plea of Saradha Group promoter Sudipta Sen and one of his close aides, a West Bengal court Saturday sent them to judicial custody till May 31. Before entering the court, Sen said he was happy over the government probe.

ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday. "We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told …

CAIRO (Reuters) - Egypt's main opposition bloc said on Saturday that a Muslim Brotherhood-backed bill to regulate human rights groups and other private organizations was an attempt to stifle their work. The National Salvation Front (NSF), an alliance of liberal and leftist opposition parties, said the draft law submitted …

TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the …

Kolkata, May 18 (IANS) Days after submitting an affidavit in the court opposing a Central Bureau of Investigation probe, Saradha chit fund scam's suspected kingpin Sudipta Sen Saturday said he was happy with the course of the investigation being carried out by the West Bengal Police.

By Swati Pandey and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Global banks that ship work …

India's investigation into whether Walmart may have bribed Indian officials to gain wider access to the country's vast market has been "closed" due to lack of evidence, a report said on Saturday.

JAKARTA (Reuters) - Freeport McMoRan Copper & Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing. Freeport closed the world's second largest copper mine on Wednesday, …

By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch …

May 18 (Reuters) - Cricket Australia is to investigate an extraordinary Twitter outburst by opening batsmen David Warner that attacked two senior Australian cricket journalists. The 26-year-old Warner criticised News Limited journalists Robert Craddock and Malcolm Conn in an expletive-filled tirade, which has created headlines …