Punjab National Bank's shares plunge, as scam costs add up to nearly $2B

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The shares of India's Punjab National Bank fell 8.9% late on Monday after announcing that the cost of fraudulent transactions could add $204M to the previously-reported $1.77B.
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Tue, 27 Feb 2018 07:18:00 GMT

South Korean ex-President Park may face 30-year jail term

On Tuesday, South Korea's prosecutors sought a 30-year term in prison for the former President Park Geun-hye, after she had been ousted due to an influence-peddling row last year.

Tue, 27 Feb 2018 05:51:48 GMT

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According to the International Energy Agency, the United States is set to overtake the Russian Federation as the global leader in oil production by 2019.

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