Financial news on June 20, 2009
Business and Financial news
Ajay Banga, the head of Citigroup’s Asia Pacific region, is leaving the troubled bank for a top management post at MasterCard. Read more..
For technology fans, Apple’s release of its latest devices are as good as it gets. Read more..
A court seized the Norwegian telecommunications company’s stake in VimpelCom after it refused to pay a $1.7 billion fine in a legal dispute with a Russian cellphone company. Read more..
As Western demand for luxury sweaters erodes, goat farms in Inner Mongolia are feeling the impact. Read more..
Prosecutors claim that the regulator looked the other way, allowing R. Allen Stanford to run a Ponzi scheme that cheated investors out of $7 billion. Read more..
The move to regulation of tobacco by the Food and Drug Administration has happened in part because of the effort of a former cigarette executive. Read more..