(MENAFN - AFP) Deutsche Bank is suing a former top executive of its China operations for $3.9 million, according to reports, accusing him of transferring the sum to an account held by another company at a Chinese bank.
Lee Zhang was previously chairman of Deutsche Bank China and head of global banking in the Asia-Pacific region.
(MENAFN - AFP) Tata Motors' net profit more than tripled in the first quarter, the Indian giant said Monday, as sales soared at its British luxury marque Jaguar Land Rover.
India's biggest automaker said consolidated group net profit climbed to 53.98 billion rupees ($882.3 million) in the three months to June from 17.26 billion rupees for the same quarter of the previous ...
(MENAFN - AFP) German luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market, it said Monday.
An investigation by Chinese authorities found that an Audi dealer network had "violated national anti-monopoly laws", the brand's China arm said in a statement, adding the Audi joint venture involved ...
(MENAFN - AFP) When Pope Francis visits South Korea this week, he will find a thriving Catholic community with a social and political influence that belies its minority status in one of Christianity's most muscular Asian strongholds.
The visit will recognise the vicious persecution of early Korean Catholics, with the beatification by Francis of 124 martyrs executed for their ...
(MENAFN - AFP) The rusting hulks of tanks and field artillery are a common sight in the jungles of Peleliu, but the fighting that scarred the Pacific island in WWII also left a more dangerous legacy - unexploded bombs.
A Japanese airfield made the 10-kilometre (six-mile) long island a prized asset during the conflict, with the Americans determined to seize it at any cost.