Citigroup reports Fraud in Mexico Unit, Lowers 2013 Results

Citigroup Inc (C.N) said on Friday that it has discovered at least $400 million in fraudulent loans in its Mexico subsidiary and said employees may have been in on the crime.


Canada Pension Plan Investment Board to Invest ₹1,000 Crore in L&T Unit

Canada Pension Plan Investment Board (CPPIB) is set to invest ₹1,000 crore ($161.4 million) in L&T Infrastructure Development Projects (L&T IDPL), a unit of La...

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Facebook Buys WhatsApp: $19 Billion Shocker Investment is Equal to Total Annual Lending by World Bank

Facebook's investment of $19 Billion in WhatsApp messaging service is equal to the total annual lending by World Bank.

Gold Prices to Swing Next Week Ahead of Federal Reserve QE Taper Decision

Gold could lose investment allure if dollar strengthens on Fed move.

Mexico to End 75-Year State Monopoly in Oil Sector to Compensate Production Shortfall

Mexico would pass bill that would allow output sharing and licenses for outside oil producers.

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