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Singapore slaps penalties on StanChart, Coutts in 1MDB-related probe | | Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund. The penalties - of S$5.2 million ($3.65 million)and S$2.4 million, respectively - were the latest punitive measures taken by the central bank in its crackdown on money laundering, having ordered the closure earlier this year of the local units of Swiss banks BSI and Falcon. MAS is also in the process of issuing a prohibition order against Tim Leissner, Goldman Sachs' former Southeast Asia chairman.
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Death toll from devastating Tennessee wildfire climbs to 11 | | The death toll from a devastating blaze in and around the Great Smoky Mountains National Park in Tennessee rose to 11 on Thursday, the highest loss of civilian life from a single U.S. wildfire in 13 years. Investigators have determined the so-called Chimney Tops 2 fire, which laid waste to whole neighborhoods in the resort town of Gatlinburg earlier this week, was caused by unspecified human activity, officials said. Total property losses from the fire have been put at more than 700 structures, with most of the destruction in Gatlinburg, known as the "gateway to the Great Smoky Mountains," in eastern Tennessee, about 40 miles (64 km) southeast of Knoxville.
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Trump takes populist message to U.S. heartland in "thank you" tour | | By Emily Stephenson CINCINNATI (Reuters) - President-elect Donald Trump kicked off his post-election "thank you tour" on Thursday by railing against globalization, promising the return of manufacturing jobs to American workers, and vowing to shut U.S. borders to some Middle East migrants. Speaking in an arena that was about three-quarters full, Trump rallied the crowd by repeatedly attacking the "extremely dishonest" media and invoking the populist message that resonated with millions of voters. "From now on it's going to be America first, okay?" Trump said as he stressed job-creation spurred by trade deals he intends to renegotiate, including the North American Free Trade Agreement.
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South Korea's scandal-tainted Park to face impeachment vote next week | | By Jack Kim SEOUL (Reuters) - South Korean opposition parties said on Friday they will hold a parliamentary impeachment vote on scandal-tainted President Park Geun-hye next week, while her own party remains undecided on whether to force her out of office. Park has offered to resign and asked parliament on Tuesday to decide how and when she should step down over the influence peddling scandal but the opposition has rejected it as a delaying tactic to avoid impeachment. If Park is forced out of office or resigns, she will be the first democratically elected South Korean president not to serve a full term.
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CORRECTED: Callers for dollars: Inside India's scam call centers | | (Corrects penultimate paragraph to say two rupees is around three U.S. cents and not a third of a U.S. cent in story released on November 30) By Rajendra Jadhav, Euan Rocha and Rahul Bhatia MUMBAI (Reuters) - In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud". Charges include conspiracy to commit identity theft, impersonation of an officer of the United States, wire fraud and money laundering.
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Factbox - Trump fills top jobs for his administration | | U.S. President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. The following is a list of Republican Trump's selections for top jobs in his administration. All the posts but that of national security adviser require Senate confirmation: DEFENSE SECRETARY: JAMES MATTIS Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan.
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Contenders, picks for key jobs in Trump's administration | | REUTERS - U.S. President-elect Donald Trump said on Thursday he would nominate retired Marine Corps General James Mattis for defense secretary, the latest of about a dozen picks he has announced for high-level positions since winning the Nov. 8 presidential election. Below are people mentioned as contenders for senior roles as Trump works to form his administration before taking office on Jan. 20, according to Reuters sources and media reports. See the end of list for posts already filled. ...
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Approval rating of South Korea's Park remains at record low 4 percent - poll | | SEOUL (Reuters) - South Korean President Park Geun-hye's approval rating remained at a record low of 4 percent, according to a Gallup Korea opinion poll released on Friday, amid a growing political scandal. Park is under intense pressure to step down over a corruption scandal involving a close friend accused of meddling in state affairs. Gallup Korea, based in Seoul, is not affiliated with U.S.-based Gallup Inc. (Reporting by Jack Kim and Yun Hwan Chae; Editing by Paul Tait)
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Johnson & Johnson hit with over $1 billion verdict on hip implants | | A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay more than $1 billion to six plaintiffs who said they were injured by Pinnacle hip implants. J&J, which faces more than 8,000 lawsuits over the hip implants, said in a statement it would immediately appeal the verdict and was committed to defending itself and DePuy from further litigation over the Pinnacle devices.
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Brazil Senate boss Calheiros indicted for embezzlement | Thursday, December 01, 2016 11:29 PM | |
| By Lisandra Paraguassu BRASILIA (Reuters) - Brazil's Supreme Court indicted the president of the Senate, Renan Calheiros, on Thursday for embezzlement, a ruling that is expected to fan growing tensions between the judiciary and Congress over corruption cases. The top court voted 8-3 to try the senator on charges of misusing public funds in a nine-year-old case involving the payment of child support for a daughter Calheiros had in an extramarital affair. Calheiros was indicted for billing the Senate for car rentals with false contracts.
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Trump warns of consequences for U.S. firms sending jobs abroad | Thursday, December 01, 2016 11:25 PM | |
| By Emily Stephenson INDIANAPOLIS (Reuters) - President-elect Donald Trump warned on Thursday that U.S. companies would face "consequences" for outsourcing jobs abroad, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico. "Companies are not going to leave the United States anymore without consequences. Trump, who takes office on Jan. 20, did not say what the consequences would be, but he frequently threatened during the election campaign that his administration would put a 35 percent import tariff on goods made by American manufacturers that moved jobs offshore.
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