FOREX-Dollar at 4-month highs against euro on virus concerns, economic outlook

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FOREX-Dollar at 4-month highs against euro on virus concerns, economic outlook

… * Coronavirus concerns boosts safe haven bid for dollar * U.S. economic picture more bullish than eurozone’s * Australian dollar sinks to lowest since 2009 (New throughout, updates prices, market activity and comments to U.S. market open, new byline, …
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Union Bank of India likely to recover Rs3,000 crore in March quarter: CEO

MUMBAI : Public sector lender Union Bank of India is expecting to recover and upgrade loans worth Rs3,000 crore in the March quarter, that could take its total recoveries to Rs8,000 crore in FY20, the bank’s chief executive Rajkiran Rai G. said on Monday.
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Tentative deal reached in Western Forest Products and United Steelworkers dispute

The agreement announced Monday morning is tentative, but the company said in a statement that the union had indicated it would recommend its members accept the contract. Stephanie Ip. Updated: February 10, 2020. A tentative deal has been reached in …
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Ghosn used Nissan-Mitsubishi venture to inflate pay – lawyers

AMSTERDAM (Reuters) – Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the firms said …
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Lending from Cash Reserve Ratio buffer to get 5-year exemption: RBI

The Reserve Bank on Monday said the special lending window with CRR exemption will be open from February 14 and incremental loans disbursed under this facility will have CRR exemption for the next five years. This means that banks will not be needed …
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