BEIJING, China - The top aide to former Chinese President Hu Jintao has been placed under investigation for unspecified disciplinary violations, the official Xinhua News Agency said Monday, in a sign that President Xi Jinping is removing his predecessor's influences while consolidating his power.
MADRID - Spaniards who bought lottery tickets in an upper middle class Madrid neighbourhood hit the jackpot on Monday, cracking open bottles of champagne on the streets as they celebrated winning 400,000-euro ($490,000) payoffs from a 2.5 billion-euro ($3 billion) pot of cash divided among thousands of ticketholders.
(Reuters) - Struggling American Apparel Inc, which fired controversial Chief Executive Dov Charney last week, said it was evaluating a proposed takeover and announced the appointment of a new head of the board, sending its shares up in early trade. The clothing retailer and manufacturer said the proposed offer - from a party it did not identify - was pitched at $1.30 to $1.40 per share, which would value the company at $226 million-$243 million. The Wall Street Journal reported last week that private equity firm Irving Place Capital was interested in making a bid at $1.30 to $1.40 per share. ...
MADRID - A Spanish judge on Monday ordered the king's sister, Princess Cristina, to be tried along with her husband on charges of tax fraud â€” making her the first member of the country's royal family to face charges in court since the royalty was restored in 1975.
By Marc Jones LONDON (Reuters) - World share markets extended their rally into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment. Sentiment was also lifted by expectations that Greece could avoid destabilizing snap elections after Greece's Prime Minister Antonis Samaras made a surprise offer to bring pro-European independents into the government if they backed his choice for new president. ...
MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, warning the full effects would be felt next year.
LONDON (Reuters) - Britain will widen the scope of laws which make the manipulation of market benchmarks a criminal offense to include seven more rates covering the currency, gold, oil and silver markets by April 1, the government said on Monday.