Business

South Korea's LG Electronics Inc, whose appliance chief has been indicted on a charge of purposely damaging Samsung Electronics Co Ltd washing machines, issued a video clip that it says shows the executive was merely testing its rival's products in plain view at a store in Germany.

HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.

LG Electronics Inc's home appliances chief was indicted on a charge of deliberately damaging Samsung Electronics Co Ltd washing machines, escalating the feud between South Korea's top consumer electronics companies.