Business

One of the two sources told Bloomberg that one of the matters Bank Leumi Le-Israel Ltd has been discussing with the US government involves its Swiss unit and those who have been filed criminal charges linked to tax evasion.

Prosecutor David Perry told the nine-member jury at the trial of former Hong Kong government official Rafael Hui that the defendant had worked on a private consulting deal with Thomas and Raymond Kwok at the time when the government agency he has been running had renewed a HK$103 million lease with the billionaire brothers' company, Bloomberg said.

In an event co-hosted by the Christian Science Monitor, White House counselor John Podesta told reporters that he is confident that the proposed rule to reduce carbon levels in power plants could survive through the next presidency.