Suspected metals fraud in China sparked claims of betrayal by both U.S. bank Citigroup Inc and trade house Mercuria over who would absorb about $270 million in exposure to financing deals, a London court heard on Wednesday.
Japan's powerful industry ministry has summoned Shigehisa Takada, chairman and CEO of Takata Corp, to explain what the company is doing to resolve a crisis over potentially deadly air bags, two people with knowledge of the matter told Reuters.
A coalition of 17 U.S. states sued the Obama administration on Wednesday saying it acted illegally by issuing an executive order to ease the threat of deportation for millions of immigrants who are in the country without the proper documents.
France is ready to help China track down people suspected of corruption who may be on French soil, and does not rule out extraditing any it finds to Beijing, a justice ministry official said.
