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Indian rupee falls to all-time low against dollar

Indian rupee falls to all-time low against dollar

The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey‘s growing financial crisis could spread to other developing-world economies. Indian Economic Affairs Secretary Subhash Chander Garg told reporters that there was “nothing at this stage to worry” about after the rupee reached 70.1 to the dollar earlier in […]

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Citigroup shakes up consumer bank and card chief leaves

Citigroup shakes up consumer bank and card chief leaves

NEW YORK (Reuters) – Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results. A Citigroup office is seen at Canary Wharf in London, Britain May 19, 2015. REUTERS/Suzanne Plunkett The changes will “harmonize” Citigroup’s consumer business with operating […]

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South Korea bans driving BMWs under recall due to fires

South Korea bans driving BMWs under recall due to fires

South Korea will ban driving recalled BMWs that haven’t received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component. South Korea’s Ministry of Land, Infrastructure and Transport said Tuesday the ban taking effect Wednesday affects about 20,000 vehicles. Drivers cannot use the cars except for taking them […]

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