Indian shares declined for a second straight session on Monday as state-run lenders fell further amid continued worries about the fallout from a $1.77 billion fraud reported by Punjab National Bank last week.
The European Central Bank stopped all payments by Latvian lender ABLV Bank on Monday as its liquidity position has deteriorated after accusations by United States authorities of breaching sanctions against North Korea, it said on Monday.
Nestlé is accusing the Changing Markets Foundation of inaccuracies in its report released last week which revealed that Nestlé is violating ethical marketing codes and manipulating customers in its baby milk range.
Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East.
Former World Bank Official and Economics Professor Marouane el Abassi were confirmed by Tunisia’s parliament as the new central bank governor on Thursday, promising “extraordinary measures” to lift the country’s economy.