Senior Barclays bankers paid Qatar £322m in secret fees during the financial crisis in return for bailout funds, a court heard on Wednesday. The case against four former executives has been filed by the UK's Serious Fraud Office over Barclays' £11.8bn rescue.
Spanish opposition parties have launched a fierce campaign to end the conservative government of Mariano Rajoy after courts ruled that his Partido Popular profited from a large kickbacks-for-contracts scheme. The Socialist opposition announced a vote of no confidence against the prime minister with the backing of anti-establishment and left-wing parties, while the pro-business Ciudadanos (Citizens) – which had supported the conservative minority government until now – urged Mr Rajoy to call a fresh election.
China Security Regulatory Commission exposed its biggest-ever case of stock market manipulation in a show of strength by the new securities regulator, who has vowed to crack down on rampant illegal trading.
Venezuela’s government giant oil corporation sacked half its board of directors Thursday after PDVSA ’s pension fund lost about 500 million US dollars in a Ponzi scheme linked to a Connecticut-based investor.
Ecuador's President Rafael Correa victory margin in Saturday’s ten question referendum on planned media, banking and judicial reforms has narrowed dramatically according to the latest figures released by the National Electoral Council.