Saudi authorities net $106 billion in corruption settlements

By AYA BATRAWY, Associated Press DUBAI, United Arab Emirates (AP) — A wide-reaching anti-corruption campaign shrouded in secrecy and intrigue has netted more than $106 billion in financial settlements with 56 people remaining in custody, Saudi Arabia said on Tuesday. Saudi Attorney General Saud al-Mojeb said the settlements reached include seizure of real estate assets, commercial […]

US stocks edge lower in early trading; oil prices slide

By ALEX VEIGA, AP Business Writer The major U.S. stock indexes were down slightly in early trading Monday, as losses in technology companies outweighed gains elsewhere. Energy stocks also declined as crude oil prices headed lower. Banks posted solid gains as bond yields rose. Investors were weighing the latest corporate deal news, including Keurig’s acquisition of […]

Global stocks recoup losses, dollar steady as eyes on Trump

By YOUKYUNG LEE, AP Business Writer SEOUL, South Korea (AP) — Stocks mostly rose Friday, recouping losses from earlier in the week, as the dollar steadied against other currencies. Investors are watching for President Donald Trump’s comments later in the day to the World Economic Forum in Davos, Switzerland. KEEPING SCORE: Britain’s FTSE 100 gained 0.4 […]

Guatemala arrests businessmen in tax corruption scheme

GUATEMALA CITY (AP) — Guatemalan prosecutors have announced the arrest of several business executives and former government officials implicated in a fraudulent tax-refund scandal. The special prosecutor against corruption says those arrested include a former top official of the country’s tax collection agency. Prosecutor Juan Francisco Sandoval alleged Thursday that the official charged commissions to […]