Wells Fargo’s profit for the fourth quarter came in ahead of Wall Street’s targets, even as the bank had to dole out another USD 3.3 billion in fines and penalties to help resolve numerous scandals from recent years. Wells earned USD 2.9 billion, or 67 cents per share
Bank of Korea raises interest rates
South Korea’s central bank raised its policy interest rate by 25 basis points on Friday, as expected, but bond yields plunged in response to comments suggesting its 1-1/2-year rate-hike campaign had ended. The benchmark 10-year treasury bond yield dived as much as 14.3 basis points to 3.270%, its lowest since late August and far below the Bank of Korea’s policy rate
We count a lot on India’s G-20 leadership: IMF MD
At a time when the world is faced with continued economic slowdown and social distress, the international community counts a lot on India’s leadership of G-20, the Managing Director of the International Monetary Fund said Thursday.
S Korean police seek manslaughter charges over deadly crush
South Korean police are seeking charges of involuntary manslaughter and negligence against 23 officials, including law enforcement officers, for a lack of safety measures they said were responsible for a crowd surge that killed nearly 160 people. Despite anticipating a weekend crowd of more than 100,000, Seoul police had assigned 137 officers
Family reunites in China after 3-year Covid separation
Chu Wenhong would fly back to Shanghai and visit her parents at least once a year after she moved to Singapore in 1994.
Japan charges Yamagami for the murder of Abe
Japanese prosecutors on Friday indicted Tetsuya Yamagami, suspected of killing former Prime Minister Shinzo Abe, reported CNN. 42-year-old Yamagami was indicted on murder charges as well as for violating gun laws after concluding a roughly six-month psychiatric evaluation.
Sri Lanka to downsize army to 135,000 next year
Sri Lanka will reduce the size of the army to 135,000 by 2024 from the current approved number of 200,783, a state minister said here on Friday. The number will be further reduced to 100,000 by 2030, State Minister of Defense Pramitha Bandara Tennakoon said in a press release.
Trump’s company sentenced for tax fraud
New York judge on Friday sentenced Donald Trump’s namesake real estate company to pay a maximum $1.61 million criminal penalty after it was convicted of scheming to defraud tax authorities for 15 years. Justice Juan Merchan of the Manhattan criminal court imposed the sentence after jurors found two Trump Organization
Tornado hits Alabama; 9 deaths reported
Rescuers raced Friday to find any survivors trapped in debris after tornadoes barreled across parts of the South in a system that killed at least nine people in Alabama and Georgia and inflicted heavy damage on Selma, a flashpoint of the civil rights movement.
Singer Lisa Marie Presley, daughter of Elvis Presley, dies at 54
Lisa Marie Presley, a musician and the only daughter of rock ‘n’ roll legend Elvis Presley, died on Thursday after being rushed to a Los Angeles-area hospital, her mother said.