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Lessons from a slow-motion robot takeover

From the cab of Rodney Terry’s state-of-the-art John Deere cotton stripper, harvesting cotton seems like the easiest job in the world. We chug along at 4 or 5 miles an hour, watching the giant machine’s bright yellow fingers gobble up eight rows of bolls at a time. White rows magically turn brown as we pass over them. Then comes the ...

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Jeweller to stars ‘accused’ of massive India bank fraud

Bloomberg One of India’s biggest banks has accused jeweller Nirav Modi — who’s dressed stars including Kate Winslet and Priyanka Chopra — of involvement in a multi-billion dollar fraud that could extend to other lenders, said people familiar with the matter. Punjab National Bank filed a complaint with the Central Bureau of Investigation, the federal investigation agency, alleging that Modi ...

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Singapore’s big banks see rise in Q4 profit

Bloomberg Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. reported higher fourth-quarter profit even as they added bad-loan provisions in an effort to put the pain of soured credit to energy-services companies behind them. OCBC’s specific net allowances for loans quadrupled year-on-year to S$1.06 billion ($802 million) in the three months ended December, the bank said on Wednesday. Risks from ...

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