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UCO Bank reports Rs17.2 billion loss, courtesy bad loans

  Kolkata / Bloomberg UCO Bank, an Indian state-owned lender with 629 deliberate defaulters, reported the highest bad loan ratio among banks in the South Asian nation. Shares fell the most in three months. Provisions for soured debt at the Kolkata-based company more than doubled to about 23 billion rupees ($344 million) in the three months through March from a ...

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Hezbollah vows to support Assad as military chief killed

  Beirut / AFP Lebanese Shiite militant group Hezbollah on Saturday blamed extremists for killing its top military commander in Syria and vowed to keep fighting to defend President Bashar Al Assad’s regime. The movement has deployed thousands of fighters in Syria where Mustafa Badreddine had led its intervention in support of Assad’s forces, which are also backed by Russia and ...

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Indian court: Former UN climate head to stand trial

  NEW DELHI / AP A court in India’s capital ruled Saturday that there’s enough evidence in a stalking and sexual harassment case for former UN climate chief Rajendra Pachauri to stand trial. Judge Shivani Chauhan announced that the next hearing in the case will be on July 11, the Press Trust of India news agency reported. Police filed charges against ...

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