Bloomberg German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds at its Singapore unit. Now, the company is fighting back by questioning the foundations of the allegations. A preliminary review last May by a respected Singapore law firm lists allegations of potential financial irregularities, money ...

Bloomberg Publicis Groupe SA is setting off alarm bells on Madison Avenue as the ad industry’s earnings season gets under way. The French owner of Saatchi & Saatchi and Leo Burnett Worldwide suffered a surprise drop in fourth-quarter sales, blaming cuts in ad spending by consumer brands in the US. So-called organic revenue fell 0.3 percent in the quarter, missing ...

Bloomberg India’s central bank unexpectedly cut its benchmark interest rate in Governor Shaktikanta Das’s debut policy meeting, a shift that provides more of the stimulus Prime Minister Narendra Modi’s government needs to stoke growth as an election nears. The repurchase rate was reduced by 25 basis points to 6.25 percent, a decision predicted by just 11 of 43 economists surveyed ...