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Anti-China MPs disqualified from Hong Kong parliament

  Hong Kong / AFP A Hong Kong court on Tuesday ruled to disqualify two pro-independence lawmakers from parliament, a week after Beijing said it would not allow the pair to be sworn into office as fears grow of the city’s liberties coming under threat. Baggio Leung and Yau Wai-ching deliberately misread their oaths of office, inserted expletives and draped ...

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Millions throng Indian banks to change currency

  AP India’s government said on Tuesday it will use indelible ink to mark the fingers of people swapping scrapped currency notes at banks as authorities struggle to deal with the bedlam caused by the sudden demonetizing of the country’s highest-denomination bills. India announced a week ago that it was withdrawing 500 and 1,000 rupee notes as legal tender to ...

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Paschi offers nearly 100% face value in $4.6bn debt swap

  Bloomberg Banca Monte dei Paschi di Siena SpA will offer a voluntary debt-for-equity swap on 4.29 billion euros ($4.6 billion) of subordinated securities as part of its effort to reduce the amount of stock the struggling Italian lender would need to sell in its turnaround plan. The bank is offering shares in exchange for Tier 1 securities and Tier ...

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