AP A US congressional committee is investigating how hackers managed to divert US$101 million from Bank of Bangladesh accounts held at the Federal Reserve in New York. The February theft led the Bangladesh central bank’s chairman to resign, and added to worries about the security of online bank data. This week, the Science Committee in the US House of ...

  REUTERS Kuwait’s Gulf Bank said a court ruled in favour of the lender in a 55.3 million dinar (US$182.99 million) dispute with The Cube Group to auction assets, according to a bourse filing. This is to go towards covering part of its debt to the lender, Gulf Bank said in the statement. The court ruling is final, the statement ...

  Bloomberg Brazil’s state development bank BNDES will sell equity assets and utilize concessions and privatisations as it seeks to attract the private investment needed to pull Latin America’s largest economy out of recession, according to the bank’s new president. Maria Silvia Bastos Marques took over as head of the bank known as BNDES, saying she will personally oversee the ...