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After protests, French PM vows to help youth get jobs

Paris / AFP French Prime Minister Manuel Valls unveiled measures on Monday to help young people find work, aiming to quell weeks of protests against the government’s proposed reforms to labour laws. Young people have been at the forefront of mass demonstrations against the reforms over the past month, which the government argues are aimed at making France’s rigid labour ...

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Standard Chartered seeks to sell $4.4 billion of Asian assets

Bloomberg Standard Chartered Plc is seeking to sell at least $4.4 billion of assets in Asia, people with knowledge of the matter said, as the lender pares its balance sheet after booking record impairments. The London-based bank is speaking with potential buyers for about $1.4 billion of stressed loans made to Indian firms including GMR Infrastructure Ltd., according to the ...

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RBI chief builds record reserves to strengthen Asia’s worst currency

Bloomberg Reserve Bank of India(RBI) Governor Raghuram Rajan is going all out to build up the nation’s foreign-exchange reserves as he seeks to augment the rupee’s defenses. The stockpile grew to an unprecedented $359.76 billion in the week to April 1, Reserve Bank of India data showed. The reserves surged as Governor Raghuram Rajan bought dollars to take advantage of ...

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