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Tag Archives: billion

HSBC Bankers Face Charges in $3.5 Billion Currency Case

The global banking giant HSBC has repeatedly found itself in the cross hairs of American regulators and prosecutors in recent years. To settle allegations of money-laundering and mortgage abuses, it has paid billions of dollars — but has not been criminally charged. That has spurred an outcry that the bank ...

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Volkswagen to Pay $14.7 Billion to Settle Diesel Claims in U.S.

By HIROKO TABUCHI and JACK EWING June 27, 2016 Volkswagen has agreed to pay up to $ 14.7 billion to settle claims stemming from its diesel emissions cheating scandal, in what would be one of the largest consumer class-action settlements ever in the United States. The proposed settlement involving the federal government and lawyers ...

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Vietnam forex reserves hit record high of $38 billion

Vietnam’s foreign exchange reserves have risen 26.6 percent this year to around US$ 38 billion, the highest ever level, news website Saigon Times Online quoted the central bank governor as saying. The State Bank of Vietnam has bought nearly $ 8 billion this year, Le Minh Hung said. He expected ...

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Vietnam gov't plans to borrow over $20 billion this year

The Vietnamese government will borrow VND452 trillion (US$ 20.08 billion) this year to make up for its budget deficit and refinance its existing debts, according a plan recently approved by Prime Minister Nguyen Xuan Phuc. In comparison, that was an increase of 50.6 percent from the government’s borrowings in 2013.  ...

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Back taxes in Vietnam rise to $3.36 billion: data

Old, unpaid personal and business taxes in Vietnam swelled to VND76 trillion (US$ 3.36 billion) at the end of April, up 4.3 percent from December, local media reported, citing the General Department of Taxation. Many businesses made losses and even closed down, thus being unable to pay taxes in time, Vietnam ...

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