Exit polls signal big victory for India's Modi

May 13, 2014

Exit polls signal big victory for India's Modi

Hindu nationalist Narendra Modi called for unity in India as exit polls signaled his opposition bloc would win a majority in national elections, boosting his chances of taking power after pledging to revive Asia’s third-largest economy. Modi’s Bharatiya Janata Party and its allies will ...

High cost, corruption claims mar Brazil World Cup

May 12, 2014

High cost, corruption claims mar Brazil World Cup

The cost of building Brasilia’s World Cup stadium has nearly tripled to $900 million in public funds, largely due to allegedly fraudulent billing, government auditors say. The spike in costs has made it the world’s second-most expensive soccer arena, even though the city has ...

Hong Kong property moguls on trial in huge graft case

May 8, 2014

Hong Kong property moguls on trial in huge graft case

A blockbuster corruption trial involving Hong Kong property tycoons Thomas and Raymond Kwok opened Thursday, with all five defendants pleading innocent to bribery charges. The brothers, who jointly chair development giant Sun Hung Kai Properties, and Hong Kong’s former chief secretary Rafael Hui, were ...

Yanukovych 'mafia' stole $100 billion

May 1, 2014

Yanukovych 'mafia' stole $100 billion

Ukraine’s chief prosecutor has accused Viktor Yanukovych of heading a mafia-style syndicate whose crimes cost the former Soviet republic up to $100 billion and said some of the stolen money is now being used to fund Russian-backed separatists. The former president fled to Russia ...

Apr 26, 2014

U.S. expands probe into banks' hiring

U.S. government agencies that have been probing banks’ hiring of the children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with the matter said. The Justice Department and the Securities and Exchange ...

Ailing Algerian leader re-elected

Apr 19, 2014

Ailing Algerian leader re-elected

Algerian President Abdelaziz Bouteflika, the independence veteran in power for 15 years, won re-election Friday with more than 80 percent of a vote that opponents dismissed as fraud to keep an ailing leader in power. Bouteflika had cast his vote sitting in a wheelchair ...

China investigates two more allies of former security chief

Apr 13, 2014

China investigates two more allies of former security chief

Two officials with ties to China’s powerful former domestic security chief, Zhou Yongkang, have been placed under investigation, Chinese media and officials said, amid ramped-up speculation that Zhou himself is being targeted. Zhao Miao, a standing committee member of the Communist Party committee in ...

Apr 12, 2014

Top China activist defiant in court

A top Chinese legal activist defiantly denounced Beijing’s high court as “absurd” Friday as it upheld his prison sentence for supporting anti-graft protests, his lawyer said. Xu Zhiyong, 40, was sentenced to four years in prison in January for backing demonstrations in which a ...