S.Korean prosecutors demand 10-year prison term for Lotte chairman over corruption

15:35, October 30, 2017

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  Ex-ArthoCare CEO sentenced to 20 years in US prison for fraud

  The former chief executive of medical device company ArthroCare Corp was sentenced on Friday to 20 years in prison after being convicted of having orchestrated what federal prosecutors called a $750 million securities fraud.Michael Baker, 58, was sentenced by U.S. District Judge Sam Sparks in Austin, Texas after a federal jury in August found him guilty of securities fraud, wire

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  Canada imposes sanctions on 30 Russians over death of lawyer

  A picture of lawyer Sergei Magnitsky is seen on his grave in the Preobrazhensky cemetery in Moscow March 11, 2013. Photo: REUTERS/Mikhail Voskresensky Canada imposed sanctions on Friday against 30 Russian officials that it said were complicit in the 2009 prison death of Sergei Magnitsky, an anti-corruption lawyer who was jailed after alleging a massive tax fraud.The measures - which

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  Oil near 2-year high; growing global demand supports market

  A general view of the Centenario deep-water oil platform in the Gulf of Mexico off the coast of Veracruz, Mexico January 17, 2014. Picture taken January 17, 2014. REUTERS/Henry RomeroOil prices rose on Friday, nearing their highest levels in more than two years, supported by rising global demand and physical prices and continuing expectations that OPEC and other producing countries