Chinese stocks trading in New York rebounded as an accord between U.S. regulators and Deloitte Touche Tohmatsu CPA Ltd. damped concern that a ban on the Asian nations’ accounting firms would delay earnings reports.
Deloitte Touche Tohmatsu CPA Ltd. should be ordered to appear in a U.S. Court for rejecting a Securities and Exchange Commission demand for documents related to an investigation of its former client Longtop Financial Technologies Ltd., an SEC lawyer said.
Deloitte Touche Tohmatsu CPA Ltd. agreed with the U.S. Securities and Exchange Commission to end a lawsuit aimed at forcing the China-based firm to release documents related to its audits of Longtop Financial Technologies Ltd.
Inspectors from billionaire Anil Ambani’s electricity retailer BSES Rajdhani Power Ltd. entered a village near New Delhi last week hunting for tampered meters. Residents responded by beating them with iron rods.