Reuters

By Xie Yu

HONG KONG (Reuters) - A group of creditors of China South City has filed a lawsuit in Hong Kong against the developer's biggest state-owned shareholder to recover $1.4 billion, according to a court filing and a source familiar with the matter.

The lawsuit is the first such case against a Chinese state shareholder of a developer for recovery of payments owed to creditors under the keepwell provision since the property sector... (continue reading...)

BERLIN (Reuters) - The number of people out of work in Germany rose more than expected in May, Federal Labour Office figures showed on Tuesday.

The office said the number of unemployed grew by 25,000 in seasonally adjusted terms. Analysts polled by Reuters had expected that figure to rise by 10,000.

"The spring recovery did not really get going this year," said labour office head Andrea Nahles. "Improvement is still a long time coming."

ANKARA (Reuters) - A Turkish military training plane crashed in the central province of Kayseri on Tuesday, killing two soldiers, the defence ministry said.

The SF-260 D training aircraft took off from an air base in Kayseri with two pilots on board for training excercises, and crashed for an unknown reason, the ministry said.

Emergency teams were dispatched to the crash site and found out that both pilots were killed in the crash,... (continue reading...)

(Reuters) - Rare earths miner Northern Minerals on Tuesday said some of the company's data has been compromised and released on the dark web from the cyberattack it faced in late March this year.

The leaked data includes the firm's corporate, operational and financial information, details relating to current and former personnel, and some shareholder information, the company said.

The breach did not have a material impact on its... (continue reading...)

ZURICH (Reuters) - Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on Tuesday.

The call is one of FINMA's demands for increased powers after the authority came under fire over its handling of Credit Suisse's collapse last year.

"Today, the publication of enforcement proceedings is the exception," Walter told the... (continue reading...)