By Karen Freifeld NEW YORK (Reuters) - German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. Other U.S. authorities, including the Department of Justice, the Treasury Department, the Federal Reserve and the Manhattan District Attorney, are also involved in the talks. Among the violations being investigated are Commerzbank's transactions for the Islamic Republic of Iran Shipping Lines, one of the sources said. The state-sponsored shipping company was designated for economic sanctions by the United States in 2008 for allegedly supporting Iran's proliferation of weapons of mass destruction.
JAKARTA, Indonesia (AP) — A day after Indonesia's presidential elections failed to produce a clear winner, Jakarta's police chief promised to prevent violence by cracking down on anyone celebrating prematurely. With both candidates continuing to claim victory, the next leader of the world's third-largest democracy could be decided in court.
By Zoran Radosavljevic and Aleksandar Vasovic ZITISTE Serbia 2014 (Reuters) - Complaining they had worked without pay for months late last year, employees of the Serbian farming company Agroziv staged a short strike in January. The company, a poultry producer in the north of the country, was short of cash and pleaded for more time to pay wages, workers said. Some workers grew so desperate they were buying bread on credit from local bakers.