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PRESS DIGEST- New York Times business news - March 8
March 8, 2017 / 5:33 AM / 9 months ago

PRESS DIGEST- New York Times business news - March 8

March 8 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- A report commissioned by the U.S. government and reviewed by The New York Times has accused Caterpillar, the heavy-equipment maker, of carrying out tax and accounting fraud.

- ZTE pleaded guilty and agreed to pay $1.19 billion in fines as part of a settlement for breaking sanctions and selling electronics to Iran and North Korea, on Tuesday.

- The "Made in China 2025" program, which calls for enormous Chinese government assistance to 10 industries, would force out competitors from abroad and lead to government-subsidized global players that would compete unfairly, according to a report by the European Union Chamber of Commerce in China.

- Khalid Al-Falih, Saudi Arabia's energy minister and chairman of Saudi Aramco, brushed aside the concerns relating to the valuation of Saudi Arabian Oil Co IPO-ARMO.SE on Tuesday, seeking to build confidence that the Saudi Aramco offering would be the richest ever.

- U.S. President Donald Trump met with Harvey Levin, the founder of TMZ, in a meeting last Wednesday that went unmentioned on his public schedule. (Compiled by Parikshit Mishra in Bengaluru)

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