U.S. Fed Board Governors held an open meeting to discuss a final rulemaking requiring sponsors of securitization transactions to retain risk in those transactions.
Oct 232014
Oct 232014
Lloyds Banking Group, one of the largest high street banks in Britain, Wednesday is reported to cut about 9,000 jobs, or 11 percent of its workforce, in the next three years.
Oct 232014
Austrians are the highest money savers in Central and Eastern Europe (CEE), saving on average 238 U.S. dollars a month, Erste Group reported in its Savings Barometer Wednesday.
Oct 232014
Drilling by an Italian-South Korean energy consortium for natural gas in a section of Cyprus’ exclusive economic zone is going on normally despite harassment by Turkish navy vessels, the Cypriot Energy Ministry said in a statement on Wednesday.
Oct 232014
Vietnam will maximize its efforts to narrow economic gap with other countries, Vietnamese President Truong Tan Sang said on Wednesday.
Oct 222014
China’s leading solar firm LDK Solar Co., Ltd filed for bankruptcy protection in the United States Wednesday as a key step for the troubled company’s overseas debt restructuring.
Oct 222014
European Commission Vice President Gunther Oettinger in Brussels on Tuesday said that financial gap over the Ukraine gas issue still need to be addressed.
Oct 222014
Japan logged a good trade deficit of 958.3 billion yen (about 8.95 billion U.S. dollars) in September, marking the 27th straight month of red ink, government data showed Wednesday.
Oct 222014
The European Union (EU) on Tuesday fined U.S. banking giant J.P. Morgan more than 61 million euros (about 78 million U.S. dollars) for its participation in an illegal cartel aimed at influencing the benchmark interest rate.
Oct 222014
After a slight decline in August, U.S. existing home sales rebounded in September to their highest annual pace of the year, the National Association of Realtors (NAR) said Tuesday.