VIDEO: US government sues Bank of America
06:51am 7 August 2013
The US government filed two lawsuits against Bank of America relating to fraud on $850m (£553m) of mortgage-backed securities.
VIDEO: US government sues Bank of America
06:51am 7 August 2013
The US government filed two lawsuits against Bank of America relating to fraud on $850m (£553m) of mortgage-backed securities.
Obama targets twin mortgage giants
04:07am 7 August 2013
US President Barack Obama urges a revamp of the housing market that would "wind down" government-owned mortgage giants Fannie Mae and Freddie Mac.
Obama targets twin mortgage giants
04:07am 7 August 2013
US President Barack Obama urges a revamp of the housing market that would "wind down" government-owned mortgage giants Fannie Mae and Freddie Mac.
India names new central bank chief
03:22am 7 August 2013
India has picked a former International Monetary Fund chief economist as the head of its central bank, as it struggles to revive its slowing economy.
India names new central bank chief
03:22am 7 August 2013
India has picked a former International Monetary Fund chief economist as the head of its central bank, as it struggles to revive its slowing economy.
VIDEO: Taking a taxi in New York and Havana
01:07am 7 August 2013
Taxis are transport options in most cities around the world, but how do they vary in price around the globe?
Forging back to growth
12:23am 7 August 2013
The man who rebuilt his business and feels like a lottery winner
Forging back to growth
12:23am 7 August 2013
The man who rebuilt his business and feels like a lottery winner
Carney's Bank of England set to join forward guidance club
12:12am 7 August 2013
LONDON (Reuters) - Mark Carney faces his first big test as Bank of England governor on Wednesday when the central bank spells out how it will try to stop higher borrowing costs from snuffing out...
UK watchdog rules against Airbus in jet advert row
12:07am 7 August 2013
LONDON (Reuters) - The UK's advertising watchdog has ruled against Airbus over its complaint that a Boeing Co advert used misleading figures to promote one of its aircraft against a rival made by the...
U.S. accuses Bank of America of mortgage-backed securities fraud
12:02am 7 August 2013
WASHINGTON/NEW YORK (Reuters) - The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential...
Analysis - Rising Thai household debt spurs rate tussle as economy slows
11:41pm 6 August 2013
BANGKOK (Reuters) - A growing mountain of debt owed by Thailand's households has sparked a tussle between the country's central bank and finance minister on the best way to steer Southeast Asia's...
Materials sector leads US stocks lower
10:56pm 6 August 2013
Materials sector was 1% lower with financials and consumer discretionary areas off 0.9% and 0.8% respectively
Cambodia's garment industry at crossroads
10:28pm 6 August 2013
Cambodia's garment factory workers demand higher wages
Cambodia's garment industry at crossroads
10:28pm 6 August 2013
Cambodia's garment factory workers demand higher wages
US government sues Bank of America
09:52pm 6 August 2013
The US government filed two separate lawsuits against Bank of America relating to fraud on $850m (£553m) of mortgage-backed securities.
VIDEO: Factory boss recovers from recession
09:35pm 6 August 2013
Manufacturing output up by 1.9% as retailers also see fastest sales growth for seven years as consumers rush to buy summer goods
G4S abandons tagging contract bid
08:53pm 6 August 2013
G4S pulls out of bidding for new contracts for tagging criminals in England and Wales following claims it had been overcharging for the service.
Fed may cut bond buys as soon as next month - Evans
08:50pm 6 August 2013
CHICAGO (Reuters) - The U.S. Federal Reserve will probably reduce its massive bond-buying stimulus programme later this year, and depending on the economic data could do so as early as next month, a...
India names ex-IMF heavyweight as new central bank chief, rupee at new low
08:49pm 6 August 2013
MUMBAI/NEW DELHI (Reuters) - India named a former International Monetary Fund chief economist to head its central bank on Tuesday, giving fresh impetus to efforts to revive a struggling economy and a...
CBS chief slams Time Warner Cable, calls offer a 'gesture'
08:33pm 6 August 2013
(Reuters) - CBS Corp Chief Executive Leslie Moonves on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout of the network and dismissed the cable company's offer as a "...
Three bidders out as Rio faces lacklustre Canadian sale - sources
08:25pm 6 August 2013
LONDON (Reuters) - Three big-name bidders for Rio Tinto's majority stake in Canada's largest iron ore producer are now out of the running, sources familiar with the talks said on Tuesday, after...
Merkel challenger Steinbrueck takes aim at ECB low rates policy
06:51pm 6 August 2013
FRANKFURT (Reuters) - Chancellor Angela Merkel's main challenger in next month's German election criticised ECB President Mario Draghi's pledge to keep interest rates at record lows for an extended...
UBS to pay $49.8 million to settle SEC fraud charges over CDO
06:44pm 6 August 2013
(Reuters) - UBS AG agreed to pay $49.8 million (£32.4 million) to settle U.S. Securities and Exchange Commission charges it misled investors about a risky mortgage bond transaction that soured during...
Growth data offers Italy hope, but political crisis rumbles
06:42pm 6 August 2013
ROME (Reuters) - Italy's economy shrank less than expected in the second quarter, adding to signs its longest post-war recession is bottoming out, but a simmering political crisis could yet derail...
Analysis - Commodity funds on track for big launch year in uncertain market
06:38pm 6 August 2013
NEW YORK (Reuters) - An ex-Glencore oil trader and a veteran grains merchant with futures broker R.J. O'Brien are among those behind the largest number of commodity fund launches in 3 years despite...
Sirius Minerals says remains optimistic about UK potash project
06:21pm 6 August 2013
(Reuters) - Sirius Minerals Plc said any weakness in potash prices would be a short-term phenomenon and that it remained optimistic about its $1.7 billion (£1.1 billion) potash project in North...
McColl will not increase Ibrox stake
06:20pm 6 August 2013
Jim McColl says he will not invest further in Rangers after he is invited to do so to have any say in the running of the club.
G4S withdraws bid for $231 million UK tagging contract
06:07pm 6 August 2013
LONDON (Reuters) - Security company G4S has withdrawn its bid for a 150 million pound ($231 million) electronic tagging contract, Britain's Ministry of Justice said, after the firm came under fire...