A British resident held at Guantanamo Bay for more than four years returned to Britain a free man on Monday and accused the U.S. government of inflicting medieval torture on him -- with British collusion.
Investors queuing to pour cash into discounted corporate debt are in for a risky ride as hedge funds continue to dump assets on the market and default rates have yet to peak.
Debt-laden miner Rio Tinto may try to persuade irate shareholders to back a $19.5 billion tie-up with Chinalco by offering them bonds on the same terms as the Chinese company, according to a newspaper article on Monday.
Rio declined to comment on the article by commentator Michael West on the Sydney Morning Herald's Web site (www.smh.com.au), which gave no source for...
Europe said on Sunday it was time to get tough with tax havens and strictly oversee all financial markets as part of sweeping reforms to avoid future meltdowns.
European Union leaders met in Berlin to forge a common approach to the global economic downturn that they can take to a meeting in April of the G20, a group of rich and big emerging economies charged with reforming the rules of world fina...
was blamed by some politicians for exacerbating the banking crisis and economic meltdown.
In the United States, regulators will soon launch a series of stress tests to determine which of the U.S. banks should get bigger capital cushions in case of a deeper recession, a person familiar with the plans of President Barack Obama's administration said.
The largest U.S. banks are well capitali...
European leaders meeting in Berlin on Sunday backed oversight of the world's financial markets and products, including hedge funds, and urged that sanctions be drawn up to punish tax havens.
A copy of the chair's summary from a summit hosted by Chancellor Angela Merkel and seen by Reuters describes the situation in financial markets as fraught and says structural reforms and a focus on ...
Royal Bank of Scotland is to announce a restructuring this week to create a non-core division into which unwanted assets will be placed, a banking industry source said on Sunday.
said in a statement the customer accounts were frozen until legal claims could be sorted out.
Also, a federal judge presiding over the Stanford case, U.S. District Judge Reed O'Connor, was recused because a relative has substantial Stanford holdings, according to a court filing.
The Stanford scandal, hard on the heels of allegations that Wall Street veteran Bernard Madoff carried out a $50...
European leaders meet on Sunday to form a consensual approach to tackle the global economic crisis, while U.S. President Barack Obama is due to unveil an ambitious plan to cut the ballooning deficit in half by 2013.
Financial markets plumbed new lows last week on fears governments may have to intervene to nationalize struggling banks and as grim global economic data sent investors scurrying to se...
If the government gives more help to Bank of America Corp and Citigroup Inc in the near term, it will likely stop short of nationalization, even if a full takeover would be best for the banking system.
said in a statement the customer accounts were frozen until legal claims could be sorted out.
Also, a federal judge presiding over the Stanford case, U.S. District Judge Reed O'Connor, was recused because a relative has substantial Stanford holdings, according to a court filing.
The Stanford scandal, hard on the heels of allegations that Wall Street veteran Bernard Madoff carried out a $50...
Regulators seized on Friday Texas billionaire Allen Stanford's banks and companies in Antigua and Barbuda, the Caribbean state at the center of fraud charges against him, as the financier surrendered his passport to U.S. authorities.
Antigua's government, which in 2006 gave Stanford a knighthood, and the Eastern Caribbean Central Bank announced the takeovers after a rush by depositors this week...
General Motors Corp's European brands are near collapse, with Germany's Opel in need of more state funding and the Swedish government rejecting Saab's plea for state aid until its business plan was sound.
Filing for protection from creditors on Friday, Saab said it would present a reorganization proposal within three weeks while court filings revealed it estimates its losses in 20...
Texas billionaire Allen Stanford, accused of defrauding investors around the globe, stayed out of sight on Friday as governments and clients counted the cost of his alleged $8 billion securities scam.
Zimbabwean President Robert Mugabe celebrates his 85th birthday on Saturday facing a tough year even by the standards of such a veteran political survivor
Mining group Anglo American Plc (AAL.L) (AGLJ.J) scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19,000 jobs as it posted a 1 percent fall in profit, missing analysts' forecasts.
Texas billionaire Allen Stanford, accused of an $8 billion fraud that spooked investors around the world, was served with the formal complaint on Thursday by FBI agents in Virginia.
a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters.
Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws.
Peru's securities regulator suspended the operations of a local Stanford unit.
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a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters.
Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws.
Peru's securities regulator suspended the operations of a local Stanford unit.
PREVI...
U.S., Latin American and European investigators widened probes on Thursday into the far-flung financial empire of Texas billionaire Allen Stanford, accused of massive fraud, and Venezuela seized one of his banks.
A healthy U.S. auto industry is vital for a sound U.S. economy and by extension for Japanese carmakers, a Tokyo-based auto lobby said, giving a tacit nod to the latest request for federal aid from ailing rivals in Detroit.
Delegates to this year's Mobile World Congress in Barcelona are getting down to the business of cost-cutting and doing what deals they can as the industry adjusts to the realities of global economic downturn.
