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IMF says property bubble in China a concern

The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two.
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EU banks face fines if they fall short on capital

Banks in the European Union could face fines of up to 10 percent of turnover if they fail to comply with tougher capital and liquidity rules, the bloc's financial services chief said on Wednesday.
A man is held by police after he tried to attack News Corp Chief Executive and Chairman Rupert Murdoch during a parliamentary committee hearing on phone hacking at Portcullis House in London

Rupert Murdoch’s Tryst with Shaving Cream Attacker

As the scandal hit media tycoon Rupert Murdoch's Tuesday's parliamentary committee hearing was progressing, a man nonchalantly approached Murdoch and slapped a plate of shaving cream in his face and shouted, You are a greedy billionaire. Wendi Deng, Murdoch's wife, and his son James Murdoch promptly defended the attacker with Deng, a former volleyball player, slapping the assailant.
Wendi Deng, wife of media magnate Rupert Murdoch, stands on the field with daughters Chloe Murdoch (R) and Grace Murdoch

Who is Wendi Deng Murdoch? [PHOTO & VIDEO]

Today Wendi Deng Murdoch shielded her husband, the head of News International, from a foam pie attack at his Parliamentary committee hearing today in the United Kingdom.

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