The default of Lehman Brothers bank shows communication at clearing houses could be improved, a report from a pan-EU market watchdog said on Monday.
Major cities are getting a bad rap for the disproportionately high greenhouse gases they emit even though their per capita emissions are often a fraction of the national average, a new report said on Monday.
European carbon futures gained nearly two percent on Monday on stronger oil and natural gas, reversing three straight days of losses, traders said.
UBS , the world's biggest wealth manager, has axed a team of six private bankers in Singapore, who were managing wealth for Turkish clients, sources familiar with the situation told Reuters on Monday.
Stock index futures pointed to a sharply higher open on Monday after the U.S. government released details of a plan to clean up toxic assets from banks' balance sheets, a crucial component of efforts to stabilize the recession-hit economy.
General Growth Properties Inc remained in talks on Sunday with bondholders it was trying to persuade to accept reduced terms, The Wall Street Journal reported.
The United States offered on Monday financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep U.S. recession.
Asian stocks rose to a two-month high on Monday and high-yielding currencies advanced on the yen after details of a U.S. plan to rid banks of up to $1 trillion in toxic assets bolstered confidence in risk taking.
Asian stocks rose to a two-month high on Monday and high-yielding currencies advanced on the yen after details on a U.S. plan to rid banks of up to $1 trillion of toxic assets improved confidence about risk taking.
Wall Street's attempt to recover further from 12-year lows faces its biggest test yet this week in the Treasury's long-delayed bank rescue plan.
The United States on Monday offered generous financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep U.S. recession.
Several options are on the table about what to do after the government seized the nation’s largest U.S. corporate credit union, which had taken on an unacceptably high set of risky investments.
The U.S. government will create an entity called Public Investment Corp. that will draw upon the resources of government agencies and private investors to buy risky loans and other assets which investors have shied away from purchasing, according to a report.
Some of American International Group Inc's biggest rivals have urged U.S. Federal Reserve Chairman Ben Bernanke to prevent the insurance giant from using the government rescue to win an advantage, particularly by cutting prices, The Wall Street Journal reported.
S&P 500 stock index futures rose in electronic trading on Sunday after media reports detailed the U.S. Treasury's three-pronged bid to cleanse the financial system of toxic assets clogging banks' balance sheets.
The U.S. Treasury Department is planning to give private capital groups more details on Sunday about incentives the government will provide to ensure their participation in a plan to buy up banks' troubled assets, a source familiar with the matter said.
Bondholders holding some $27 billion of General Motors Corp debt on Sunday sent a letter raising urgent concerns about GM's stalled debt restructuring talks to the White House task force overseeing federal funding for the automaker's turnaround effort.
Wall Street's attempt to recover further from 12-year lows faces its biggest test yet this week in the Treasury's long-delayed bank rescue plan.
Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America.
Bondholders holding some $27 billion of General Motors Corp debt on Sunday sent a letter to the White House task force overseeing the bailout of the auto industry, to register concern with the lack of progress in GM's debt restructuring talks.
Deep in the last stronghold of the struggling U.S. auto industry, Rosario Criscuolo says he owes the survival of his business to Toyota Motor Corp .
China's commerce minister said on Sunday that the country was still open to foreign investment after the government rejected Coca-Cola's $2.4 billion bid to buy top Chinese juice maker Huiyuan .
