EU strikes deal on rules to prevent rigging of market benchmarks| Reuters
Nov 26, 2015 at 02:30 | Source:
BRUSSELS European Union negotiators reached a preliminary agreement on Wednesday on new rules to stop the rigging of market benchmarks, after attempted manipulation of the Libor and Euribor interest rates indexes by banks.The EU executive arm had pro...
Barclays to pay $120 million in U.S. Libor litigation - lawyers| Reuters
Nov 14, 2015 at 10:45 | Source:
NEW YORK Barclays Plc agreed to pay $120 million to settle private U.S. litigation accusing it of conspiring with rivals to rig the benchmark interest rate known as Libor, lawyers for the plaintiffs said on Friday.The British bank is the first to res...
It's the most profitable time to sell a house in the US, buyers are scarce
Nov 06, 2015 at 00:56 | Source:
WASHINGTON: It's the most profitable time to sell a house since the Great Recession started in late 2007. But first-time buyers are increasingly scarce.More Americans are qualifying for mortgages, yet minorities still get disproportionately rejected....
Barclays must face U.S. class action over Libor| Reuters
Aug 22, 2015 at 03:45 | Source:
NEW YORK Barclays Plc (BARC.L) shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.U.S. District ...
RBI Governor Raghuram Rajan in favour of punishing black money holders
Feb 20, 2015 at 22:38 | Source:
Panaji: Reserve Bank Governor Raghuram Rajan on Friday favoured punishing black money holders by streamlining laws that should be enforced better.Terming the black money issue as "sensitive" he said what is important is ensuring that condit...
Budget 2015: Aptech bats for credit guarantee fund in education sector
Feb 20, 2015 at 15:29 | Source:
Here is what Ninad Karpe, MD and CEO, Aptech Ltd expects from government on education front:-- Accessible and affordable education loan crucial to achieve skill development goal: Millions of students in India who cannot pursue higher/vocational educa...
Liberals work to lure Elizabeth Warren into White House race
Feb 14, 2015 at 05:30 | Source:
MANCHESTER, N.H. (Reuters) - The scene in the New Hampshire office is one common to any nascent U.S. presidential campaign in the state that holds the country's first primary contest: Young staffers peck away at laptops and unpack boxes of signs with...
Buying that exotic home overseas just got easier thanks to Raghuram Rajan
Feb 04, 2015 at 11:46 | Source:
Buying that dream home in an exotic location abroad just got easier as the Reserve Bank of India (RBI) on Tuesday doubled the annual overseas investment ceiling for individuals to $2,50,000 from $1,25,000 as India's foreign exchange reserves have sca...
Tony Abbott's stumbling blocks with Australian voters
Feb 02, 2015 at 13:07 | Source:
Australian Prime Minister Tony Abbott has defended his government and pledged to ride out public criticism, amid growing rumblings of a possible leadership challenge. Mr Abbott threw Kevin Rudd from power in the September 2013 general election, conde...
Dec 01, 2014 at 04:12 | Source:
Calcutta Telegraph News
Life insurance has never been a very tempting financial option for the young. Investing in insurance will be the last thing in your mind when you are in your 20s. Fresh out of college with loads of hopes and aspirations, you are set to take the firs...
Eurostar rail stake touted for sale by UK government
Oct 13, 2014 at 12:47 | Source:
The UK government is seeking buyers for its 40% stake in the cross-Channel train operator Eurostar to help boost the public finances. The intention to sell was set out last year in the government's Autumn Statement and National Infrastructure Pl...
Ex-Rabobank trader pleads guilty to rate rigging
Aug 19, 2014 at 19:02 | Source:
A former senior trader at Rabobank has pleaded guilty to interest rate rigging in the US. Paul Robson is the second trader at the Dutch bank to plead guilty to trying to rig the Yen Libor rate and the first Briton to do so. Last year Rabobank paid $1...
Iraq unrest: Gunmen seize hospital with stranded Indian nurses
Jul 02, 2014 at 16:13 | Source:
Asthe crisis in Iraq escalates, Indian nurses in Tikrit told Human Rights watchdog Amnesty International India that armed men had seized control of the government hospital where they wereemployed and are stranded.Nurses also told Amnesty that the gun...
US house price growth slows as demand weakens
May 28, 2014 at 05:52 | Source:
US housing price growth slowed to just 0.2% in the first three months of 2014, latest figures show. According to the S P/Case-Shiller index, the slowdown in growth compared with the previous quarter was partly caused by tighter bank lending regulatio...