Economy & Finance

Recession stalks France as business slump hits crisis levels

Published 21/03/2013

PARIS (Reuters) - French business activity shrank in March at the fastest pace in four years, defying expectations for an improvement and probably plunging the [more…]

Prominent entrepreneur says Goldman misrepresented debt fund

Published 20/03/2013

(Reuters) - The founder of a global medical device company who racked up personal losses of $1.4 million in a Goldman Sachs private debt fund [more…]

Stern Advice: New math for old mortgages

Published 20/03/2013

WASHINGTON (Reuters) - Wouldn't it be great if you could simply refinance your own high-interest mortgage, without going through a bank or paying closing costs? [more…]

UK unleashes the dogs of subprime: James Saft

Published 20/03/2013

(Reuters) - Cry ‘Bubble!' and let slip the dogs of subprime. Britain on Wednesday unveiled a new budget including 130 billion pounds of mortgage guarantees [more…]

Congressional Republican leader reassures muni bond issuers

Congressional Republican leader reassures muni bond issuers

Published 20/03/2013

WASHINGTON (Reuters) - One of the most powerful members of the Congress - House Majority Leader Eric Cantor - signaled his support on Wednesday for [more…]

Cyprus turmoil leaves rating agencies eyeing downgrades

Published 20/03/2013

LONDON (Reuters) - Rating agencies may give euro zone authorities an extra headache as Cyprus's up-in-air bailout plans leave them eyeing downgrades of the island [more…]

Deputy editor of Murdoch UK tabloid charged over payments

Published 20/03/2013

LONDON (Reuters) - British police, investigating allegations of phone-hacking centred on Rupert Murdoch's newspapers, charged the deputy editor of his top-selling Sun tabloid on Wednesday [more…]

Euro zone wants Cyprus, but it must act rationally: Nowotny

Published 19/03/2013

VIENNA (Reuters) - Keeping Cyprus in the euro zone is in the currency bloc's interests, European Central Bank Governing Council member Ewald Nowotny said on [more…]

Ex-Oregon governor candidate charged in Facebook IPO fraud

Ex-Oregon governor candidate charged in Facebook IPO fraud

Published 19/03/2013

NEW YORK (Reuters) - A former Oregon gubernatorial candidate was arrested on Tuesday for his alleged role in defrauding investors who had hoped to buy [more…]

Shares end lower on Cyprus concerns, euro falls

Published 19/03/2013

NEW YORK (Reuters) - Global stock markets fell on Tuesday, extending the previous day's decline as investors continued to fret about Cyprus and the possible [more…]