A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
Legal & Regulatory
Oil consortium questions planned rescission of granted rights by Indian government
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
Haj pilgrims and airlines meet new guidelines for travel to Saudi Arabia
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Anti-corruption drive nets another senior Chinese official
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
India won't convert idle gold to bullion- central bank
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Latest News
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
Hermann Groehe said Angela Merkel would be most willing to tackle issues about European politics on their television debate this Sunday.
T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
Reuters columnist Allison Schrager dissects the cause of unemployment in the US. Is the cause of unemployment in the US structural or cyclical? This was the question that Reuters columnist Allison Schrager attempted to answer in her column.
Government protests and athletes' drug violations could imperil Turkey's bid for the 2020 Olympic Games.
The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Asset managers questioned the sufficiency of the communications efforts undertaken by Nasdaq when trading halts during technological crisis.
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
