Goldman Sachs to Pay $5 Billion Settlement Over Troubled Mortgage-Backed Securities
The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.
Regions
South Korea Joins Digital Economy Partnership, Boosting Global Digital Trade Initiatives
South Korea joins the Digital Economy Partnership Agreement (DEPA), boosting global digital trade initiatives.
Uranium Stocks Surge But Ban on Russian Supplies Might Have Dire Effect to US Economy, Expert Warns
The ban on US imports of Russian uranium is expected to shake up the nuclear power industry and push prices back beyond $100 per pound for the fuel, which has been in short supply...
EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis
The European Union has recently unveiled a substantial aid package of 1 billion euros, approximately $1.06 billion, aimed at addressing the challenges faced by Lebanon...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...
Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration
President Joe Biden said "xenophobia" among countries like China, Japa...
US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap
The US has revealed that Russia has been discreetly supplying refined ...
Latest News
Two Fed Presidents Supported Rate Hike in the March's Meeting
Richmond and Kansas City Fed President supported to raise the interest rate during the meeting last March. While Philadelphia Fed President on Tuesday reitereated the hike delay is a prudent decision.
California Judge Agreed Charter's Acquisition of Time Warner Cable With Conditions
The decision was announced on Tuesday. California administrative law judge recommended to approve acquisition of Time Warner Cable by Charter Communications with significant conditions.
Boeing, Iran In Talks For Possible Aircraft Sales and Services
Now that the nuclear sanctions are lifted, Iran is now free to make deals with foreign companies. It is already in talks with Boeing for possible aircraft purchase and services particularly 737 single
Fitch Degraded Saudi Arabia From AA to AA-
Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016
Democrats As Well As Republicans Urges The Texas Attorney General To Step Down
Ken Paxton, the Texan attorney general has been sued on Monday by the US regulators on accusation of playing role in a stock scam. In addition to the civil lawsuit, Paxton has also been sued with crim
Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU
Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the E
Dell plans IPO to enhance its bought out SecureWorks' valuation
Dell is mulling over an initial public offer (IPO) for its recently acquired SecureWorks. Dell is also planning to spin off SecureWorks after the IPO which is expected to enhance the valuation of Sec
General Motors Wins Fourth Bellwether Lawsuit, Two More Awaits For Disposal
GM has been sued with more than 400 lawsuits over defective ignition switches, of which six have been chosen as bellwether cases. Just after settling the Yingling case last week, the automobile maker
StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India
StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 bill
