Finance
London Whale: JP Morgan makes $920 million payout to regulators
JP Morgan Chase has agreed to pay four regulators $920 million relating to a $6.2 billion loss incurred as a result of the "London...
Indian rupee and stocks jump as Raghuram Rajan boosts confidence
Indian rupee and stocks have jumped a day after the country's new central bank chief Raghuram Rajan took charge and promised tough action to...
Fed minutes reveal clues of tampering timeline
Minutes of the Federal Reserve's July meeting revealed few clues about the central bank's timeline for unwinding its extraordinary efforts to support the US...
Indian rupee hits new all-time record low against US dollar
The Indian rupee has hit a new all-time record low against the US dollar, amid concerns the Federal Reserve will soon scale back its...
Sliding Stocks on Global Market Cause Panic
Markets on both sides of the Atlantic suffered sharp price drops on Thursday, as a collective fear amongst traders ran amok. With the FTSE...
Caroline Kennedy’s net worth revealed for Japan ambassadorship
Caroline Kennedy has revealed her financial information in order to be considered as the next American ambassador to Japan, and it is believed she...
UBS repays bailout loan from Swiss National Bank after five years
Swiss National Bank has announced a loan it granted to bail out troubled bank UBS in 2008 has been repaid. The development means UBS can...
Indian rupee hits record low against dollar
India’s rupee has hit a record low against the dollar despite recent efforts to prop-up the currency. On Wednesday India's central bank put further restrictions...
Jane Austen to feature on Bank of England £10 note from 2017
Jane Austen is to feature on the next £10 note, the Bank of England has announced, avoiding a long-term absence of women represented on...
EU plans to cut transaction fees on debit and credit cards confirmed
The European Union’s plans to cut transaction fees on debit and credit cards have been published - but there is disagreement over the potential...
Detroit City files for bankruptcy with debts of at least $15 billion
Detroit has become the largest US city ever to file for bankruptcy, with debts of at least $15 billion. The city of Detroit, once a...
James Gandolfini will: Almost half of his $70 million fortune will go to taxes
James Gandolfini’s estate is reportedly about to be gutted by the federal government. James Gandolfini will calls for 80% of his estate to go to...
2013 Fourth of July picnic costs $6 per person
According to the American Farm Bureau Federation, which launched an informal price survey this year looking at the cost of hot dogs, cheeseburgers and...
4 Ways Your Personal Information is Stolen Online
While the Internet comes with nmany benefits, it also has its downsides. For one, it's an easy way for criminals to steal your personal...
Pope Francis names Monsignor Battista Mario Salvatore Ricca to oversee Vatican bank management
Pope Francis has taken his first major step towards reforming to the troubled Vatican bank, naming Monsignor Battista Mario Salvatore Ricca, a trusted cleric,...
IMF admits making mistakes in handling Greece bailout
The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it was too optimistic in its...
Latvia to become 18th country to use euro in 2014
Latvia will become the 18th EU country to use the euro after being approved for membership by the European Commission. In a report, the Commission...
Andorra to introduce income tax for first time to tackle evasion
Andorra has decided to introduce a tax on personal income for the first time as the country faces pressure from its European neighbors to...
Jose Manuel Barroso urges full tax data exchange
The head of the European Commission has told the European Parliament he wants EU-wide exchange of income data as part of the fight against...
Apple among America’s big tax avoiders
Apple has been accused by US Senate of being "among America's largest tax avoiders". A Senate committee said Apple had used "a complex web of...
Bank of America reports sharp rise in profits for Q1 2013 after cost cutting
Bank of America has reported a sharp rise in profits for the first quarter of 2013 after it shed costs and set aside less...
Goldman Sachs reports 7% rise in its profits for Q1 2013
Goldman Sachs has reported a 7% rise in its profits during Q1 2013 following a strong performance in its investment banking division. The company made...
South Korea unveils $15.3 billion stimulus plan
South Korea is the latest Asian country to try and boost economic growth by spending hard, unveiling a 17.3 trillion won ($15.3 billion) stimulus...
Asian markets dip after Boston Marathon explosions
Asian markets have dropped in early trading after two explosions hit the Boston Marathon finishing line killing three people and injuring dozens more. Stock indexes...
Gold price falls to its lowest level in two years
Gold price has fallen to its lowest level in two years, on weak Chinese economic data, and receding fears about the chance of higher...
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