Government
U.S. Encourages South Korea to Join Trans-Pacific Trade Talks
The United States would welcome South Korea joining negotiations on an Asia-Pacific free trade agreement, a senior U.S. trade official said on Wednesday, as Washington continues to weigh Japan's bid ...
India to Create Own Reinsurance Fund to Cover Refiners of Iran Oil
India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions ...
Fed Approves Process for Designating Nonbanks for Stricter Regulation
The U.S. Federal Reserve said on Wednesday that it had approved a final rule to clarify the process the new U.S. risk council will follow when it begins designating nonbank financial firms for ...
New Deadly Bird Flu Has Scientists Worried About Pandemic Risk
Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that might make it more likely to cause a human pandemic, ...
Former Budget Chiefs Warn on Deficit But Disagree on Speed in Fixing
Two former U.S. budget chiefs who worked for presidents from opposing political parties said on Monday that the government should reduce military spending, scale back Social Security payments and end ...
Will Britain’s New Financial Regulatory Bodies Curb Excesses?
Britain launched its new system of financial supervision on Tuesday, hoping that two new regulators will succeed where a single one failed in preventing banking crises and protecting consumers from ...
IRS Asked to Clarify Obamacare Investment Tax
Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a ...