Government
BP to Appeal ‘Absurd’ Oil Spill Claims Payments
A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico ...
China Banks Shifting Risks to ‘Shadow System’ of Insurers, Brokerages, Trusts
China's banks are feeding unwanted assets into the country's "shadow banking system" on an unprecedented scale, reinforcing suspicions that bank balance sheets reflect only a fraction of the actual ...
Deadly New Bird Flu Shows Value of Controversial Research
Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu to mutate into a potential human pandemic strain - because they've created just such mutant viruses in the ...
Risk Appetite On the Rise in U.S. Capital Markets: Fed Survey
Hedge fund and derivative investors are taking on more risk as aggressive monetary easing and an improving economy boost demand for higher-yielding securities, a Federal Reserve survey showed on ...
New Mexico Governor Signs Bill Limiting Spacecraft Liability
New Mexico Gov. Susana Martinez this week signed into law liability-waiving legislation aimed at saving the state's nearly quarter-billion-dollar investment in a futuristic spaceport and retaining ...
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 ...