International
China Testing Free Market with New Shanghai Financial Services Zone
Citigroup Inc. and Bank of China Ltd. said they will participate in Shanghai's free-trade zone as the Chinese government inaugurated the 11-square-mile experiment in more relaxed financial and ...Mumbai Building Collapse Kills 61, Injures 31 as Search Ends
As many as 61 people were killed and 31 injured in a building collapse in India's financial capital Mumbai, as two days of rescue work ended today, Vijay Khabale Patil, a spokesman for the Municipal ...Preview: BP Battles for Billions in New Gulf Trial Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. ...
On the Regulation and the Facts
There was much coverage last month on the fifth anniversary of the collapse of Lehman Brothers, but it was also the fifth anniversary of the U.S. government's intervention in AIG. While the issues at ...
UN Report: Global Warming Has Slowed; Sea Levels to Rise More Quickly
Global warming has slowed since 1998 even though humans spewing ever more greenhouse gases are almost certainly to blame for damaging the atmosphere. That's according to a 36-page summary of a report ...Industries Look to UN Report for Guidance on Climate Risks
Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...