International
China Moves to Curb Money Laundering; Banks Must Rate ‘Dirty’ Clients
Chinese banks must rate their clients' risk of criminal conduct on a scale of 1-5 as part of the central bank's moves to curb money laundering and fraudulent transactions estimated at hundreds of ...
Momentum Building for Letting Japan Join Trans-Pacific Trade Talks
Eleven countries negotiating a proposed free trade agreement in the Asia-Pacific appear to be on the verge of formally inviting Japan into the talks, diplomatic and industry sources said on Thursday. ...
U.S., UK Favor Including Financial Services in EU Trade Pact
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said ...
Harvard Economists Acknowledge Errors in Austerity Research Paper
Two eminent Harvard economists on Wednesday acknowledged errors in a study that has been cited by policymakers around the world as justification for government austerity campaigns, but said the ...
Supreme Court Limits U.S. Courts’ Jurisdiction in Foreign Human Rights Cases
In a closely watched ruling that left questions unanswered, the U.S. Supreme Court said on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused ...
China Slowdown Struggling to Channel Money into Real Economy
A credit boom in China failed to keep economic recovery on track in the first quarter, suggesting the cash sloshing around the economy is not yielding the desired effect of stoking growth and could ...S&P Facing Second Class Action by Australian Investors
Scores of Australian investors have filed a second class-action lawsuit against Standard & Poor's (S&P), claiming the ratings agency misled them by giving its highest rating to derivatives ...China to Require More Detail on Bank Loans to Financial Institutions
The China Banking Regulatory Commission (CBRC) will require banks to provide more detailed reports on loans provided to other financial institutions through the interbank market, two people close to ...