International
Benchmark Interest Rate Setters Can’t Use Estimates: Regulator
Global benchmark interest rates should be based on actual transactions rather than estimates, the top global securities regulatory body said on Tuesday, after a spate of rate-rigging scandals knocked ...U.S. Court OKs Lehman Settlements; Frees Up $15B For Customers
A U.S. judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. The intercompany ...Moody’s Affirms China Rating, Lowers Outlook After Fitch Downgrade
Moody's Investors Service on Tuesday affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this ...
Influential Economic Study On Austerity May Be Flawed; Spreadsheet Coding Errors Blamed
One of the key intellectual touchstones in the move towards government austerity efforts around the world may have been incorrect in its conclusions due in part to spreadsheet coding errors, ...
Thatcher’s Legacy: Citadel of Finance Atop Once-Derelict London Docks
Where a maze of derelict warehouses and old cranes once testified to Britain's decline, glass skyscrapers teeming with traders now dominate London's docks, a metaphor - for good and ill - for ...
Recent Earthquakes Largely Uninsured: Guy Carpenter
Guy Carpenter has compiled information on six recent large earthquakes revealing that for three of the six, insurance covered less than one-quarter of the economic cost. The conclusion is supported ...
Warming Slowdown Exposes Uncertainty in Climate Science
Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global greenhouse gas emissions. Often focused on century-long ...