International
Basel Cracks Down On Capital-Protection Ploy At Banks
Global regulators have proposed hefty charges to cancel out capital relief banks enjoy when buying pricey insurance to cover risky loans without acknowledging the cost in a timely way. The Basel ...EU Gives Cyprus Bailout Ultimatum, Risks Euro Exit
The European Union gave Cyprus until Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro ...
Auditor Class Actions Go Global As U.S. Suits Dwindle
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not ...Less U.N. Talk, More Action Needed On Climate: EU Draft
Fewer United Nations climate summits and more incentives through carbon pricing could speed up international efforts to slow the pace of global warming, a draft European Commission paper seen by ...Freddie Sues 15 Banks Over LIBOR Rigging; Fannie May Be Next
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the ...Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia's biggest economies, the founder of Nordic American Tankers Ltd. ...
Japan Estimates Major Quake Could Cost $2.3T, 320K Lives
A major quake off the coast of central Japan could kill more than 320,000 people and cause 220 trillion yen ($2.3 trillion) in economic damage, a government panel said in a report that more than ...