News
IMF Issues Stern Advice for World’s Major Economies
The International Monetary Fund had stern advice for the euro zone and other major economies on Tuesday in its periodic update on the health of the world economy. The following are the highlights ...
M&A Leaks Fall As Regulators Get Tough, Deals Drop
Increased vigilance among regulators and a subdued market for takeovers have deterred investment bankers from leaking information about deals, according to an international study published on ...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 ...
Moody’s Still Sees Negative Outlook For Most U.S. State, Local Governments
Moody's Investors Service said on Tuesday that most U.S. public finance sectors, such as state and local governments, still face a negative outlook and will likely continue to do so until fiscal and ...Oracle Fixes 42 Holes In Java To Revive Security Confidence
Oracle Corp. released a major security update on Tuesday for the version ofJava programming language that runs inside Web browsers to make it a less popular target for hackers. The patch fixes 42 ...