8211; Kenneth Lewis, who turned Bank of America Corp into the nation’s largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him…
8211; Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the…
Europe’s main stock markets rebounded on Tuesday as investors reacted to company updates and regional economic data, a day after indices had slid on China slowdown concerns and Ukraine tensions.
Global oil prices climbed on Tuesday after data showed key crude consumer China imported more record amounts last month, dealers said.
Britain revealed plans on Tuesday to sell an extra 7.5-percent stake in Lloyds Banking Group, in the latest move to steer the bailed-out lender back to the private sector.
Stocks on Wall Street rose in volatile trade on Tuesday following robust U.S
The one-time star electric carmaker Fisker Automotive said Monday it sold “substantially all” of its assets to the Chinese auto parts group Wanxiang for $150 million.
The Group of Seven top economic powers said Monday they are ready to step up sanctions against Russia if Moscow fails to de-escalate the crisis in Ukraine that has shaken relations.
A second straight sell-off of popular technology shares dragged US stocks lower Monday, as tensions with Russia over Ukraine kept investors on edge.
Some Chinese rubber importers have defaulted on shipments as tyre grade prices sank recently to multi.
Central and eastern European countries are turning up the pressure on banks to clean up their balance sheets, creating new opportunities for bad loan investors that are seeing returns dwindle in recovering euro zone economies.
Sumitomo Mitsui Trust Bank Ltd and Japan Bank for International Cooperation (JBIC) will team up with British private equity group CVC Capital Partners Ltd to set up an Asian investment fund totaling more than 300 billion yen ($2.
Prime Minister Dmitry Medvedev on Friday demanded Ukraine pay back $11 billion that he said Kiev had saved through discounted gas prices in return for hosting a Russian naval base in Crimea.
Britain’s Tesco said Friday it had struck a joint venture deal with India’s Tata Group to become the first foreign supermarket to enter the country’s $500.
US broadcaster Media General said it will buy LIN Media in a $2.6 billion deal that creates the nation’s second-largest television broadcasting company and a digital media powerhouse.
Several Russian banks saw their customers barred from using Visa and MasterCard credit cards as US economic sanctions over Russia’s takeover of Crimea began to dig in.
Aeon from Japan has announced that in Cambodia have two branches with a customer base of 15,000 but plans to open more.
The EU welcomed Ukraine into the Western fold on Friday, signing the political provisions of a landmark accord as a defiant Russia formally completed its takeover of Crimea.
Commodities faced choppy trade this week, with gold torn between concerns over the Ukraine crisis and the prospect of a US interest rate hike in mid-2015.
Swiss bank Credit Suisse agreed Friday to pay $885 million to settle claims that it misled mortgage giants Fannie Mae and Freddie Mac in the sale of mortgage-backed securities.
European stocks pushed higher on Friday and the euro rebounded against the dollar after falling sharply the day before on expectations of sooner-than-expected US interest rate hikes.
Trade between Cambodia and Japan reached $884.9 million from January to May 2020, down 3.8 percent year-on-year.