Finance
LIBOR setting is still not clean and free of fraud, says US Commodity Futures Trading Commission
US regulator Commodity Futures Trading Commission said the way that the key LIBOR interest rate is set in the UK is still not clean...
Gas prices hit more than $5 a gallon in US
Fuel prices have skyrocketed across the US, with a gallon of gas reaching past $5.00 in some parts of the country. The price of petrol...
Japan shares rise on weaker yen hopes
Japanese shares have risen after finance ministers of the G20 group of nations avoided singling out Japan for criticism over the recent yen weakness. The...
Asian markets mixed reaction to North Korea nuclear test
Asian markets have had a mixed reaction to the nuclear test carried out by North Korea, its third since 2006. South Korea's Kospi index dipped...
David Einhorn sues Apple over preferred stocks proposal
David Einhorn, an activist shareholder, is suing Apple, demanding that it share out more of its $137 billion cash pile to its investors. Apple's cash...
RBS to be fined $625 million over LIBOR scandal
Royal Bank of Scotland (RBS) is expected to be fined a total of about £400 million ($625 million) by UK and US regulators as...
New Jersey credit card fraud ring stole $200 million
Eighteen people have been charged with stealing at least $200 million in a credit card fraud ring, possibly one of the largest in US...
Commerzbank to announce large loss for Q4 2012
Commerzbank, Germany's second biggest lender, is to announce a large loss for the fourth quarter of 2012. Commerzbank expects a net loss of 720 million...
Credit card surcharge: Shops start charging you for paying by credit card from January 27
A new credit card rule going into effect Sunday, January 27, 2013, could cost you more when shopping with a credit card at some...
US Federal Reserve underestimated 2007 global financial crisis
The US Federal Reserve released transcripts from its 2007 meetings have shown it may have underestimated the looming global financial crisis. The documents suggested Fed...
Canadian plastic banknotes feature wrong leaf
The Canadian new plastic banknotes feature Norway maple leaves, instead of the Canadian sugar maple leaf, according to botanists. The botanists argue the leaf shown...
Real estate market trends in 2013
The U.S. real estate market seems to have a relatively steady progress toward recovery in 2013. During 2012 area residential and commercial property sales hit...
Bank of America to pay $3.6 billion to Fannie Mae mortgage agency
Bank of America has agreed to pay US government mortgage agency Fannie Mae $3.6 billion to settle claims relating to residential home loans. In addition,...
Basel Committee on Banking Supervision eases bank asset rules
International financial regulators have eased rules on minimum quantities of cash and liquid assets all banks must hold, set to take effect in 2015. The...
Wegelin, Switzerland’s oldest bank, to close permanently after US tax evasion fine
Wegelin & Co., Switzerland's oldest bank, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin,...
Asian and European markets gain on US fiscal cliff deal
European and Asian markets have gained after a short-term deal to stave off the so-called US fiscal cliff was reached. UK shares jumped 1.5% while...
What’s the deal? Highlights of fiscal cliff agreement
US Congress last night finally passed a deal to avoid the so-called fiscal cliff, as critics attacked the Republican party for giving in and...
HSBC to pay $1.9 billion fine for money laundering
HSBC is to pay US authorities $1.9 billion in a settlement over money laundering, the largest paid in such a case, the bank has...
Forbes Highest Paid Musicians 2012: Dr. Dre tops the list with $100 million
Dr. Dre has topped a Forbes list of the 25 highest-paid musicians in 2012. Dr. Dre, 47, became one of the leading names in rap...
Powerball jackpot: What $500 million can buy you?
So you just won $500 million in the Powerball lottery. What would you spend it on? 4,166 Hermes Matte Crocodile Birkin Bags with price tag...
Neat Freaks: TLC chronicles the weirdest and wackiest sanitation habits
Neat Freaks, a new TLC special, chronicles the weirdest and wackiest sanitation habits that seem perfectly normal to many clean-obsessed people. The one-hour show features...
Cyber Monday 2012 Best Deals: Amazon, Target, Best Buy, Kohl’s, Macy’s, Sears, Walmart, Kmart
If you don't want to face the Black Friday crowds, there's no reason to miss out on the holiday bargains. Cyber Monday, the lazy...
Cyber Monday 2012: Amazon sales tax collection for California, Texas and Pennsylvania shoppers
A new survey has found that more customers are opting to shop from the comfort of their homes this Thanksgiving weekend, forgoing the chaos...
Black Friday Extreme Bargain Hunter Tricks
Black Friday’s extreme shoppers are coming up with such conniving ways to thwart the competition that some people decided to forgo their Thanksgiving feast...
Black Friday 2012 Top Deals
If you can face the lines! Top deals on BLACK FRIDAY Target Canon T3 body, lens, memory card and camera bag: $499 - usually $749 Nook Simple...
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