U.S. securities regulators obtained an emergency court order to stop an alleged Ponzi scheme that collected more than $23 mln from thousands of investors in Florida's Haitian-American community, the Securities and Exchange
The U.S. Federal Reserve on Tuesday moved forward aggressively with an effort to drive down mortgage costs, setting a goal of buying $500 billion in mortgage-backed securities by mid-2009. The central bank
Asian shares rounded out their worst year ever on Wednesday, down 50 percent after 12 months of financial market and economic turmoil, but optimism that 2009 will be an improvement lifted stocks
German Chancellor Angela Merkel said on Wednesday she would press for stronger international financial regulations, saying the global economic crisis created an opportunity for more controls and greater transparency. In a speech
The U.S. economy extended its run of record-breaking dismal data on Tuesday, with consumer confidence and home prices registering a pair of grim milestones. U.S. consumer confidence fell to a record low
The number of property sale contracts transacted during the period January – November 2008 showed a 27.9% year-on-year reduction while contract sales in November showed 60.5% YoY decline according to data issued
''SS Dignity was creased along with the dignity of Europe, which did not react,'' Cypriot MP Eleni Theocharous said on Tuesday on her return home, after SS Dignity, which tried to break
Prices of U.S. single-family homes in October plunged a record 18.0 percent from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday that indicated a U.S.
Moody's Investors Service has changed to ‘negative’ from ‘stable’ the outlook on the bank financial strength ratings (BFSRs) of 15 Ukrainian banks and has also lowered the outlook on the long-term global
The high ratings of the federal government of the United Arab Emirates are resistant to the steep fall in international oil prices since July, Moody's Investors Service said in its new annual
