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Fed fears risks posed by exit tools; plan almost done

Fed fears risks posed by exit tools; plan almost done

Last Updated: Saturday, July 12, 2014, 12:01

U.S. Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.

US sues Amazon for kids' charges without parental consent

Last Updated: Friday, July 11, 2014, 01:12

Amazon.com was sued on Thursday by the US government for allowing children to use mobile apps to rack up millions of dollars in charges without getting permission from parents, who were stuck with the bills.

Lawmaker asks FTC to explore Facebook`s psych experiment

Last Updated: Thursday, July 10, 2014, 14:46

An angry lawmaker, Senator Mark Warner (D-VA) has sent a letter to Federal Trade Commission (FTC) requesting them to fully explore the potential ramifications of Facebook`s experiment.

Fed relief lifts Asian stocks, dents dollar

Last Updated: Thursday, July 10, 2014, 09:06

Asian stocks rose and the dollar dipped on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising interest rates.

South-Asian organisations want US to end spying on Muslim-Americans

Last Updated: Thursday, July 10, 2014, 06:55

Expressing concern over reports that NSA and FBI monitored emails of prominent Muslim- Americans under procedures intended to target terrorists and spies, a coalition of South Asian organisations has appealed to the US to end surveillance on "innocent" community members.

Asia stocks rise on Fed relief, dollar dips

Last Updated: Thursday, July 10, 2014, 06:12

Asian equities rose and the dollar dipped on Thursday, after the Federal Reserve indicated that it was not in a rush to end quantitative easing and begin hiking rates.

Growth fears hit global stocks, investors eye Fed, Draghi

Last Updated: Wednesday, July 09, 2014, 17:49

Major currencies and bond markets were steady before a speech by European Central Bank President Mario Draghi.

US in sanctions talks with Commerzbank and Deutsche

Last Updated: Tuesday, July 08, 2014, 16:39

The talks with state and federal authorities have just begun, a source with direct knowledge of the regulatory investigations told Reuters.

Benghazi suspect ordered held without bail in US

Last Updated: Thursday, July 03, 2014, 03:48

A US federal judge on Wednesday ordered the suspected ringleader of the deadly 2012 attack on the US mission in the Libyan city of Benghazi held without bail until his trial on terror-related charges.

India link emerges in $8.9-bn BNP Paribas settlement in US

Last Updated: Tuesday, July 01, 2014, 19:58

BNP Paribas has a presence in 75 countries, including in India, with more than 180,000 employees and its businesses include retail, corporate and investment banking.

Swiss flag 'organised crime' link in India laundering trail

Last Updated: Monday, June 30, 2014, 15:51

The disclosure has been made by the Money Laundering Reporting Office Switzerland (MROS), which is part of the Swiss Federal Office of Police.

Benghazi attack suspect pleads not guilty in US

Last Updated: Sunday, June 29, 2014, 06:03

Ahmed Abu Khatallah, the alleged suspect of the deadly attacks on a US diplomatic facility in Libyan city of Benghazi in 2012, entered a not guilty plea in federal court in Washington Saturday.