Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
Industry
Bank of America settles discrimination lawsuit for USD 160 million
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
Appeals court rules in favor of National Credit Union Administration for MBS claims
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
US restarts alternative vehicle loan program
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
August 26 is the National Dog Day
The National Dog Day was founded to encourage the adoption of shelter strays as pets. August 26 is National Dog Day. This celebration started back in 2004 in recognition of the high number of shelter pets that seek a good home.
Latest News
India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.
The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
The number of Americans who filed for jobless benefit claims fell to a nearly six year low while US manufacturing activity increased this month.
All trading on Nasdaq were halted last Thursday after the stock exchange encountered a technical issue during midday.
Chinese regulators sought confessions from foreign companies regarding any committed antitrust violations and warned them about hiring external lawyers to fight the said accusations.
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
