Legal & Regulatory

Top 20th-century art collection could sell for $85 million at auction

A major collection of modern and contemporary art assembled by two of the 20th century's most prominent collectors is expected to fetch more than $85 million when it hits the auction block next month, Sotheby's said on Monday.


Banks need overhaul, but risk to recovery, IMF says

A much-needed pruning of banks across the world could stifle lending and dampen economic recovery, the International Monetary Fund said on Wednesday.

Actavis plans new merger approach for Allergan - sources

Actavis Plc (ACT.N) plans to approach Allergan Inc (AGN.N) again about a potential merger, as the Botox maker warms up to the possibility of a sale, people familiar with the matter said on Tuesday.

Japan, South Korea finance ministers to meet in Washington on Friday

The finance ministers of Japan and South Korea will hold their first bilateral meeting in nearly two years on Friday, on the sidelines of this week's autumn IMF gathering in Washington, the Japanese Ministry of Finance said.


Latest News

Russia plans to test launch its new heavy-lift Angara space rocket on Dec. 25, Interfax news agency quoted a source in the space industry as saying on Friday.
Party politics seems set to trump concerns about the competence and suitability of several candidates for the European Commission when lawmakers pass judgment on Jean-Claude Juncker's most controversial nominees this week.
World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.
Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting next week that will also include a visit to Germany and the signing of energy and high-speed rail deals with Russia, the government said.
The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.
Microsoft Corp (MSFT.O) is demanding $6.9 million interest from Samsung Electronics (005930.KS) in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday.
Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said.
Charles Schwab Corp. (SCHW.N) is weeks away from introducing an automated investing service aimed at winning business from novice investors it does not currently serve, company officials told Reuters.
Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
General Motors Co (GM.N) on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.