West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
Legal & Regulatory
Shadow banking precursor to another 'Lehman Weekend'
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
Prime Minister says Mongolia to sell Samurai bonds
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Ex-Obama economic aide withdraws from Fed chair consideration
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
Credit Suisse to lead Lloyds and RBS stake sales
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
Latest News
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
Khloe Kardashian was said to hope for a wedding anniversary miracle from Lamar Odom who had allegedly facing drug issues.
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
NASCAR placed Penske Racing on probation after cutting deal allegations with Front Row Motorsports was said to have transpired allowing Joey Logano pivotal track position.
