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World 16 Mar 2011 | 12:00 AM

Economic hit from Japan quake seen up to $200 bln

TOKYO (Reuters) - Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast.

World 16 Mar 2011 | 12:00 AM

Economic hit from Japan quake seen up to $200 bln

TOKYO (Reuters) - Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast.

Business 08 Mar 2011 | 12:00 AM

EU Parliament votes to ban CDS speculation

BRUSSELS: The European Parliament voted Monday to stop investors from buying insurance for government debt if they don't own the underlying bond, as it seeks to fight financial speculation.

Business 05 Jun 2010 | 12:00 AM

Band trading ahead

Review By K.M.LEE

Business 05 May 2010 | 12:00 AM

Goldman Sachs settles short-sales allegations

WASHINGTON: Goldman Sachs has agreed to pay US$450,000 to settle regulators' allegations that it violated a rule related to short-selling of stocks in 2008-2009, it was announced Tuesday.

Business 30 Apr 2010 | 12:00 AM

Criminal probe of Goldman under way

WASHINGTON: The U.S. attorney's office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the big Wall Street firm arranged, a knowledgeable person said Thursday.

Business 27 Apr 2010 | 12:00 AM

Senate probe: Goldman planned to profit from bust

WASHINGTON: Goldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate investigation has found.

Business 18 Feb 2010 | 12:00 AM

Soros fund doubles gold ETF investment

BOSTON: Billionaire investor George Soros' hedge fund more than doubled its bet on the price of gold during the fourth quarter, a portion of the firm's total US-listed equity holdings of US$8.8bil at the end of 2009.

World 31 Dec 2009 | 12:00 AM

Times Square, Nasdaq reopened after scare

NEW YORK (Reuters) - New York City's Times Square was closed briefly and three buildings including a Nasdaq building were evacuated in a security scare on Wednesday, a day before the traditional New Year's Eve festivities in the famed intersection.

World 31 Dec 2009 | 12:00 AM

Nasdaq, Times Square reopened after scare

NEW YORK (Reuters) - New York City's Times Square was closed briefly and three buildings including the Nasdaq headquarters were evacuated in a security scare on Wednesday, a day before the traditional New Year's Eve festivities in the famed intersection.