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WASHINGTON/NEW YORK: JPMorgan Chase & Co's preliminary US$13 billion (8 billion pounds) mortgage settlement with the U.S. government could end up costing the bank closer to $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources familiar with the matter said.
WASHINGTON (Reuters) - There is little evidence that employers are sacrificing full-time jobs by hiring more part-timers or reducing existing employee hours because of the costs of providing health coverage under Obamacare.
KUALA LUMPUR: There should be no more delay in implementing structural reforms to address weakening fundamentals in an economy faced with soaring deficits and a shrinking current account surplus due to slowing exports.
The Malaysian Institute of Economic Research’s third quarter residential property survey saw its residential property index (RPI) fall to the lowest level in four quarters but still staying above the 100-point demarcation level at 118 points.
The Malaysian Institute of Economic Research’s (MIER) released Tuesday its business condition survey for the third quarter of 2013, which pointed to a contraction in the manufacturing sector.
The People's Bank of China (PBoC) held back from liquidity operations for the second day running on Tuesday as regulators show signs of concern that loose liquidity might be fuelling another round of risky credit expansion.