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Yahoo

Business - Divided SEC adopts mortgage rule, decries lax lending


By Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called `risk retention` rule by a 3-2 vote, while the U.S. Federal Reserve unanimously adopted it later in the day in a public board meeting. ...


Saturday, October 25, 2014  03:49

CNN

Personel Finance - For $65 million, you can buy Miami`s most expensive home


Called La Brisa, this 9-bedroom home in Miami`s Coconut Grove neighborhood sits on nearly 7 acres with views of the Atlantic Ocean and Biscayne Bay.


Saturday, October 25, 2014  03:49

Yahoo

World - EU Commission says not to blame for surprise UK budget demand


BRUSSELS (Reuters) - EU governments created the system under which Britain has been asked to pay a surprise 2.1 billion euro bill into the EU budget and the European Commission is not to blame, European Commission President Jose Manuel Barroso said on Friday. `The European Commission did not create this situation. For some years we have been the ones proposing to move to a different system and this was indeed rejected by the member states,` Barroso told a news conference. (Reporting by Adrian Croft; editing by Barbara Lewis)


Friday, October 24, 2014  17:24

Yahoo

World - International financial watchdog warns on Iran, North Korea


PARIS (Reuters) - An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism. The Financial Action Task Force, made up of 37 countries as well as the European Commission and Gulf Cooperation Council, said financial institutions should give special attention to business deals and transactions with Iran and North Korea. ...


Friday, October 24, 2014  18:56

Yahoo

World - EU`s Barroso says UK bill should not have been `surprise`


Brussels (AFP) - Britain should have been prepared for an EU bill of more than two billion euros that has infuriated London, European Commission President Jose Manuel Barroso said Friday.


Friday, October 24, 2014  18:19

BBC

Europe - VIDEO: Top EU officials bid farewell


The presidents of the European Council and European Commission have delivered farewell speeches as they prepare to hand power over to their successors.


Friday, October 24, 2014  17:06

Yahoo

Business - Chesapeake Oilfield Services pulls IPO plans


(Reuters) - Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp , said on Friday it would withdraw its plans for an initial public offering. The Oklahoma-based company, in a filing with the U.S. Securities and Exchange Commission, did not specify why it was withdrawing the IPO. (http://bit.ly/1t8y2C5) The company, which was formed by Chesapeake in 2011, filed for an IPO of up to $863 million in April 2012. ...


Friday, October 24, 2014  16:29

Yahoo

World - Putin hopes for Russia-Ukraine gas deal next week


LAURA Russia (Reuters) - Russian President Vladimir Putin said on Friday he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which Moscow has halted natural gas supplies to Kiev. The Russian and Ukrainian energy ministers are expected to hold more talks with the European Commission in Brussels next week on the dispute over Ukraine`s unpaid bills and the price Kiev pays for its gas. (Reporting by Alexei Anishchuk and Lidia Kelly, writing by Vladimir Soldatkin, Editing by Timothy Heritage)


Friday, October 24, 2014  16:29

Yahoo

World - Frelimo candidate Nyusi wins Mozambique elections: provisional result


MAPUTO (Reuters) - Mozambique`s ruling Frelimo party and its candidate Filipe Nyusi won the country`s presidential and legislative elections, according to provisional results announced by the national electoral commission (CNE), with all votes counted. The results of the Oct. 15 vote, which need to be ratified by the Constitutional Court, gave Nyusi 57 percent of the votes, while Renamo`s Afonso Dhlakama had just over 36 percent and Daviz Simango of the Mozambique Democratic Movement nearly 7 percent. (Reporting by Manuel Mucari; Editing by Pascal Fletcher)


Friday, October 24, 2014  14:58

Yahoo

World - Britain slams EU budget demand, others see `molehills`


By Paul Taylor and Andrew Osborn BRUSSELS/LONDON (Reuters) - British Prime Minister David Cameron challenged a demand from the European Union for an additional 2.1-billion-euro payment into this year`s EU budget after a revision of economic statistics showed his country was better off. EU leaders, scrambling to defuse a potentially damaging row with London, agreed at a summit in Brussels that their finance ministers would hold emergency talks with the executive European Commission to review the figures in the coming weeks, diplomats said. ...


Friday, October 24, 2014  13:08

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