Shadow banks face 2015 deadline to comply with first global rules
LONDON (Reuters) – The $60 trillion “shadow banking” sector has been given until 2015 to comply fully with its first set of global rules after an international regulatory task force unveiled plans to curb risk without strangling economic recovery.
India rupee bounces from record low; government seeks solutions
NEW DELHI/MUMBAI (Reuters) – The Indian rupee rebounded on Thursday from a record low as the central bank sold dollars to oil companies, while policymakers scrambled for more lasting solutions to what some investors are describing as a crisis.
Nasdaq to investigate trading glitch, improve communications
NEW YORK (Reuters) – Nasdaq OMX Group said it will undertake a thorough forensic analysis in coming weeks of the massive trading outage that paralyzed the exchange for more than three hours last week, and pledged to better communicate with the industry…
Exclusive: India might buy gold from citizens to ease rupee crisis
MUMBAI (Reuters) – India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.
Aetna pulls out of New York health insurance exchange
(Reuters) – Aetna Inc, the No. 3 U.S. health insurer, said on Thursday it has decided not to sell insurance on New York’s individual health insurance exchange, part of the country’s healthcare reform.
IMF says not talking about new program for Greece
WASHINGTON (Reuters) – The International Monetary Fund has had no discussions with Greece about a third bailout, as the current program will continue until 2016, a Fund spokesman said on Thursday.
South Korea launches WTO dispute over U.S. tariffs on washing machines
GENEVA (Reuters) – South Korea has launched a dispute at the World Trade Organization to complain about U.S. punitive tariffs on South Korean washing machines, the WTO said on Thursday.
Forward guidance is providing some security to markets: ECB’s Nowotny
ALPBACH, Austria (Reuters) – Major central banks’ reassurances that interest rates will stay low for some time are giving markets “a certain security”, a European Central Bank policymaker said on Thursday.
U.S. soup sales, acquisitions boost Campbell Soup’s profit
(Reuters) – Campbell Soup Co , the world’s largest soup maker, reported a better-than-expected quarterly profit, helped by acquisitions and strengthening U.S. sales of soups and sauces.
Blackstone to pay $85 million to settle lawsuit over IPO
NEW YORK (Reuters) – Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007.
