WORLD


T Christian Miller (ProPublica) 08 February 2013
The Sandi Group was fined $75,000 after delaying reports to the US government that more than 30 of its workers had died in Iraq The US Department of Labor has fined a private security contractor $75,000 for failing to file timely reports on the deaths of workers in Iraq as required by...

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Moneylife Digital Team 07 February 2013
The probes revealed ‘wrongdoing’ by 21 employees, mainly related to the setting of the bank’s yen and Swiss franc Libor submissions between October 2006 and November 2010 Royal Bank of Scotland, in which the British government has an 81% stake, agreed to pay fines amounting to $612...

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Moneylife Digital Team 06 February 2013
The Swiss-based multinational company, along with the security agency Securitas AG, which it hired to infiltrate the international organisation ATTAC, has been ordered to pay compensation to the NGO Nestlé was, along with the security agency it hired for the job,  found guilty by a Swiss...

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Lois Beckett (ProPublica) 06 February 2013
State Democratic parties formed a cooperative to sell the voter data they have collected from supporters. Now they're looking for commercial customers For years, state Democratic parties have been gathering information about individual voters' political leanings. They have noted down the...

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Theodoric Meyer (ProPublica) 01 February 2013
Congress in the US exempts itself from a number of laws that apply to the private sector and the executive branch When CBS News reported in 2011 that members of Congress weren’t prohibited from insider trading, Congress moved swiftly. President Obama signed a law banning it within six...

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Justin Elliott (ProPublica) 31 January 2013
Critics say the president's plan for a new nonprofit group to push his second-term agenda opens the door to influence by corporations and other big donors When President Obama told supporters that he would morph his campaign into a new non-profit that would accept unlimited corporate...

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MDT/PTI 30 January 2013
According to a report in the Wall Street Journal, US authorities were pushing for a settlement of allegations that would also result in an RBS division pleading guilty to criminal charges   London: Britain’s Royal Bank of Scotland (RBS) could face a 500-million pound ($786-million,...

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Abrahm Lustgarten (ProPublica) 29 January 2013
Mexico City is planning to draw drinking water from a mile-deep aquifer, challenging US policy that water far underground can be intentionally polluted because it will never be used Mexico City plans to draw drinking water from a mile-deep aquifer, according to a report in the Los...

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MDT/PTI 21 January 2013
With the new Tax Administrative Assistance Act coming into force next month, Switzerland will be able to provide banking and other details about a 'group of persons' even without their individual identification Davos: Switzerland will be able to provide banking and other details sought...

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MDT/PTI 21 January 2013
Over 100 business and political leaders from India will join the world’s rich and powerful, including 50 government heads, to discuss current state of economic affairs in freezing weather of Davos Davos: As the annual World Economic Forum (WEF) jamboree begins here tomorrow, over 100...

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As long as interests rates stay near zero banks can avoid restructuring or force the zombie companies into liquidation. They manage to stay afloat because they can manage interest payments but cannot reduce the principal After the bubble burst in January 1990, the Japanese lowered...

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MDT/PTI 16 January 2013
An investigation by the FSA revealed that between August 2008 and December 2010 Panesar misappropriated over 180,000 pound from Elite and Motorcare Warranties London: UK’s Financial Services Authority (FSA) has banned insurance broker Harbinder Panesar from working in the financial...

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MDT/PTI 15 January 2013
Robbers dug a 100-foot tunnel into the safe deposit room of a Berlin bank and escaped with their haul, setting a fire as they left to cover their tracks Berlin: German police has said, robbers dug a 100-foot tunnel into the safe deposit room of a Berlin bank and escaped with their haul,...

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Moneylife Digital Team 10 January 2013
The Securities Exchange Commission is reportedly investigating Herbalife for being a pyramid scheme, spurred by the allegations of William Ackman of Pershing Square Capital Ever since William Ackman blew the lid on Herbalife’s business model, Wall Street has been furiously whether or not...

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I wrote in April and June about the Chinese slowdown. I thought that it would get worse but the Chinese economy fooled me again. The last time I made a dire prediction about the Chinese economy was in December of 2008. Why did I make these mistakes? I underestimated the Chinese government’s...

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MDT/PTI 02 January 2013
Had not passed, fiscal cliff would have resulted in increased tax rates for more than 98% of Americans Washington: Overcoming Republican resistance, the US House of Representatives late Tuesday night passed the "fiscal cliff" bill by 257 to 167 votes, ending a dramatic New Year's Day...

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MDT/PTI 28 December 2012
Under the consent agreement signed by Rajaratnam, he would pay a total of $1.45 million, which includes $1.3 million in disgorgement and about $147,000 in prejudgment interest New York: Jailed hedge-fund founder Raj Rajaratnam has agreed to pay $1.45 million to settle a civil lawsuit...

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Andrew Abraham 21 December 2012
Here is the world’s greatest investor and you see firsthand how hard it really is. I doubt very many of you would have waited eight years to get back to break even. I doubt many of you would have the mental fortitude to withstand a 50% drawdown. Buffett was not alone There are countless...

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MDT/PTI 17 December 2012
Switzerland Federal Council has asked its finance ministry to submit a consultation draft to meet its goal of preventing banks from accepting untaxed funds from their clients New Delhi/Bern: Often accused of providing safe havens to black money from India and other countries, Switzerland...

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MDT/PTI 11 December 2012
Meera Sachdeva was charged for defrauding federal insurance programme Medicare by submitting false claims for chemotherapy services New York: An Indian-origin woman has been sentenced to 20 years in prison and ordered to pay a penalty of over $14 million on charges of healthcare fraud in...

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