Banks should be pushed to meet the higher capital requirements before a series of deadlines starting in 2013, unless earlier introduction of the rules would threaten lending, the Bank for International Settlements said.
BusinessWeek.com — Finance
U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a second straight day, as a government report showing a bigger-than-forecast drop in jobless claims bolstered optimism about the economic recovery.
BusinessWeek.com — Finance
Investors who bought stocks as Europe’s credit crisis spread, Japan battled a nuclear emergency and the U.S. budget deficit swelled to a record are unlikely to view the death of Osama bin Laden as anything but bullish.
BusinessWeek.com — Finance
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., bet against U.S. government-related debt last month and boosted cash to be the largest of the Total Return Fund’s holdings.
BusinessWeek.com — Finance
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., last month cut U.S. government-related debt and boosted cash to be the largest of the Total Return Fund’s holdings.
BusinessWeek.com — Finance
Agricultural Bank of China Ltd., the nation’s fourth-largest lender by market value, said 2010 profit growth accelerated to 46 percent after an initial public offering bolstered capital and expanded its lending capacity.
BusinessWeek.com — Finance
Persian Gulf shares rose and Saudi Arabia’s benchmark stock index gained to the highest in a month after King Abdullah ordered increases in spending, including $ 67 billion on housing, to prevent protests from escalating.
BusinessWeek.com — Finance
Persian Gulf shares rose and Saudi Arabia’s benchmark stock index climbed the most in two weeks after King Abdullah ordered increases in spending, including $ 67 billion on housing, to prevent protests from escalating.
BusinessWeek.com — Finance
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