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Drugs scandal rocks Britain's troubled 'ethical' bank Britain's Co-operative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs.

19 November 2013

JPMorgan to pay investors $4.5bn over mortgage bonds JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.

16 November 2013

CIA spying on Americans' financial data: report The Central Intelligence Agency is amassing a huge database of international money transfers that includes the financial and personal data of millions of Americans, The Wall Street Journal reported Thursday.

15 November 2013

Yellen says Fed stimulus must continue Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank's stimulus must remain in place to bolster an economy where growth remains fragile.

15 November 2013

Euro "too strong", says European Commission's Tajani European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.

14 November 2013

As Twitter flies, fears mount on bubble Twitter's high-flying Wall Street debut drew attention to the growing power of social media, but also raised concerns about a potential bubble in the sector.

10 November 2013

Brazil freezes assets tied to Alstom, Siemens price-fixing claims Brazilian judges have frozen assets worth $26 million involved in an alleged cartel suspected of price-rigging during bidding for Sao Paulo's metro rail systems.

09 November 2013

Kazakhstan officials drink 1 billion tenge worth of tea with sweets in 10 months Kazakhstan state officials have drunk almost 1 billion tenge ($6.5 million) worth of tea with sweets since the beginning of the year.

09 November 2013

US shutdown cost $2.0 billion in lost govt output The 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.

08 November 2013

A controversy surrounding property confiscation of Kazakhstan's fugitive tycoons Kazakhstan wants to start confiscating property of fugitive tycoons without getting a court verdict.

06 November 2013

New Finance Minister appointed in Kazakhstan Bakhyt Sultanov has been appointed the new Minister of Finance in Kazakhstan.

06 November 2013

Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan has based its new 3-year budget on the oil price of $90 per barrel.

05 November 2013

Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).

04 November 2013

Chinese bank lends Niger $1 billion: minister Niger has accepted a controversial $1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects.

30 October 2013

Toxic US corporate culture unchanged: TARP watchdog Five years after the US financial crisis forced the massive government TARP bailout, the US corporate culture remains toxic and breeding crime.

29 October 2013

Britain to announce Islamic Index on stock exchange Prime Minister David Cameron was on Tuesday to announce a new "Islamic Index" on the London Stock Exchange and reveal plans for Britain to release an Islamic bond.

29 October 2013

Oil-rich Kuwait warns welfare state unsustainable Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.

29 October 2013

JPMorgan to pay $5.1 bn to settle Fannie, Freddie claims JPMorgan Chase will pay $5.1 billion to settle charges it overstated the quality of mortgages and mortgage-backed securities sold to Freddie Mac and Fannie Mae.

27 October 2013

Sandy clean-up 'enormous' one year on A year after Hurricane Sandy, the United States still faces an enormous task to repair $60 billion worth of damage and improve resiliency before the next cyclone.

27 October 2013

Twitter seeks up to $1.61 bn in IPO Twitter said Thursday it would seek to raise up to $1.6 billion in its initial public offering expected in the coming weeks.

26 October 2013

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