Japan

Japan

Greek debt not sustainable with 70 percent haircut: S&P

Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard […]

RBS CEO turns down bonus amid criticism of payout

Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public […]

Cameron Says Transaction Tax Madness, Urges Euro Area to Do More - Bloomberg

U.K. Prime Minister David Cameron said it would be

Egypt’s Islamists secure 75 percent of parliament

Egypt’s election commission and political groups say final results from the country’s first elections since the ouster of Hosni Mubarak show Islamist parties winning nearly […]

Going smaller and cheaper helps home builders survive

Last summer, Marie Davis was living in an 800-square-foot, one-bedroom apartment and not liking it. A single woman of 27, she wanted bigger and better.
“I […]

Iran warns Arabs not to replace embargoed oil

An Iranian pro-reform newspaper says the country’s OPEC governor has warned the country’s Arab neighbors that Tehran will view any increase in crude production to […]

Raymond James buying Morgan Keegan in $1.8B deal

Regions Financial Corp. says it has agreed to sell Morgan Keegan & Co. Inc. to Raymond James Financial Inc. for $930 million.
Morgan Keegan, one of […]

Eurasia Group names top risks for 2012

Much has been made of the grave risks the world faces in 2012. The Euro seems bound to collapse. China’s overheated real estate market […]

Japan Turns Activist on Reserves as Rank Slips - Bloomberg

Japan is crafting ways of using its $1.2 trillion of currency reserves, the world