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  • Settlement monitor faults four largest US mortgage servicers for lapses Settlement monitor faults four largest US mortgage servicers for lapses

    WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...

  • Puerto Rico hopes to net $100 mn from tax amnesty

    The Puerto Rican government expects to net around $100 million from a tax amnesty that expires June 30, Treasury Secretary Melba Acosta said Wednesday. There are many tax debtors who have the chance to get up to date with the tax office, she said in a statement on WKAQ radio. "These debtors have the opportunity to get up to date without paying interest," Acosta said, though adding that after ...

  • Rupee hits new all-time low of 60 tumbles 130 paise against US dollar

    The rupee on Thursday plunged by a whopping 130 paise to hit life-time low of 60 against the US dollar in early trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers.Besides, dollar's strength against major currencies overseas on comments by Federal Reserve Chairman Ben Bernanke that the central bank may scale back its monetary stimulus ...

  • The Asian stock markets plunged in line with the US markets

    The appetite for risk remained subdued in the Far East after imploding late Wednesday, when the Federal Reserve maintained its bond-buying program, but Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. The foreign currencies remain under pressure after tanking. The Asian stock markets plunged in line with the US markets. The short-term outlook for the ...

  • Spreadbetters see Europe stocks sinking after Fed

    PARIS, June 20 | Thu Jun 20, 2013 1:03am EDT PARIS, June 20 (Reuters) - Financial spreadbetters expect Europe's main stock indexes to drop on Thursday, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben Bernanke confirmed the Fed would begin winding down its stimulus spending later this year. Spreadbetters expect London's FTSE 100 to open around 100 points ...


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Movie Review

Enchanted [DVD]

Enchanted [DVD]

Is there some subversion afoot in the House of Mouse? Enchanted, a fantasy in which characters from a faux-traditional Disney animated fairy tale come crashing into the real-life world of New York City, neatly parodies almost all of the most cherished traditions of the Disney institut ... ...

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  • UPDATE 2-China factory activity hits 9-month low policy action eyed

    Thu Jun 20, 2013 12:49am EDT * PMI at 9-month low as new orders drop to 10-month low * Adds to markets nerves post Fed decision * Eyes on central bank action, but property bubble may rule out rate cut By Kevin Yao BEIJING, June 20 (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second ...

  • MIDEAST WEEKAHEAD-Gulf markets can ride out political risk

    Thu Jun 20, 2013 12:49am EDT * Escalation of Syrian civil war worries Gulf Arab states * Saudi stocks suffer biggest one-day fall in two years * But good economic backdrop expected to prevent any downtrend * Kuwait faces political uncertainty before surprise elections * But market sees good chance of another cooperative parliament By Nadia Saleem DUBAI, June 20 (Reuters) - Gulf Arab stock ...

  • Metals Stocks Gold prices drop as Fed signals stimulus slowdown

    LOS ANGELES (MarketWatch) -- Gold futures dropped Thursday, stung after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this ...

  • Rupee hits lifetime low of 59.94 in early trade bonds stocks slump

    foreign capital inflows to fund its current account deficit. Market were also hit by data showing China's factory activity weakened to a nine-month low in June. The rupee fell to a record low of 59.9350 to the dollar, breaching past its all-time low of 58.98 on June 11. The rupee was trading at 59.82/81, down from its 58.71/72 close on ...

  • TREASURIES-Bonds pause slide after weak China factory data

    TOKYO, June 20 | Thu Jun 20, 2013 12:22am EDT TOKYO, June 20 (Reuters) - Weak Chinese manufacturing data on Thursday helped put a floor under U.S. Treasuries prices, which steadied after first extending losses in Asia in the wake of Federal Reserve Chairman Ben Bernanke's signal that the U.S. central bank could begin tapering its asset-purchasing stimulus later this year. * ...

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