"Wallstreet" Reader

"Wallstreet" Reader

Banks Present Own Crisis Plan to Fed

Posted: 23 Jun 2013 06:37 PM PDT

Banks have floated to federal regulators a proposal on how to pay for a restructuring of the nation's largest financial institutions in the event of a future crisis.

Australians Nervous Over China Investment

Posted: 23 Jun 2013 07:22 PM PDT

Most Australians think the government is allowing too much Chinese investment, a poll suggests, even as ownership of local assets by the nation's biggest trading partner remains relatively small

Fed Must Show Reserve Amid Market Pressure

Posted: 23 Jun 2013 05:49 PM PDT

During the bleakest crisis days, the Fed often had little choice but to give in. Now, as markets again throw a tantrum upon hearing the Fed may soon start scaling back, it must hold firm.

Palestinian Premier's Resignation Accepted

Posted: 23 Jun 2013 04:49 PM PDT

Palestinian President Mahmoud Abbas accepted Prime Minister Rami Hamdallah's resignation less than a month after his appointment, a move that deals a blow to the standing of the Palestinian leader and his government.

Chinese Industrial Subsidies Grow

Posted: 23 Jun 2013 06:51 PM PDT

Chinese publicly traded companies received $13.83 billion in government subsidies last year, up 23% from a year earlier.

Israel Appoints New Central Bank Chief

Posted: 23 Jun 2013 02:22 PM PDT

Israel has appointed respected banker Jacob Frenkel as the next governor of the Bank of Israel.

New Buyout Firm Is Readied

Posted: 23 Jun 2013 05:31 PM PDT

Two private-equity veterans are joining forces with a tech executive to raise a first-time private-equity fund, a relatively rare event in recent years.

Closed-End Funds Bite Back

Posted: 23 Jun 2013 04:21 PM PDT

Abreast of the Market: The same features that help closed-end funds offer fat returns, or yields, are backfiring amid rising expectations that the central bank will pull back on bond purchases that had kept interest rates low.

Investors' Expensive Alpine Redoubt

Posted: 23 Jun 2013 02:55 PM PDT

A lot of perceived haven assets have lost their shine. But one has been a stalwart: the Swiss franc.

'Monsters University' Tops Box Office

Posted: 23 Jun 2013 07:29 PM PDT

There was good news to spare at the box office this weekend, as "Monsters University" and "World War Z" both enjoyed solid openings.

China Signals More Inaction on Credit

Posted: 23 Jun 2013 06:58 PM PDT

China's government signaled little respite from the cash crunch that has afflicted its financial system. A commentary published by the official Xinhua news agency said there was no shortage of funds in the system.

Enbridge Shuts Canadian Pipeline After Oil Spill

Posted: 23 Jun 2013 09:38 AM PDT

Canadian pipeline operator Enbridge said it had shut down and isolated a pipeline north of Cheecham, Alberta, after detecting a spill of some 750 barrels of light, synthetic crude oil.

Starbucks Resumes Tax Payments in Britain

Posted: 23 Jun 2013 05:59 PM PDT

Starbucks said it paid U.K. corporation tax for the first time since 2008, a move that followed sustained pressure from the British government.

U.K., China Reach Currency Deal

Posted: 23 Jun 2013 05:05 PM PDT

China and Britain have reached a three-year deal to swap their currencies when needed, the first such agreement between Beijing and a major developed economy and a move that could help boost the Chinese yuan outside Asia.

Governments Urged to Pick Up Pace on Economy

Posted: 23 Jun 2013 05:21 PM PDT

Efforts by the world's "overburdened" central banks to stabilize financial markets have allowed governments to delay necessary reforms to their economies and banking systems, the Bank for International Settlements said.

MUFG to Buy 51% Stake In Bank of Ayudhya

Posted: 23 Jun 2013 03:58 PM PDT

Mitsubishi UFJ Financial Group is set to buy a 51% stake in Thailand's Bank of Ayudhya as early as next week, in what could be the biggest acquisition by a Japanese bank in Southeast Asia.