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Reuters - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
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Reuters - The dollar’s status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week’s Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
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AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.
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Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler’s investment business, a Medici lawyer said on Friday.
AP - Canada’s finance minister said Friday that the country’s economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.
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AFP - Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.
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Reuters - Toronto’s main stock index rose on Friday morning, boosted in part by Teck Resources Ltd’s equity sale to China Investment Corp.
For mortgages owned by HUD (not just insured or guaranteed by the agency), a type of nonjudicial for ..
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AP - A federal judge has granted the Securities and Exchange Commission’s request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.
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Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China’s portfolio of commodity investments.
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