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SEC scanning bank loan practices: report

U.S. securities regulator is seeking information from an unknown number of regional and community banks that have restructured troubled loans in order to make them appear healthier than they really are, the Wall Street Journal said, citing people familiar with the situation.

Can Daimler partnership give China’s electric car startup BYD a lift?

Can Daimler partnership give China’s electric car startup BYD a lift?
If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.
Clinton says China seeks to outflank Exxon in Papua

Clinton says China seeks to outflank Exxon in Papua

China wants to elbow U.S. oil giant Exxon Mobil (XOM.N) out of a $15 billion liquefied natural gas (LNG) project in Papua New Guinea, U.S. Secretary of State Hillary Clinton said on Wednesday in an example of the new competition Beijing presents to U.S. interests.
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Ratan Tata

Tata Steel raises stake in Australia's Riversdale

Tata Steel, the world's No. 7 steelmaker, has raised its stake in Riversdale Mining to more than 27 percent, making it harder for miner Rio Tinto to seal its $3.9 billion bid for the Mozambique-focused coal miner.
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Madoff trustee sues Tremont for $2.1 billion

The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud.
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Sands China Q4 jumps after FY net profit triples

Sands China (1928.HK), the Macau-based casino operator run by billionaire Sheldon Adelson, reported stronger-than-expected fourth-quarter earnings, driven by surging demand in the world's largest gaming market.
House of Slide by Level Architects in Tokyo

House of Slide by Level Architects

Have you ever imagine living in a house with a slide when you were kids? Your kids will love this house. 'LEVEL Architects' based in Yokohama have created this amazing concept house in Tokyo.
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Goldman estimates $3.4 billion in legal losses

Goldman Sachs Group Inc could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote, the investment bank said in its annual filing with regulators on Tuesday.
Seniors

EU court bans men-women insurance discrimination

Insurers must stop setting prices based on gender, an EU court ruled, in a move that could raise costs for women drivers, cut male pensions and invite more legal challenges to pricing practices.
GM eyes doubling of China sales by 2015

GM blazes trail of small car exports from China

Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N) (GM) blazing the trail with shipments of its Chevy Sail.
Allianz IM unit eyes China for pensions growth-CEO

Allianz IM unit eyes China for pensions growth-CEO

Allianz Global Investment (AGI), the funds arm of one of Europe's largest insurers, see growth opportunities in China's burgeoning pensions market, where ageing residents are battling to fund their retirements.
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Top SEC lawyer did not recuse himself on Madoff

The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
OAO Rosneft Refinery

Rosneft, Gazprom to fight over gas to fuel China

Rosneft (ROSN.MM) is set to take on Gazprom (GAZP.MM) when Russia puts the Kovykta gas field on the block on Tuesday as the country's top crude producer aims to muscle in on the gas export monopoly's plans to supply China.
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Ex-Colonial Bank exec to plead to criminal charges

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.

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