LONDON - An accounting rule forcing banks to set aside capital far earlier for troubled loans will be completed next month and start in 2017, a global standard setter said on Tuesday.
JAKARTA - Indonesia posted a small and unexpected trade surplus in October after the central bank tightened monetary policy to slow the economy and imports, a policy likely to remain in place to stem the risk of outflows once U.S. tapering kicks in.
SINGAPORE - Tiny Singapore does not look at first sight like one of Apple Inc's priority markets: it has no official Apple Store and doesn't even rate a mention in the company's latest annual report.
BERLIN - German parties negotiating the formation of a new government have signalled that they want certain domestic banks shielded from external oversight by the European Central Bank once it assumes new supervisory powers next year.
LONDON - The world's "shadow banking" sector grew by $5 trillion (3.11 trillion pounds) last year to $71 trillion, helped by a 42 percent expansion in China, according to the latest annual figures from the Financial Stability Board.
LONDON - Brokerage Newedge, a joint venture between Societe Generale and Credit Agricole's Corporate and Investment Bank , said on Tuesday it plans to offer execution and clearing services for start-up exchange group GMEX.
LONDON - A new global watchdog with binding powers is needed to resolve disputes like the current clash over derivatives rules that threatens to undermine financial stability, top market officials said.
LONDON - European Union rules being finalised to regulate derivatives and bond trading are too light-touch and will leave markets in the dark, EU financial services chief Michel Barnier has said.
BRUSSELS - Persistent doubts about the ability of the United States to resolve its debt problems are putting U.S. credibility in the world at stake, European Commission President Jose Manuel Barroso has warned.
BRUSSELS - Ambitious plans for an EU-U.S. free-trade agreement may be put in jeopardy by Washington's failure to finalise a deal coordinating rules in the $630 trillion (391.47 trillion pounds) derivatives market, the EU's financial markets chief has warned.