Bad Paper

PVM Oil Associates manager wrote bullish note on rising prices before rogue trade discovered

Sarah Palin abruptly resigned as governor of Alaska, saying she did not want to waste her time on ‘political blood sport’ and would hand power to her deputy later this month.

South Korea’s Yonhap news agency, citing an unnamed government official, reports that North Korea on Saturday test-fired two Scud-type missiles that have an estimated range of 500km

Private equity are eagerly buying troubled lenders, but they are not the money spinners that they once were, writes Henny Sender

PVM Oil Associates manager wrote bullish note on rising prices before rogue trade discovered

Sarah Palin abruptly resigned as governor of Alaska, saying she did not want to waste her time on ‘political blood sport’ and would hand power to her deputy later this month.

Private equity are eagerly buying troubled lenders, but they are not the money spinners that they once were, writes Henny Sender

Beijing has joined a growing clamour of complaint about US plans for a carbon tax on imports from countries without their own emission caps, warning it could set off a global trade war

NEW YORK/VIENNA (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.

Private equity groups that want to buy troubled banks would have to meet significant capital requirements and promise not to ‘flip’ their investments for at least three years under new proposals by US regulators seeking to attract money into the ailing industry

Chinese carmaker Beijing Auto has made a non-binding offer for Opel in the third such bid to be received by General Motors

LONDON (Reuters) – World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.

NEW YORK (Reuters) – With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.

TOKYO (Reuters) – Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.