SEC asks regulators to review IPO ways
Washington: The US Securities and Exchange Commission (SEC) on Thursday said chairman Harvey Pitt has asked securities regulators to review IPO, as abuses in the system have been uncovered in wake of dotcom bust. 
Back to News Review index page  
World Bank predicts 4-fold rise in economy in 50 yrs
New York: The World Bank has predicted a fourfold increase in the size of the global economy and significant reductions in poverty in the next five decades.
Back to News Review index page  
EU to pursue WTO case despite US duty rollback
Bussels: The European Commission on Friday welcomed the partial withdrawal of US steel tariffs but said it will continue to pursue a World Trade Organisation complaint. 
Back to News Review index page  
Probe on Citi brokerage unit widens, CEOs role under lens
New York: New York states attorney general has widened his probe on Citigroup Incs brokerage unit and is now looking into a lucrative financing deal and what role Citigroup chief executive Sanford Weill might have played, The Wall Street Journal said on Friday. 
Back to News Review index page  
Fax.com faces $2.2-tn suit for sending 'junk faxes'
California: A coalition of California activists filed a jaw-dropping $2.2-trillion set of lawsuits against facsimile marketer Fax.com on Thursday, saying millions of junk faxes are clogging the nations fax machines, jamming communications and possibly endangering lives. 
Back to News Review index page  
US signs deal to reschedule $3 bn Pak debt
Washington: The United States signed an agreement in Islamabad on Friday for the consolidation and restructuring of $3 billion in debt owed by Pakistan, a key ally in its war against terror.
Back to News Review index page  
Mizuho bank to compensate govt for loss over computer glitch 
Tokyo: Leading Japanese bank Mizuho Bank said on Friday it has agreed to pay the Tokyo metropolitan government compensation for costs it incurred from problems caused by the banks computer system glitches after its launch in April. 
Back to News Review index page