The House of Representative has formally asked SEC to stop the recapitalisation exercise of Union Bank Plc today. Details to be issued before end of day. Source: Proshare

A rating agency’s threat to downgrade 15 eurozone countries, including Germany, as well as Europe’s bailout fund has added pressure on the region’s leaders to find a lasting solution to their crisis at a summit this week. Chancellor Angela Merkel on Tuesday downplayed Standard & Poor’s warnings, but the possibility […]

Home prices fell in October for the third month in a row with growth in the beleaguered sector expected to remain flat for years to come, data analysis firm CoreLogic Inc said on Tuesday. CoreLogic’s home price index fell 1.3 percent in October from the month before. Compared to October […]