(Reuters) – Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier. The aggregate figure, which is up from $485 million previously, does not represent how […]

International Monetary Fund chief Christine Lagarde on Wednesday warned the world risked plunging into a “downward spiral” of financial instability and urged Asian economies to be on their guard. Lagarde said Asia was not immune to problems currently sweeping the eurozone, as she began a two-day visit to China likely […]

NEW YORK (Reuters) – An acceleration in the pace of U.S. economic growth in the second half of this year is expected to ebb as 2012 gets underway, although the odds of another recession have receded to one-in-four, a Reuters poll showed on Wednesday. Encouraged by a recent pick-up in […]