China to build monument commemorating deadly Tianjin blasts -Xinhua

BEIJING, Sept 5 - Chinese authorities in Tianjin will build a monument to commemorate the 160 people killed in two explosions in the northeastern port city last month, state media said on Saturday, citing local officials.

10:36am IST

Credit Suisse to pay $288 mln in damages in Lake Las Vegas refinancing

Sept 4 - A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case.

Freeport-McMoRan hires JPMorgan to help explore options -source

Sept 4 - Mining company Freeport-McMoRan Inc has hired JPMorgan Chase & Co to help it explore options, a person familiar with the matter said on Friday, after activist investor Carl Icahn called the company undervalued and asked for corporate changes.

6:49am IST

UPDATE 2-ISS urges shareholders vote to strip BofA CEO Moynihan of chairman title

BOSTON, Sept 4 - Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America Corp shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meeting on the matter.

5:35am IST

UPDATE 2-Rubio, on stump in Puerto Rico, says island needs new leadership

SAN JUAN, Sept 4 - Republican presidential candidate Marco Rubio told residents of Puerto Rico on Friday the island needed new political leadership as it grapples with its fiscal crisis, but protection under bankruptcy laws would not solve the U.S. territory's problems.

5:23am IST
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G20 promises transparency on rate moves as global economy disappoints

ANKARA - World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. | Video