LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures. More policy changes are needed to reduce the excessive risk taking that was blamed for ...More
TOKYO (Reuters) - The Bank of Japan is expected to hold off on easing monetary policy next week but is gearing up for further action in October as the strong yen threatens to derail its forecast of a moderate economic recovery, sources said. Having just loosened policy at an emergency meeting ...More
MEXICO CITY (Reuters) - At least 25 suspected drug gang members were killed in an army raid in rural northeastern Mexico on Thursday, the army said in a press release. Soldiers were sent to the location after an airborne patrol sighted armed men outside a building. Fighting began when the men ...More
WASHINGTON (Reuters) - The U.S. Environmental Protection Agency will roll out more regulations on greenhouse gases and other pollution to help fight climate change, but they will not be as strong as action by Congress, a senior administration official said. The agency "has a huge role to play in continuing ...More
WASHINGTON (Reuters) - A last-minute change in the fall course schedule of Harvard law professor Elizabeth Warren has fueled speculation the White House might soon nominate her to head the newly created U.S. consumer financial agency. Harvard students enrolled in Warren's contracts class were informed that a different professor ...More
WASHINGTON/PHOENIX (Reuters) - The Justice Department on Thursday sued an Arizona sheriff for refusing to cooperate with its investigation into allegations he and his police force discriminate against Hispanics in his program to crack down on illegal immigrants. Maricopa County Sheriff Joe Arpaio has conducted regular arrest sweeps to try ...More
NEW ORLEANS (Reuters) - An oil and gas platform operated by Mariner Energy burst into flames in the Gulf of Mexico on Thursday, but the crew of 13 escaped and there were no signs of an oil spill, the Coast Guard said. The accident brought unwelcome attention to the offshore drilling ...More
