US court rejects plea for attachment of Sahara hotels

In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels here. Hong Kong-based JTS Trading had approached the court seeking......

Madoff trustee sues J P Morgan for $6.4 bn

The trustee liquidating the assets of imprisoned scamster Bernard Madoff has sued J P Morgan seeking damages worth $6.4 billion for allegedly aiding the fraud committed by him. Once a revered Wall......

US market regulator charges 3 for insider trading

The US market regulator has charged three individuals, including an investment banker with UBS, for running an insider trading ring. The three people raked in "illicit" profits worth $1 million by......

The next economic shoe to drop

One of the more vexing aspects of trying to make sense of today's laboured financial markets is determining if we are officially in a recession. While it might seem very much like an actual......