Fight with bondholders looms as the U.S. commonwealth notches biggest public-sector credit event since Detroit's filing for bankruptcy.
MUMBAI The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.
Three U.S. airlines have announced they will no longer allow hunters to bring their big-game trophies on flights amid the recent uproar over an American who killed a well-known lion in Africa.
LONDON: A trader who worked for UBS and Citigroup was jailed on Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.
TOKYO Toyota Motor Corp (7203.T) posted a third straight year of record first-quarter net profit on Tuesday, easily beating analyst estimates, as costs cuts and currency gains made up for slightly weaker vehicle sales.