U.S. banking giant JP Morgan Chase will reportedly pay $13 billion to end federal and state investigations into mortgage-backed securities it sold before the financial crisis, marking the largest civil penalty ever levied onto a U.S. company and wiping out more than half of the bank's 2012 profits.
If you thought Fortescue Metals Twiggy Forrest's bank account could fill up fast, check out the People's Bank of China. Data revealed this week that China's foreign exchange reserves increased $US160 billion to hit US$3.7 trillion. That's some serious money.
More than 100 people residing in Edmonton in Canada's rural area of Alberta have been forced to evacuate after 13 cars owned by the Canadian National Railway Co (CNR) derailed on early Saturday morning. No injuries were reported. Two cars, which form part of a trainload carrying crude and liquefied petroleum gas, remain on fire.
The number of billionaires from Canada has grown by 33 per cent from a decade ago, according to the latest global wealth report by Credit Suisse. Retaining this number, however, is an altogether different story for the country.
Mapping Social Cohesion report reveals that Aussies racism is higher within the past seven years; Immigration minister Scott Morrison wants asylum seekers to be called as “illegal”
Citizenship and Immigration Canada reports that Canadian immigration programmes reached a record high in 2012.
There are a few people in New Zealand who still don't know who Bevan Chuang is. The woman at the centre of Len Brown's sex scandal is hitting the headlines since she revealed her two-year affair with the incumbent Auckland mayor on Tuesday. But even before her explosive expose, the 32-year-old Hong Kong-born Ms Chuang was no stranger to controversy.
It is not just former Secretary of State Hillary Clinton who has cast a moist eye on the seat currently occupied by U.S. President Barack Obama. Also interest in running for the presidency is action star and former California Governor Arnold Schwarzenegger.
Chad, Chile, Lithuania, Nigeria and Saudi Arabia have been elected to serve on the United Nations Security Council for a two year term beginning Jan 1, 2014. The UN General Assembly, elected the five countries as as non-permanent members to the Security Council on Thursday. These countries will replace Azerbaijan, Guatemala, Morocco, Pakistan and Togo, whose terms will conclude by the end of the year.
With the election of Chad and Saudi Arabia for the two-year term to the all powerful United Nations Security Council (UNSC), human rights groups fear that getting a unanimous Security Council agreement to act against rogue nations and rights abusers may become even more difficult
Postmedia News noted Canada is likely to lift visas for Czech travelers to the country in the coming weeks.
The raid by the U.S. military to capture Osama Bin Laden is “one big lie”, according to Seymour Hersh.
Even NASA is all set for the Halloween. With all the haunted hotels, restaurants and other places featured worldwide, currently there is the Launch Complex-34 for the space agency.
She had nothing to gain and a lot to lose, so why did Bevan Chuang go public with her illicit affair with married with children Auckland mayor Len Brown? The 32-year-old woman at the centre of the incumbent mayor's sex scandal has revealed that she was pressured to expose the affair by his rival John Palino's election campaign team.
Scientists and amateur astronomers expect the fast approaching 2013 Comet ISON to shine brightly and become visible through telescopes by the end of October which refutes initial reports regarding the fizzling out of the “Comet of the Century.” The amateur astronomers were able to spot and capture images of the approaching comet with the use of professional telescope lens.
Embattled Auckland Mayor Len Brown’s extramarital affair is endangering his mayoral position and the trust of his constituents, but there’s one thing he can count on: his daughters’ support.
Climate change brought by global warming will greatly affect the world's oceans and the effects will dramatically be felt by 2100.
Tokyo Electric Power Corporation (TEPCO), operator of Japan's crippled Fukushima nuclear power plant, has again released highly radioactive water into the ocean, as Typhoon Wipha dropped heavy rainwater onto the plant.
For the second time in the past week, embattled Canadian telco firm Blackberry has received another round of lawsuit. On Tuesday, Blackberry shareholders in Quebec filed a class-action lawsuit against the company, alleging the company has been taking them for a ride by issuing statements that only allude to false hopes.
A man from a Pacific island nation of Kiribati has asked a New Zealand court to let him appeal a decision to recognise him as an asylum seeker and allow him to stay in the country as a climate change refugee.
The Chinese government is set to install GPS tracking systems in all state-bought vehicles, reported local state media last weekend, seeking to crack down on officials who use government cars for their own private purposes.
Canada is going to offer an honorary citizenship to Ms Yousafzai.
Former Australian Attorney-General Nicola Roxon issued a mouthful against ex-Prime Minister Kevin Rudd, challenging him to quit Parliament for the good of the federal parliamentary Labor Party. She also described him as a rude bastard and dysfunctional leader.
Prostitution, servitude and forced labour are the key trades that represent modern-day slavery - human trafficking, the most diverse nature of which can be seen in the Greater Mekong region.
Is 2015 going to be a lucky year for Justin Trudeau? Will he able to grab the keys of 24 Sussex Drive? Will he be the next prime minister of Canada? The assumptions are going strong.
Auckland Mayor Len Brown is adamant that he will not step down from power. The controversial New Zealand politician has admitted that he had an affair with former council advisory board member Bevan Chuang, but refuses to give up his position.
While Tony Abbott, when he was still Opposition leader in mid-2012, vowed that the first thing he would do if he would win the federal election and become prime minister is to repeal the carbon tax law.
The 7.4 magnitude quake that struck Bohol island in the southern Philippines has not only damaged malls and ripped roads apart in the province, it has also caused massive damage to at least two historical churches.
A 7.4 magnitude earthquake struck southern Philippines Tuesday morning. Unconfirmed reports said at least four people have died toppling power lines and leaving some provinces without electricity.
The New Zealand government has rejected the appeal of tech companies to be exempted from the controversial spy law.
