Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit. | |
The Justice Department is poised this week to publicly defend a little-known law-enforcement practice that critics say may be the "sleeper" privacy issue of the 21st century: the collection of cell-phone "tracking" records that identify the physical locations where the phones have been. | |
One thing most Democrats and Republicans around the nation seem to agree on is that their government is too cozy with Wall Street -- and that that's not a good thing. | |
Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs. | |
The 15-year-old girl thought the three security guards in the Seattle bus tunnel would protect her from attack. She was wrong. | |
Aping the assassination tactics of Josef Stalin, the U.S. has created an illegal “hit list” of Americans abroad marked for murder. | |
India aims to test a new nuclear-capable missile with a 5000-km (3,100-mile) range, a top military scientist said on Wednesday, a move that could complicate security in a volatile region. |