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Hong Kong Independence Activist Says China 'Destroying' City

Hong Kong independence activist Andy Chan denounced China as a modern-day colonial power in a speech before a group of foreign journalists that Beijing wanted cancelled.

Unemployment rate falls to 4%, with record low youth unemployment

As young people in England and Wales await their A-level results on Thursday 16 August, the proportion of young people who are unemployed and not in full-time education is at a record low of 4.7%.

Royal Bank of Scotland Agrees to Pay $4.9 Billion for Financial Crisis-Era Misconduct

The Justice Department on August 14, announced a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) resolving federal civil claims that RBS misled investors in the underwriting and issuing of residenti...

World Bank Launches Market’s First SSA Secured Overnight Financing Rate (SOFR) Bond

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) on August 14, priced its first Secured Overnight Financing Rate (SOFR) bond. The 2-year USD-denominated benchmark bond raised USD 1 bill...