Goldman’s key capital ratio performs better in own stress test
NEW YORK (Reuters) - Goldman Sachs Group Inc's key capital ratio would be higher in its own stress test compared with a projection released by the Federal Reserve, according to a document posted on the bank's website on Thursday. Goldman said its Tier 1 common ratio would drop to a minimum of 8.6 percent under extremely stressed economic conditions, whereas the Fed projected that ratio would drop as low as 5.8 percent for the Wall Street bank. In order to pass the Fed's stress test, 18 large U.S. banks had to meet a minimum Tier 1 common ratio of 5 percent. ...
World News
China factory activity slows further
China's manufacturing activity weakens further in June, falling to a nine-month low as demand falls, according to a preliminary survey by HSBC.
China jails 19 Uighurs for religious extremism
BEIJING (Reuters) - Courts in China's far western region of Xinjiang have sentenced 19 ethnic Uighurs to up to six years in jail for promoting racial hatred and religious extremism online, in the latest crackdown on what China sees as violent separatis...
Sopranos actor James Gandolfini dies
James Gandolfini, the US actor best known for his role as a therapy-seeking mob boss in The Sopranos, dies at the age of 51.
Fed ‘could end bond-buying in 2014′
The Federal Reserve maintains its $85bn-a-month (£54bn) asset purchase programme, but says it could begin scaling back later this year and ending it completely in 2014.
Corbisiero named in Lions Test side
England prop Alex Corbisiero is the surprise inclusion in the Lions team for the first Test against Australia on Saturday.
Brazil wrestles with wave of protests
Gary Duffy assesses Brazil's response to wave of protests
