Regulator working on changes to capital requirements, short-term funding

European stocks dropped for a fourth day, their longest streak of losses in five weeks, as the region’s governments weighed tougher sanctions on Russia and concern grew the U.K. may be heading for partition. U.S. index futures were little changed, while Asian shares fell.Sports Direct International Plc slid 3.3 percent after saying its performance in its first accounting quarter was hurt by England’s early exit from World Cup soccer tournament. Bilfinger SE lost 2.3 percent after announcing job

SAN FRANCISCO (UPI) -- Amazon launched their answer to the smartphone earlier this summer to much fanfare. Touting features other phones don't have, like Firefly that will allow users to photograph barcodes on products instantly placing them on a shopping list. Firefly can even recognize music, movies, artwork on a wall and even TV shows.Fast-forward a few months, and Amazon has slashed the price of it's much lauded phone to .99 cents. That price is with a two-year contract with AT&T, the exclus

SYDNEY (AFP) -- The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.In a study released at a G20 Labour and Employment Ministerial Meeting in Australia, the Bank said an extra 600 million jobs needed to be created worldwide by 2030 just to cope with the expanding population."There's little doubt there is a global jobs crisis," said the World Bank's senior director fo

BEIJING (AFP) -- European businesses in China on Tuesday warned the Communist Party urgently to implement promised reforms or risk seeing growth in the world's second-largest economy plummet and incomes stagnate."The 'golden age' for business in China is drawing to a close," the European Union Chamber of Commerce in China said."China is nearing the end of its window of opportunity to create the framework to rebalance the economy," it added in its annual European Business in China Position Paper.

SAN FRANCISCO (AFP) – It is a marketing strategy that few experts would recommend and even fewer companies can pull off.But the less Apple says about its eagerly anticipated event on Tuesday at a performing arts center in Silicon Valley, the more frenzied the speculation becomes.In keeping with its style, Apple has revealed little about what is expected to be the unveiling of the company's first "big thing" since the death of legendary co-founder and driving force Steve Jobs nearly three years a

KUALA LUMPUR (AP) ― Malaysia Airlines has renamed a promotional competition asking people what activities and destinations are on their “bucket list” after acknowledging it was inappropriate given the two deadly disasters it has suffered this year.A bucket list is a term used by some English-speakers to describe a list of adventures they want to have before they die. The “My Ultimate Bucket List Campaign” asked customers to come up with suggestions, the best of which would win prizes including f

WASHINGTON (AP) ― Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown. The Federal Reserve adopted rules on a 5-0 vote Wednesday that will subject big U.S. banks for the first time to so-called “liquidity” requirements. Liquidity is the ability to access cash quickly. The Federal Deposit Insurance Corp. and the Treasury Departme

BUENOS AIRES (AFP) ― Argentina’s lawmakers approved a measure early Thursday that would transfer the payment site for the country’s restructured debt obligations from New York to Buenos Aires, as the country grapples with fallout from its 2001 default.France was also added as an alternative payment source in the vote after a marathon session that began Wednesday. The measure was passed by the Senate passed by a vote of 39 to 27 with two abstentions, and now goes to the Chamber of Deputies.The me

LOS ANGELES (AP) ― To keep private pictures private, never upload them online.That’s the advice experts offer after hackers broke into female celebrities’ personal accounts, stole nude photos and posted them on the Web. Jennifer Lawrence and Mary Elizabeth Winstead have said they were victims of the hack attack.Federal investigators are looking into the theft, and Apple confirmed Tuesday that while individual accounts were breached, its iCloud and Find My iPhone services remained secure.This lat

A German taxi organization won a fast-track ruling that may halt the use of Uber Technologies Inc.’s ride-hailing application in the country. Uber drivers don’t have the necessary permits to carry passengers under German law, a Frankfurt court said in the emergency ruling dated Aug. 25, citing evidence provided by Taxi Deutschland Service Gesellschaft fuer Taxizentralen eG. The Frankfurt case is one of at least four legal actions against the company in the country. Governments and regulators in