Articles by Justin George Varghese, Rachel Armstrong and Pamela Barbaglia

U.S. Fintech Firm to Buy Worldpay for $35B in Biggest Ever Digital Payments Deal

Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. The financial technology sector is consolidating …

EU and Singapore Finalize Details of Far-Reaching Trade Deal

The European Union and Singapore have finalized the details of one of the world’s most comprehensive free trade agreements, a pact the EU sees as a stepping stone towards a wider deal with booming economies in Southeast Asia. The European …

Big Insurers May Escape Capital Surcharges Under Global Regulations

New rules to ensure no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders, although unlike banks they may not include capital surcharges, according to industry supervisors. …

China Accounting Scandals Put Big Four Auditors on Red Alert

The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along …

Japan Nuclear Crisis to Trigger Huge Civil Damage Claims

Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant operator, Tokyo Electric Power Co. …

Stability Board Says ‘Much Work to be Done’ to Secure Financial System

The Group of 20’s financial taskforce said on Friday there is still much work to be done on its regulation agenda to ensure that financial stability is secured. In a progress report to the leaders’ summit in Seoul, the Financial …

Insurance Supervisors Warn Against European Union’s Levy on Sector

It would be unfair to include insurance companies in the European Union’s proposed banking levy, industry supervisors said Sunday. Yoshihiro Kawai, secretary general of the International Association of Insurance Supervisors (IAIS), said the insurance industry should not be caught up …