Argentina central bank holds reference rate steady after eight cuts
BUENOS AIRES, Sept 27 Argentina's central bank held its reference rate at 26.75 percent on Tuesday, ending an eight-week cutting cycle as policymakers try to damp inflation.
MOSCOW, April 17 President Vladimir Putin said Russian forces had been active in Crimea in order to support local defence forces, the first time he has admitted deployment of Russian troops on the Black Sea peninsula.
"We had to take unavoidable steps so that events did not develop as they are currently developing in southeast Ukraine," Putin said in a televised call-in with the nation. "Of course our troops stood behind Crimea's self-defence forces."
(Reporting by Alexei Anischchuk; Additional repoting by Polina Devitt, Andrey Kuzmin; Writing by Alessandra Prentice; Editing by Lidia Kelly)
NEW YORK, Sept 27 Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration said on Tuesday.
CHICAGO, Sept 27 Bonds sold by U.S. states, cities, schools and other issuers in the municipal market could be held as liquid assets by banks under legislation introduced on Tuesday in the U.S. Senate, bolstering the case for purchasing the debt while helping financial institutions weather market crises.