TOKYO - Asian stocks rose on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite, while Greek debt worries again haunted the sagging euro.
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STONE MOUNTAIN, Ga. - A top U.S. Federal Reserve official on Monday suggested stress tests and certain capital requirements to contain the risks within the non-bank lending sector, while acknowledging there is little the central bank can do to impose such restrictions.
TAIPEI - Taiwan will submit an application to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) on Tuesday, a spokesman for the office of the island's president said.
- American International Group Inc Chairman Robert "Steve" Miller intends to step down in July after five years in the role, the Wall Street Journal reported.
NEW YORK - A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks.
- A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford's fraud who claimed that the Securities and Exchange Commission was incompetent for having taken too long to uncover the swindler's $7.2 billion Ponzi scheme.