ROME, Sept 16 - Italy's economy may contract in 2014 for the third consecutive year, Economy Minister Pier Carlo Padoan said on Tuesday, following negative forecasts from Italy's employers' lobby and the Organisation of Economic Growth and Development.
WASHINGTON, Sept 16 - A court on Tuesday largely rejected a challenge from banking groups to the way the U.S. swaps regulator applies its rules overseas, a hotly debated issue as it reins in the $710 trillion global market.
WASHINGTON, Sept 16 - The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the for-profit institute lured students into taking out private student loans by touting "bogus" job prospects and using illegal debt-collection methods.
WASHINGTON, Sept 16 - The state of Virginia sued units of Barclays Plc, Citigroup Inc, and 11 other banks, accusing them of defrauding the state's retirement fund by selling it shoddy mortgage bonds, Virginia Attorney General Mark Herring said on Tuesday.
Lead Manager(s) Goldman Sachs International, Abu Dhabi Islamic Bank,
NEW YORK, Sept 16 - The New York state banking regulator has launched an investigation into potentially predatory practices by lenders who make short-term, high-interest loans secured by homes or other real estate.
DETROIT, Sept 16 - General Motors Co will add a third shift and 750 jobs at its Missouri assembly plant to build more of its new mid-sized pickup trucks, the No. 1 U.S. automaker said on Tuesday.
MILAN, Sept 16 - A plan by Italy's top two banks, Intesa Sanpaolo and Unicredit, to pool some of their restructured loans with the help of U.S. private equity fund KKR is not likely to be completed this year, two sources with direct knowledge of the matter said.
(The following statement was released by the rating agency) SYDNEY, September 16 (Fitch) Fitch Ratings has affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of the State of South Australia (SA) at 'AA'. The Outlooks are Stable. At the same time, Fitch has affirmed the Short-Term Foreign- and Local-Currency IDRs at 'F1+'. KEY RATING DRIVERS South Australia's ratings reflect Australia's strong institutional framework, limited economic sector diversification, weak
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