LONDON - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain’s finance ministry says.Before a referendum due in September 2014 on whether Scotland should split from the United Kingdom, the British ...

Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.In a wide-ranging speech explaining the Fed’s role in monitoring the ...

LAS VEGAS- Unbeaten Floyd Mayweather returns to the ring after a year's absence that included a jail stint on Saturday, risking his World Boxing Council welterweight title against southpaw Robert Guerrero. Mayweather, 43-0 with 26 knockouts, went to jail last June for domestic violence and since ...

RAWALPINDI  – Furniture factories illegally operating in the streets of Kurri, Band Khanna and Chaklala Road have given rise to respiratory and other fatal diseases like TB in the areas. These factories have been set up inside the streets in connivance with the corrupt elements of Town ...

White House counterterrorism advisor John Brennan on Sunday defended the administration's campaign of drone missile attacks against militants while acknowledging that the air strikes have sometimes killed noncombatants."Unfortunately, in war, there are casualties, including among the civilian ...