Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.
Taiwanese regulators cleared on Tuesday China's Xiaomi Inc [XTC.UL] and other smartphone brands of breaching local data protection laws after national security concerns triggered the government to launch a probe in September.
Ships and planes resumed the search for wreckage, bodies and black boxes of a doomed AirAsia plane on Wednesday after Indonesian rescuers found several bodies and debris floating in shallow waters off the coast of Borneo.
The International Monetary Fund (IMF) was partially responsible for the scale of the Ebola crisis in three West African countries as its policies hampered healthcare spending in these post-conflict states, according to a new study.
