Bank’s performance was too good to be true, analyst says

A financial analyst who studied public documents about Stanford International Bank for a friend who was considering investing in it said Thursday that it took only a cursory look to determine something was wrong. “It was kind of shocking, but then I began to think about who would actually be looking at this and who should be looking at this,” Alex Dalmady told CNN.

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Charges filed against Mumbai terror suspect

The only surviving suspect accused of taking part in the deadly terror attacks in Mumbai, India, was formally charged Wednesday with attempted murder and damage to public property, a prosecutor said. Special Public Prosecutor Ujjwal Nikam told reporters that Mohammed Ajmal Kasab did not attend the court session because of security reasons. Nikam, speaking outside Qila Court in Mumbai, said Kasab will face other charges.

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Tamil rebels ready for cease-fire

Tamil rebels in Sri Lanka were ready to accept international calls for a cease-fire but won’t lay down their weapons without a political solution in the quarter-century-long civil war, according to a letter released by the group. But no cease-fire offer is being offered as government troops press their offensive against Tamil forces and their remaining strongholds in northern Sri Lanka.

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Chinese state media: Mine blast kills 74

The death toll from a coal mine blast in northern China climbed Sunday to 74, the state-run media Xinhua News Agency said. Speaking at the civil rights group’s annual meeting in New York, NAACP President Benjamin Todd Jealous said that if Sean Delonas is not fired, the group will call for protests of the paper and Fox television affiliates, which are owned by Post parent company News Corp. “There is consensus that if the Post does not ..

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NAACP calls for firing of N.Y. Post cartoonist

Leaders of the NAACP on Saturday called for the firing of the New York Post cartoonist whose drawing lampooning the federal stimulus bill has drawn charges that it’s racist and encourages violence toward President Obama. Speaking at the civil rights group’s annual meeting in New York, NAACP President Benjamin Todd Jealous said that if Sean Delonas is not fired, the group will call for protests of the paper and Fox television affiliates, which are owned by Post parent company News Corp. “There is consensus that if the Post does not ..

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U.S.: Financial crisis spread to emerging markets

Making his international debut at the Group of Seven meetings in Rome, new U.S. Treasury Secretary Timothy Geithner said swift and decisive action is needed on several levels to address the global financial crisis. “Although this crisis began in the major economies, it’s now spread to emerging markets around the world,” Geithner said

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G7 ministers focus on stabilizing world economy

Finance ministers from the world’s leading industrialized nations were holding their second and last day of meetings in Rome on Saturday with an agenda squarely focused on the world financial crisis. Italy is hosting the meeting of the Group of Seven in its role as G7 president for 2009. G7 members are the United States, Germany, Japan, France, Italy, Britain, and Canada.

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Pakistan: Video appears to show kidnapped U.N. official

A video that aired Friday on Pakistan’s Geo TV network appears to show John Solecki, an American U.N. official kidnapped earlier this month in Quetta, Pakistan. In the video, the man who appears to be Solecki says: “This is a message to the United Nations

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