Wednesday, May 22nd | Last update05:21:07 AM GMT

Bonds

S&P faces US govt suit over mortgage bond ratings

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The US government plans to sue Standard & Poor's over its rating of mortgage bonds at the heart of the 2008 financial crisis, AFP reports citing the agency, slamming the case as "entirely" groundless.

OECD joins call for eurozone bonds

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The Organisation for Economic Co-operation and Development has joined French and EU officials in calling for a move towards jointly-guaranteed eurobonds at a time it sees as perilous for the global economy.

Rosneft to pay dividends for 2011

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MOSCOW - The board of Russia's top crude producer Rosneft on Saturday recommended the company pays out 3.45 roubles ($0.12) per share in dividends for 2011, up 25 percent from the 2.30 roubles it paid the previous year.