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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac Bancorp.

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday, saving ammunition for later in case Europe's deepening debt crisis warrants further supportive action to shield the fragile economy.

BEIJING (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.

NEW YORK (Reuters) - Stocks closed mostly flat on Tuesday after volatility late in the session, with weakness in materials and energy shares offsetting strength in financials.

NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers.