Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship
French Finance Minister Pierre Moscovici urged the euro zone on Tuesday to take a first step to mutualise its short-term debt, stopping short of jointly-issued "Eurobonds" which he recognised German Chancellor Angela
UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to
Top soccer-boot maker Adidas probably shouldn't be worrying about losing its star sponsored player, Lionel Messi, just yet but a rare venture that marries South Korean money with North Korean labour in
The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest
Sandy, one of the biggest storms ever to hit the United States, battered the nation's eastern seaboard on Tuesday, swamping New York City streets with record levels of floodwater, blacking out power
Apple CEO Tim Cook on Monday pushed out the powerful head of the company's mobile software products group, sources said, in a major management shake-up that also claimed the recently hired chief
Greek banks will have to issue shares to meet more than half of a 9% capital adequacy requirement to be set as part of their recapitalisation, sources said, in a move that
* Seeks imports until 2018, when it gets own supply * Cyprus has received 17 bids for the supply of natural gas, its state gas company said on Monday, in an interim
Three suspects, said to be plotting the assassination of the Attorney General, were remanded in custody late on Monday for eight days by the Nicosia District Court in connection with police investigations
