Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to
The pace of increase in jobless accelerated in March, rising by 31.8% over the year earlier, compared with an increase of 27.1% in February. The total number of number of registered unemployed
Japanese carmaker Nissan Motor Co on Tuesday said it will spend $200 million to build a new hatchback at its UK plant as British Prime Minister David Cameron began a tour of
President Barack Obama's healthcare law could sharply exceed its cost-savings targets and add up to $530 billion to the federal budget deficit, a leading authority on U.S. government benefit programs said on
German exports rose for the second month in a row in February, data showed on Tuesday, as Europe's largest economy fended off the euro zone debt crisis better than others and found
Brent crude futures slipped towards $122 on Tuesday as a steeper than expected fall in China's overall imports in March raised concerns about oil demand growth in the world's second-biggest consumer. Investors
The yen inched higher against the dollar after the Bank of Japan refrained from more easing on Tuesday, although many thought it would stay under pressure on expectation Tokyo would loosen policy
Asian shares struggled on Tuesday as investors remained cautious after Chinese trade data showed the world's second largest economy may be able to achieve a soft landing but global growth concerns lingered
EFG Eurobank will sell its Turkish arm to Kuwait's Burgan Bank in a $355 million deal which will help shore up the struggling Greek lender's capital base. Burgan, the commercial banking arm
Formula One teams headed to China on Monday still unsure whether their return trip would take in troubled Bahrain for the following grand prix next week amid safety fears and increasingly loud
