American International Group Inc said on Wednesday it will sell most of its consumer finance unit to Fortress Investment Group and take a $1.9 bln pre-tax loss due to the sale. AIG,
Turkey will support petrol sales by Turkish companies to Iran, Energy Minister Taner Yildiz told Reuters on Wednesday, despite U.S. sanctions that aim to squeeze the Islamic Republic's fuel imports. The pledge
The German government said on Wednesday it will scrutinise Google's promise to respect privacy requests by letting people opt out of its "Street View" mapping system and that it would be ready
Seven countries that emerged from old Yugoslavia plan a joint lotto game, the first common project among nations that were embroiled in war in the 1990s, a Bosnian lottery official said on
Global stocks plunged while U.S. government debt yields fell to record lows on Wednesday as disappointing Chinese economic data added to a gloomy outlook voiced on Tuesday by the U.S. Federal Reserve.
The Bank of England left the door open on Wednesday for more monetary easing, cutting its forecast for UK economic growth and predicting that inflation would fall well below its 2% target
The United Nations appealed on Wednesday for $459 mln in emergency aid for Pakistan after floods devastated large areas of the country. The appeal was launched by U.N. humanitarian chief John Holmes
India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said. The
British display screen maker Plastic Logic has scrapped the launch of its long-awaited e-reader QUE, which had been seen as a potential challenger to the hugely popular Kindle from Amazon. The firm
Turkey has delayed implementation of fiscal reforms and may loosen their parameters, its industry minister said, potentially putting at risk medium-term goals for cutting its budget deficit and public debt. Targets for
