Morgan Stanley (MS.N) Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on
Minister of Foreign Affairs Markos Kyprianou noted on Friday that ''Cyprus is one of the few genuine supporters of Turkey's European prospects,'' adding however that it is ''one of the strictest supporters
U.S. crude oil slipped below $72 a barrel on Friday, snapping a three-day winning streak as investors questioned whether the pace of demand recovery justified current prices. U.S. crude for October delivery
Gains in miners and banks, spurred by increasing optimism about a global economic recovery, helped push Britain's top share index up 0.8 percent, beyond the 5,000 mark by midday on Friday. By
By Emma Thomasson Swiss politics, usually reassuringly boring for the investors who stash their savings with the country's secretive banks, have become unusually heated, just as stability becomes an ever more prized
It makes sense for China to diversify its huge stockpile of foreign exchange reserves, the U.S. Treasury's economic and financial emissary to China said on Friday. China's forex reserves, the world's biggest
British producer input prices rose at their fastest monthly rate in more than a year in August , driven by oil costs and pushing factory gate inflation slightly higher on the month.
Twitter, the fast-growing microblogging site now seeking ways to make money, expanded its terms for users on Thursday to allow advertisers to reach the Internet site's more than 45 million monthly visitors.
Google is disappointed with the lack of breakthrough investment ideas in the green technology sector but the company is working to develop its own new mirror technology that could reduce the cost
European equities advanced for a sixth straight session to hit a fresh 11-month high on Friday, with financial shares extending recent gains and miners rising on global economic recovery hopes. At 0819
