U.S. regulators have told Bank of America Corp and Citigroup Inc that following recent stress testing of the two banks they may need to raise more capital, the Wall Street Journal reported.
A debt trading windfall helped Deutsche Bank trump market forecasts to swing to a first quarter profit of 1.2 billion euro ($1.6 billion), masking the erosion of its key businesses by the
Boutique fund manager Managing Partners Limited (MPL) has set up a series of joint ventures in eastern Europe to market a fund investing in U.S. traded life policies (TLPs), it said on
Qatar is in talks to buy a stake in Germany's Porsche (PSHF_p.DE) and may also invest in other carmakers as the Gulf gas exporter looks to park some of its sovereign wealth
Oil major BP Plc reported a 62 percent fall in first-quarter net profit on Tuesday due to a collapse in oil and gas prices, but heavy cost cutting helped it beat all
Renewed fears about the health of the global economy spooked markets on Tuesday as risks rose that Mexican swine flu may become a pandemic and a newspaper report said U.S. banks may
Network equipment maker Brocade Communications Systems Inc is bolstering its partnership with IBM, in a sign it may be gaining market share from industry leader Cisco Systems Inc. International Business Machines Corp
Hewlett-Packard Co, the world's top PC maker, is launching a new line of inexpensive business laptops with fresh features targeting users at small and medium-size companies. The HP ProBook s-series, which starts
Facebook regularly attracts more than 200 million people to its website, but the company is now looking for ways to permeate the lives of its users without the need to check-in to
Top U.S. and Chinese trade officials discussed the importance of working together to restore global economic growth by boosting trade and avoiding protectionism, the office of the U.S. Trade Representative said. "Particularly
