The United Arab Emirates, the second-largest Arab economy, has withdrawn from Gulf Arab plans for monetary union, possibly paralysing project a project that has faced hurdles for almost a decade. The UAE
Britain's FTSE 100 index slipped 0.2 percent by midday on Wednesday as weakness in banks outweighed gains in energy stocks buoyed by the firmer crude price. By 1048 GMT the FTSE 100
Strength in energy and mining stocks, buoyed by firm commodity prices, outweighed falls in banks early on Wednesday, as Britain's FTSE 100 index gained 0.3 percent. By 0803 GMT the FTSE 100
World stocks rose for the fourth session in a row on Wednesday, despite overnight losses on Wall Street, lifting demand for higher-yielding currencies. European shares climbed to stand nearly 6 percent higher
Japan's Nikkei average rose for a second straight day, climbing 0.6 percent on Wednesday as trading firms surged after a brokerage lifted its rating on the sector, although a firmer yen weighed
A high-level panel of experts that has been helping to shape President Barack Obama's response to the economic crisis will step into the public view on Wednesday at a meeting to discuss
Japanese electronics group Toshiba Corp plans to end production of mobile phones in Japan around October to cut costs as demand slumps, the Nikkei business daily said on Wednesday. Toshiba, Japan's No.
AT&T Inc is considering offering cheaper data service plans with limited Web surfing for advanced cellphones including Apple Inc's iPhone. Ralph de la Vega, the head of AT&T Mobility, told the Reuters
Sprint Nextel Corp said it will sell Palm Inc's long-awaited Pre smartphone starting on June 6 for $199.99 with a two-year service agreement, in line with Apple Inc's iPhone price. Palm shares
Microsoft Corp is likely to show a new version of its Internet search engine publicly for the first time next week, the Wall Street Journal said, citing people familiar with the matter.
