Russia's top economic decision makers clashed on Wednesday over whether some taxes should be cut to help business through the first recession in a decade, or whether the budget cannot afford to
Royal Bank of Scotland is in talks with three banks interested in buying its Asian retail and commercial banking assets as it pulls back to core markets, a person familiar with the
Tentative hopes that the world economic crisis was easing took a new hit on Wednesday when Switzerland's largest bank UBS posted a quarterly loss of $1.7 billion and said it would axe
World stocks fell on Wednesday, stepping back from the previous session's three-month high, and the low-yielding yen firmed as news of job cuts at Swiss bank UBS and weak U.S. and Chinese
European shares turned positive in early trade on Wednesday, with a rise in crude oil prices supporting energy stocks, but financials remained under pressure as UBS reported a first-quarter loss. At 0853
Cellphone makers are expected to report buoyant sales of lower-priced, feature-packed smartphones as consumers opt for "cheap chic" amid the global recession. Research in Motion, the second-largest maker of smartphones after Nokia,
Microsoft Corp said it will launch a test version of its Exchange Server on Wednesday, marking the latest development in the technology used by 65 percent of businesses worldwide to run their
EBay Inc plans to spin off its Skype unit, acknowledging that the Web telephone service does not fit with the rest of the company, in an indictment of former CEO Meg Whitman's
The Obama administration is drawing up plans to disclose the financial condition of the 19 biggest banks in the country, the New York Times said, citing senior administration officials. The administration has
Asian stocks pulled back from six-month highs on Wednesday but held up after the drop on Wall Street overnight, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter
