About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group's (AIG.N) asset management business, the Wall Street Journal reported,
Yahoo Inc is partnering with other online music providers as the Internet giant tries a fresh approach to getting an edge in the evolving digital music business. The new version of Yahoo
Online gaming firm PartyGaming said on Tuesday it had reached an agreement with United States authorities that will protect it from being prosecuted and opens the door to consolidation across the industry.
Asian stocks slid on Tuesday, snapping a five-day rally as concerns about the health of U.S. banks resurfaced, while expectations that Australian rates would not fall much further kept the Australian dollar
The developing economies of East Asia and the Pacific face slowing growth this year but the region will remain the world's fastest-growing because of the impact of China's multi-billion dollar stimulus on
Toxic debts racked up by banks and insurers could spiral to $4 trillion, new forecasts from the International Monetary Fund are set to suggest, British daily The Times reported on its website
Asian stocks slipped on Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S.
Aussie bill and bond futures fell on Tuesday after the central bank said interest rate cuts would be modest going forward after it made a 25-basis-point reduction, which was also short of
European stocks fell on Monday afternoon, surrendering early gains as U.S. stock index futures pointed to a drop on Wall Street after recent lofty gains. Mining shares — among the best performing
HSBC's 12.9 billion pound ($18.9 billion) rights issue received a robust response from investors and leftover shares sold quickly, sending its shares up by more than 5 percent on Monday. Some 96.6
