World shares rise before Fed; jitters persist

World share prices firmed on Wednesday, while European government debt fell as rising financial stocks and forecast-beating U.S. housing data prompted more optimism among investors after the last week's rally. But the

Geithner says AIG must pay back bonuses

U.S. Treasury Secretary Timothy Geithner on Tuesday said taxpayer bailout recipient AIG would be forced to pay the government to compensate taxpayers for $165 million in employee bonuses as a condition for

Air Berlin, TUIfly in cross-holding deal

Air Berlin is in advanced talks for a cross-shareholding with TUI Travel's TUIfly, Air Berlin said on Tuesday, hailing the end of a lengthy struggle to consolidate the German airline industry. Under

Stocks ease as optimism tempered

World stocks eased on Tuesday as a five-day winning streak ran out of steam with investors tempering early optimism, but moves by the Bank of Japan to shore up its banking system

Asia stocks at 1-mth high as bank hopes grow

Asian stocks jumped to a one-month high on Tuesday, with banks extending gains on hopes the struggling global financial system is stabilising, despite reports showing the U.S. economy is deteriorating further. Major