Banking worries shot back into equity markets on Wednesday after leading European bank UBS said said it saw its earnings at risk for some time, weighing on investors a day after many
UBS said earnings would remain at risk due to its exposure to illiquid and choppy markets, as it revised up its 2008 net loss, the biggest in Swiss corporate history, to include
Bernard Madoff, accused of an "unprecedented" $50 billion financial swindle, was charged on Tuesday with 11 criminal counts that could put him in prison for the rest of his life. Madoff, 70,
Sony Computer Entertainment America will make movies and television programs from NBC Universal available to buy or rent through Sony's PlayStation Network, the companies said on Tuesday. Under the deal, films from
Apple will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touchscreen PC. Taiwan touchscreen specialist Wintek already
The US Treasury sold USD 34 bln of 3-year notes at a yield of 1.489%, the highest since November 2008. The bid/cover ratio was 2.26, down from a 2.67 ratio at the
Amidst the gloom and doom, life does go on. Deals continue to made, some of them large. Look for example at the pharmaceuticals sector. In the last few months there have been
Iran's oil minister suggested OPEC would accept Russia as a member if Moscow wanted to join the 12-member oil producers' group, the semi-official Fars News Agency reported. Gholamhossein Nozari, speaking a few
China's exports tumbled in February as the world's third-largest economy felt the full force of the global financial crisis, but capital spending accelerated with the help of the government's massive stimulus package.
The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said on
