Shares in Swiss banking giant UBS AG rose 3 percent on Thursday after it agreed to pay $780 million and identify certain American clients to settle criminal fraud charges in the United
Asian shares edged higher on Thursday as recent selling pressure eased and safe-haven buying of the dollar and gold subsided, but reminders of the global economic gloom and financial sector woes kept
Moody's Investors Service said that Bahrain-based Investcorp's half year 2009 losses of US$ 511.0 mln are in line with expectations and that the Baa3/Prime-3 deposit ratings remain on review for possible downgrade.
The outlook for European building materials companies is negative, reflecting the industry's ongoing challenges of weakening demand, pricing pressure and tight credit set against the backdrop of a global economic downturn, Moody's
British factory orders fell more than expected this month and at their sharpest rate since 1992, and firms expect to cut output at the fastest pace in nearly 30 years, a survey
World share prices struggled to make headway on Wednesday as worries over a deepening recession undermined confidence, pulling investors toward less risky assets including government debt and gold. In currencies, the euro
General Motors Corp and Chrysler LLC requested nearly $22 billion in additional U.S. government loans and said they had reached tentative deals with the United Auto Workers union to reduce labor costs.
McDonald's Corp, the world's largest fast-food chain, is optimistic about business prospects in China and plans to open about 500 stores in the country in three years, a senior executive said on
Anthony Dod Mantle remembers racing through the slums of Mumbai, desperately trying to keep up with the 7-year-olds who ran ahead of him. There they were, "armed with life's energy and a
Key mobile phone industry players have agreed to fit phones with the same power socket by 2012, industry group GSMA said on Tuesday. It said handsets would have a micro USB interface,
