Asian shares rose on Tuesday and so-called safe haven assets such as bonds fell after the U.S. government rescued banking giant Citigroup to prevent further damage to the ailing global financial system.
Swiss bank UBS is not in urgent need of fresh capital, but may be if it does not make stable profits soon, analysts said as a bail-out of Citigroup showed the financial
Oil rose by almost a dollar a barrel on Monday as investors considered the prospect of a further OPEC supply cut and as stock markets rallied following the U.S. government rescue of
The fundamental credit outlook for the Irish banking system is negative, reflecting the increased potential for a further weakening in asset quality, loan volumes and profitability in a domestic economy that is
The financial sector of the United Arab Emirates cannot remain immune to the global financial crisis, and Moody's Investors Service will continue to monitor the liquidity profile of UAE banks, according to
Emerging markets bank Standard Chartered plans to raise 1.8 billion pounds ($2.7 billion) from a rights issue to boost its capital base and give it flexibility to pursue acquisitions, it said on
The U.S. government agreed to inject $20 billion of new capital into one of the world's biggest banks, Citigroup Inc, to avoid a collapse that could have wrought financial havoc around the
The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets and inject $20 billion of new capital, in its
Hundreds of people lined up at some Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
Internet search giant Google Inc is known for hosting the most extravagant holiday parties in Silicon Valley, often drawing crowds of over 10,000 and prompting some employees to post ads for party
