Fears about the world banking system overwhelmed any lingering support from the U.S. plan to rescue Fannie Mae and Freddie Mac on Tuesday, battering equities and sending the dollar to a record
By Michele Kambas & combined sources A boardroom war between BP Plc and its four Russian partners over their troubled joint venture TNK-BP has left the company without an approved 2008 investment
Soaring food and fuel prices pushed Britain's inflation rate to nearly double the central bank's 2 percent target in June, official data showed on Tuesday, boosting talk of interest rate hikes ahead.
By Huw Jones BRUSSELS, July 15 (Reuters) – Banks in the European Union have only a few months to come up with "credible" plans to allow consumers to switch accounts in their
Fears about the world banking system swept across financial markets on Tuesday, overwhelming any lingering support from the U.S. plan to rescue Fannie Mae and Freddie Mac and battering equities and the
Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday. Bernanke is due
Japan's NEC Electronics Corp said on Tuesday it expects to double sales of its Blu-ray products in the next two years by matching steep price falls hitting its clients, manufacturers of DVD
Palm Inc on Monday introduced a new high-end Treo mobile phone, hoping to challenge the BlackBerry's dominance with business users, but its debut fell in the shadow of the launch of Apple
Microsoft Corp said on Monday its Xbox 360 console will sell better than Sony Corp's rival PlayStation 3 over the lifetime of the machines. Microsoft also displayed a line-up of games to
Apple Inc said on Monday it has sold 1 mln new iPhones in its initial weekend, on par with estimates set by analysts, sending its stock rising more than 2%. The original
