Asian shares rose as risk appetite recovered after European equities and the euro firmed overnight, and investors looked to coming U.S. and Chinese data for fresh clues on direction. Key currencies stayed
An overwhelming majority of Greek Socialist lawmakers have agreed to vote in favour of contested austerity reforms, party officials told Reuters on Tuesday, sharply increasing the odds of securing parliamentary approval for
The U.S. stock market was closed for a second straight day on Tuesday as cash equity trading was canceled in the wake of Hurricane Sandy. Tuesday's shutdown was the first time weather
Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit in 2014 is a third lower than it
Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship
French Finance Minister Pierre Moscovici urged the euro zone on Tuesday to take a first step to mutualise its short-term debt, stopping short of jointly-issued "Eurobonds" which he recognised German Chancellor Angela
UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to
The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest
Apple CEO Tim Cook on Monday pushed out the powerful head of the company's mobile software products group, sources said, in a major management shake-up that also claimed the recently hired chief
Greek banks will have to issue shares to meet more than half of a 9% capital adequacy requirement to be set as part of their recapitalisation, sources said, in a move that
