Australian bourse operator ASX says it continues to believe in the business logic of a proposed $7.6 bln takeover by Singapore rival SGX and also sees a need to take part in
Portuguese Prime Minister Jose Socrates resigned on Wednesday and warned of grave consequences for the country after parliament rejected his government's latest austerity measures aimed at avoiding a bailout. The move threw
Oil seesawed on Wednesday, reversing earlier losses, as unrest flared in the Middle East and North Africa, a vital part of global energy supply. Expectations that weekly data due out later in
Britain's top share index was flat after the UK budget held few surprises on Wednesday, with strength from miners offsetting falls from supermarkets as Sainsbury missed sales forecasts. By 1332 GMT, the
Britain cut its economic growth forecast on Wednesday and said inflation would remain above target this year and next in a budget that stuck to ambitious deficit-busting goals. Seeking to support a
The United States has named 14 companies owned by Libya's state oil firm as subject to sanctions including prominent east Libyan operator Agoco, aiming to cut off a key source of funds
Britain's budget on Wednesday is likely to show the government's ambitious deficit-busting goals are still within reach, but an uncertain recovery and stubborn inflation could yet disrupt its austerity plans. Finance minister
J Sainsbury, Britain's third-biggest supermarket group, missed fourth-quarter sales forecasts, adding to signs of a slowdown in consumer spending growth as inflation climbs and government spending cuts bite. Sainsbury, which trails industry
Portugal's parliament is expected to reject the government's latest austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit. Prime
The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen ($185-308 billion), making it the world's
