The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to
The financial cost of tackling the oil spill in the Gulf of Mexico, the worst in U.S. history, now stands at $990 million, BP (BP.L) said on Tuesday as it prepared for
Stock index futures pointed to a sharply lower open on Wall Street on Tuesday following a long holiday weekend, as mounting doubts over the pace of the global economic recovery hit stocks
Apple Inc said it sold 2 million iPads since launching the touch-screen tablet in the United States nearly two months ago and taking it to nine international markets this past weekend. The
Web search group Google Inc is phasing out internal use of rival Microsoft Corp's Windows operating system because of security concerns following a Chinese hacking incident, the Financial Times reported on Tuesday.
Manufacturing in the euro zone expanded in May, but at a far slower rate than April's 46-month high as cost pressures and tighter margins drove firms to take their feet off the
The cost of protecting government debt against default in France as well as other peripheral euro zone countries rose on Tuesday as investors remained anxious about sovereign ratings. Five-year credit default swaps
International credit ratings agencies sometimes send signals to investors too late, European Central Bank board member Christian Noyer said on Tuesday, days after Fitch downgraded Spain as its government struggles to avoid
Israeli police jailed or deported on Tuesday hundreds of international activists arrested aboard Turkish-backed aid ships bound for Gaza in a naval operation that left nine people dead and sparked world outcry.
Oil held above $74 on Tuesday after Chinese factory data signaled sustained growth at the world's second-largest user, outweighing concerns about a potential slowdown in European economy. Although China's factories scaled back
