Emerging market and Japanese shares fell sharply on Tuesday after an overnight sell off on Wall Street, but the retreat failed to boost the battered dollar. European stocks made modest gains at the open, bucking the overall trend. Investors are becoming jittery about both the extent of this year's global equity rally — stocks have

BP Plc beat third-quarter earnings forecasts by a big margin as its cost-cutting programme proved more successful than expected, prompting the British oil major to increase its target for savings for the year. Dealers said they expected the London-based company's shares to open 3 percent higher on the earnings. BP said third-quarter replacement cost net

European shares rose in early trade on Tuesday, with energy stocks taking the lead after oil heavyweight BP's third-quarter results beat forecasts. By 0812 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 1,000.47 points. "BP was better than expected, which is the reason why the market is up," said

Anonymous trading venues known as "dark pools" are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission. Last week, the SEC voted unanimously for ways to make the dark pools more transparent, such as

UBS has appointed Merrill Lynch veteran Robert McCann to head its Americas wealth management unit in a bid to rebuild the franchise which has been battered by a damaging tax row. The widely expected appointment of the 51-year-old, who held several executive positions in a 26-year career with Merrill Lynch, should help the unit to

Google Inc has introduced a new feature that will allow consumers to use its Google Voice service without switching to a special phone number, potentially broadening the appeal of the nascent, and controversial, service. Google said late Monday that new users of its service will be able to have the calls that they don't answer

The United States welcomes the rise in the yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said on Tuesday. "We think more progress needs to be made in that area," Locke told a news conference in Guangzhou, the capital of southern Guangdong province, which accounts

South Korea's economy grew at its fastest rate in 7-½ years in the third quarter, joining China and Singapore that have also reported faster growth in Asia in the September quarter. In the Asia-Pacific region, Japan, Singapore, Hong Kong, Thailand, Taiwan and New Zealand all pulled out of recession in the second quarter, although the