Three American scientists won the 2013 economics Nobel prize on Monday for research that has improved the forecasting of asset prices in the long term and helped the emergence of index funds in stock markets, the award-giving body said.
"There...
The Yemen-based branch of al Qaeda said on Monday that its attack on a Yemeni army base last month targeted an operations room used by the United States to direct drone strikes against militants, and threatened more such assaults.
Dozens...
Secretary of State John Kerry called on Monday for a peace conference on Syria "very soon" but said peace would not be possible without a transition government to replace President Bashar al-Assad.
"We believe it is urgent to set a...
Foreign Minister and chief negotiator Mohammad Javad Zarif voiced hope Iran and world powers can agree at talks this week on a roadmap towards defusing the stand-off over Tehran's nuclear activity, but warned the process would be complex.
The negotiations...
Slow progress in talks to avert a U.S. debt default kept world shares and oil under pressure on Monday, while the yen rose as some investors shifted into safer assets.
The cautious mood was reflected in the market's neutral reaction...
China's annual consumer inflation rate rose to a seven-month high of 3.1 percent in September as poor weather drove up food prices, limiting the scope for the central bank to maneuver to support the economy even as exports showed...
In spring 2009, senior Credit Suisse executive Gaël de Boissard told colleagues at a strategy meeting that as the bank reshaped its bond trading business, they needed to remember the five stages of grief outlined decades ago by psychiatrist...
India's headline inflation unexpectedly hit a seven-month high in September, mainly driven by higher food prices, increasing the odds for yet another interest rate hike by the central bank at its policy review later this month.
The wholesale price index...
Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with journalist Charlie...
Three of the world's most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be "utterly catastrophic."
"This would be a very rapidly spreading, fatal...
