Business

Benjamin Lawsky, New York's financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland's second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland's private banking model has...

The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based...

India's Sun Pharmaceutical Industries Ltd (SUN.NS) said it will buy Ranbaxy Laboratories Ltd (RANB.NS) in a $3.2 billion all-share deal, creating the world's fifth-largest generic drug maker from two firms struggling with quality issues in the lucrative United States...

...Nigeria's economy worth more than $500 billion ...Debt to GDP ratio shinks after rebasing ...Investor interest piqued, but Nigerians shrug ...S.Africa, Nigeria vying to be 'voice' of Africa Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation almost doubled...

Nestle's (NESN.VX) chairman Peter Brabeck expects to retire in 2017, in line with internal company rules preventing board members from standing for re-election once they reach the age of 72, he said in an newspaper interview published on Saturday. "Those...

The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group Inc's chief executive said on Friday. "Flash Boys" hit the...

Two executives of the Pakistani arm of computer giant Hewlett-Packard Co were arrested by local officials in Karachi on Friday on suspicion of corporate tax evasion, the Wall Street Journal reported. The arrested executives were identified as Shahid Ali Khan,...

Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings. Terms of the settlement were not disclosed. Silicon Valley-based...

Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a shareholder...

The U.S. Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong on Friday. Dallas...