Business

Global shipments of personal computers (PCs) are expected to see their "most severe yearly contraction on record" in 2013, according to research firm International Data Corporation (IDC). The firm said sales of PCs would fall by 10.1% this year, worse...

India's current account deficit, a key area of concern, narrowed sharply in the second quarter after a series of measures helped curb gold imports. The deficit fell to $5.2bn during the July-to-September quarter, down from $21bn during the same period...

Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat U.S. economic data confirmed the Federal Reserve's inexorable tilt towards reducing its stimulus soon, while the yen sank on talk of further...

Bank of America Corp will pay $404 million to Freddie Mac to resolve all repurchase liabilities on home loans sold to the government-controlled mortgage company from 2000 to 2009, the bank said on Monday. The settlement covers about 716,000 loans...

Crisis is the natural state of world trade negotiations. But this week will be different. Ministers meeting in the Indonesian resort of Bali from Tuesday until Friday will decide the fate of the World Trade Organization, with two possible outcomes:...

The U.S. Supreme Court on Monday declined to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence. In a case brought by Amazon...

Asia's manufacturing-sector expansion held around multi-month highs in November, factory surveys showed, with China maintaining its momentum but growth in other key exporters such as Japan, South Korea and Taiwan picking up speed. Activity in India expanded after three months...

Asian shares and the dollar trod water on Monday, as investors cautiously awaited key U.S. data this week after a decent reading on China manufacturing calmed worries about the health of the world's second-biggest economy. The tepid performance in the...

U.S. stock index futures edged higher on Friday, with investors reluctant to make big bets in an abbreviated session, though major indexes remained on track for their third straight month of strong gains. Trading will likely be anemic, as it...

A pick-up in inflation this month eases pressure on the European Central Bank to act next week, and the first fall in unemployment in almost three years shows a tentative euro zone recovery is gaining traction. The double dose of...