Business

Signs of a deal to avert an economically damaging U.S. debt default boosted world equity markets and the dollar on Tuesday, though firm short-term interest rates highlighted concerns that the problem may just be postponed. Hopes rose after U.S. Senate...

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...

SAN FRANCISCO, October 13, (THEWILL) – Customers of United Bank for Africa (UBA) Plc, the Pan African Banking group, now have the privilege  of opening and operating a savings account that gives them many of the privileges usually reserved...

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...

China's export growth fizzled in September to post a surprise fall as sales to Southeast Asia tumbled, data showed, a disappointing break to a recent run of indicators that had signaled its economy gaining strength. China's exports dropped 0.3 percent...

German luxury car maker BMW (BMWG.DE) said on Saturday its China sales rose more than 20 percent in the first nine months of this year, paving the way for another year of record sales in the world's biggest automobile...