Banker Julius Meinl V, head of an Austrian coffee-roasting dynasty and chairman of Meinl Bank, was arrested late on Wednesday on suspicion of defrauding investors through secretive share buybacks.
World leaders will impose new financial rules on Thursday and triple the war chest of the IMF to fight the worst economic crisis since the 1930s, monetary sources at the G20 summit said.
World leaders are set to declare an end to unfettered capitalism at a G20 summit on Thursday after France and Germany demanded they act fast on promises to prevent a repeat of the worst economic crisis since the 1930s.
US President Barack Obama said that all the participating countries at G20 summit should work together to tackle the global financial crisis and should recognize they had to forget their occasional differences on how to promote economic growth and trade.
Riot police staged baton charges to try to disperse several hundred protesters gathered around the Bank of England in the heart of London's financial center on Wednesday after a day of protest against the G20 summit.
Research In Motion has launched an online store selling entertainment, games, news and travel applications to BlackBerry users.
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
Research in Motion today launched its online applications catalog, dubbed App World in response to competitors like Apple and Google who already offer exclusive applications in the marketplace.
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
Finnish Nokia Oyj, the world's biggest mobile phone maker, said thousands of developers and content providers had registered to sell content in its online store, Ovi, which will be opened in early May.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
U.S. President Barack Obama denied rifts between the world's leading economies on the eve of a crisis summit and urged them on Wednesday to act together to find the fastest route out of global recession.
Research In Motion has launched an online store selling entertainment, games, news, and travel applications to its BlackBerry users.
Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
World stocks kicked off a new quarter Wednesday with strong gains in Japan and losses in Europe after registering their best monthly performance since December 1999.
France threatened on Tuesday to storm out of this week's G20 summit if it did not get the results it wanted, despite Britain's call for countries to unite and restore confidence to a broken world economy.
People in the Iraqi city of Basra fear the U.S. troops taking over from departing British forces, whose relatively light touch contrasts with the U.S. military's fearsome, and sometimes trigger-happy, reputation.
President Barack Obama arrived in Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.
A clawback of British government-held shares in Lloyds Banking Group by private investors due to a share price differential could cut the amount of taxpayers' cash the bank will need, Treasury minister Paul Myners said on Tuesday.
