American International Group is on its way to repaying government bailout money, its chief executive said on Wednesday, but a Treasury official warned taxpayers could still face losses.
Gold has exploded recently, making new highs against every major currency in the world.
Germany's Economics Minister warned on Tuesday a decision over state aid for Opel, affecting thousands of jobs, could take until early June
Treasury Secretary Timothy Geithner said that financial markets wanted to see how a $1 trillion EU/IMF plan to provide back-up financing for euro zone governments put into action.
British state broadcaster the BBC launched a new version of its popular iPlayer Web video service with prominent links to rivals' sites, as it waits to see if the new coalition government will limit its funding or powers.
Global miner Rio Tinto on Wednesday predicted strong iron ore demand to continue and gave an upbeat outlook for aluminum, defying sharp slides in commodity prices and fears of a double-dip global recession.
A few months ago most analysts were skeptical about $1500 an ounce for gold by end of 2010, however, the recent rally in gold coupled with economic uncertainties have forced those who earlier disputed the bullish forecasts to jump on the bandwagon, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital and Managing Director of American Precious Metals Advisors
Threats to sensitive computer networks lurk everywhere and with a few mouse clicks, organized criminals and hackers could shut down vital networks that run the U.S. government, industry and military.
Britain's General Medical Council has struck Dr Andrew Wakefield from the medical register and found him guilty of serious professional misconduct after he published a research suggesting a link between a common vaccine and autism.
Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.
Volatility continued yesterday with the Aussie opening at 0.8320, then hitting an intraday low of 0.8184 before bouncing back to 0.8300 – and this was just the first few hours.
Dell Inc said its Streak tablet computer can double as a mobile phone and will have a front-facing camera for videoconferencing -- features it hopes will help the new gadget compete against Apple Inc's iPad.
Non-Native English speakers have every right to find the verbal section of the GMAT daunting. While native English speakers certainly do have a natural edge, it is very possible for GMAT test-takers whose first language isn't English to overcome any disadvantages. Learn how.
Sovereign debt crisis in Europe, a much weaker-than-expected Euro and slightly higher-than-expected non-OPEC supply has forced Bank of America-Merrill Lynch (BofAML) to revises its WTI and Brent crude oil forecasts for second half of 2010 from $92/barrel to $78 per barrel. Yet despite the much reduced likelihood of a robust upswing in global economic activity, BofAML remain cautiously optimistic that the breadth of the recovery outside Southern Europe will prevent a double-dip scenario. Hence it...
Most of Prudential's investors are comfortable with its bid for AIG's Asian life unit AIA, its chairman said, moving to dispel fears shareholders may baulk at the $35.5 billion cost of the deal.
Marks & Spencer, Britain's No.1 clothing retailer, said it was cautious about the outlook for consumers ahead of expected tax rises, as it posted a smaller rise in annual profit than most of its major rivals.
Good morning dear traders,I hope you relaxed during the weekend and are fit for the new trading week. I had some goods trades on Friday - however I´m not a Friday trader.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 2.2 to 2.5 percent at 0915 GMT (5:15 a.m. ET) on Tuesday, pointing to a steep decline on Wall Street.
Marks & Spencer, Britain's biggest clothing retailer, said it was cautious about the outlook for consumers ahead of expected tax rises as it met forecasts with a 4.6 percent rise in annual profit.
Prudential Plc shares fell on their Asia debut on Tuesday, hit by a global sell-off and concerns over shareholder support for the British insurer's planned purchase of AIA, the industry's biggest acquisition.
Shareholders have sued the board of BP Plc for failing to monitor safety and exposing the company to potentially enormous liability related to the Deepwater spill disaster in the Gulf of Mexico, according to court documents.
Volatility continued yesterday with the Aussie opening at 0.8320, then hitting an intraday low of 0.8184 before bouncing back to 0.8300 – and this was just the first few hours.