California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.
The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.
Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.
U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m. EST.
Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.
U.S. carmaker General Motors' decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter Mandelson said on Thursday.
Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest Guitar Hero offering.
General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
The U.N. General Assembly passed a resolution on Thursday urging Israel and the Palestinians to investigate war crimes charges leveled in a controversial U.N. report on the Gaza war.
The Australian Dollar opens at US91 cents after yesterday's release of September trade data hinted that official interest rates may need to be increased for third consecutive month in December. The trade deficit was smaller than expected at A$1.849 billion, however imports were up 5 per cent suggesting that domestic demand remains robust. During overnight trade the Aussie moved between a low of 0.9030 and a high of 0.9122 after central banks in Europe and the United Kingdom left their benchmark ...
GM cited improving business conditions and the strategic importance of Opel, its European backbone, which also provides technology the group uses around the world.
Although U.S. President Barack Obama has never set foot there, China cast a long shadow in the Pacific region where he grew up.
(In paragraph 3, corrects to 16GB from 16MB)
LONDON - The Beatles remasters are coming out on a limited-edition apple-shaped USB drive in time for Christmas, marking the first time the Fab Four's catalog has officially been sold as digital files separate from the CDs.
Four former dealers at UBS plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.
Women who smoke while pregnant risk having hyperactive preschoolers who can't pay attention, a large study from the UK hints.
British Prime Minister Margaret Thatcher warned France's ambassador months before German's 1990 reunification of a domineering Chancellor Helmut Kohl who sees himself as the master, diplomatic notes revealed Thursday.
Americans are more likely than people in 10 other countries to have trouble getting medical treatment because of insurance restrictions or cost, an international survey of primary care doctors released on Wednesday found.
The Bank of England said on Thursday it would expand its quantitative easing program by 25 billion pounds to help kick-start Britain's recession-hit economy.
Oil major BP may start construction next year of a cellulosic biofuel plant as part of a push toward commercial production of new types of biofuels from next year, the head of the group's biofuels division said.
Sterling jumped, UK gilts tumbled and British stocks briefly slipped on Thursday after the Bank of England expanded its quantitative easing programme by 25 billion pounds, allaying some concerns about a bigger increase.
