Greece's government will cut pensions, extend a property tax hike and put tens of thousands of public workers on notice as part of a deal to continue receiving aid funding from its international lenders, government officials said on Wednesday.
Fallout from the euro zone debt crisis and U.S. fiscal problems mean developed economies are more likely to contract than recover in coming months, economist Nouriel Roubini said on Wednesday.
Gold fell on Wednesday as investors booked profits on the metal's rally earlier in the day ahead of the outcome of a Federal Reserve policy meeting that many hope will confirm the central bank's strategy to kick-start U.S. growth.
Kyrgyzstan launched its second foreign-run gold mine on Wednesday after the Chinese owners settled a dispute with local residents, raising hopes that bigger projects could follow in the Central Asian state.
Google Inc is confident that U.S. antitrust regulators will clear the search giant of any wrongdoing, Executive Chairman Eric Schmidt will tell a congressional panel on Wednesday.
The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering economic recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
Stocks drifted lower on Wednesday as investors were reluctant to place bets ahead of a U.S. Federal Reserve announcement that is expected to present some action to speed up a lagging recovery.
Wall Street was set to open little changed on Wednesday as investors cautiously awaited the outcome from the Federal Reserve's policy-setting meeting that is likely to include new measures to boost the economy.
UBS chief executive Oswald Gruebel said he had the support of the Swiss bank's board ahead of its first meeting since announcing rogue trading had cost it $2.3 billion, news that promoted calls for tougher regulation of investment banks.
In a speech to the U.N. General Assembly, President Barack Obama said the Palestinian people deserve a state of their own, but this goal can only be achieved via direct talks with Israel.
Stocks were little changed on Wednesday as cautious investors awaited the Federal Reserve's statement on monetary policy that is expected to include measures to support the economy.
Netflix Inc and Discovery Communications Inc have reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, according to people close to the deal.
Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the National Association of Realtors said.
Greece was set to outline more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.
Multiple Republican-led states have passed new election laws that severely hamper certain groups' ability to vote, a move that many Democrats see as a move to weaken their base ahead of the 2012 presidential election.
Apple will hold a media event on Oct. 4 when the company will unveil its new, much-anticipated iPhone 5, according to reports. The release, likely adding Sprint as a sales partner, could deliver a crushing blow to the sinking and manufacturer Research in Motion (RIM).
Silver broke from the other precious metals Wednesday, posting gains amid a general downdraft that pulled down the euro and European stocks.
The outlook for the British economy is weakening so quickly that the Bank of England on Wednesday signaled it was ready to pump in more money, potentially as soon as October.
Many if not most Americans probably concluded that after barely avoiding a spring U.S. Government shutdown, Democrats and Republicans would end their feud. Not quite: a partisan spat on Hurricane Irene could result in a government shutdown on Oct.1 , if an agreement is not reached.
Facebook’s management may view an IPO as a kind of “distraction” for its employees while the company is busy ramping up several new product lines and other projects.
Wall Street was set to open little changed on Wednesday as investors cautiously awaited the outcome from the Federal Reserve's policy-setting meeting that is likely to include new measures to boost the economy.
The tax code may be headed for some major renovation, and Senator Ron Wyden, a rangy Oregon Democrat, has come up with one of Congress' most complete blueprints.
Several hundred South African former miners have launched court proceedings against Anglo American Plc in London, the latest in a wave of lawsuits and compensation claims over lung disease that could cost the gold industry billions.
Freeport-McMoRan Copper & Gold Inc said the strike at its vast Grasberg mine in Indonesia has hurt production and it is unlikely to meet third-quarter gold and copper sales estimates
Stock index futures fell on Wednesday as investors waited to see if the Federal Reserve launches a fresh effort to boost the sluggish economy.
Gold and silver prices slipped modestly and the U.S. dollar edged higher Wednesday as the financial world awaited results of a two-day meeting by leaders of the U.S. central bank that was expected to result in fresh efforts to stimulate business.
Stock index futures were little changed on Wednesday as investors waited to see if the Federal Reserve launches a fresh effort to boost the sluggish economy.
Gold held steady above $1,800 an ounce on Wednesday ahead of the outcome of a Federal Reserve policy meeting at which the U.S. central bank is expected to unveil its next steps to revive the world's largest economy.
All that glitters is not just gold, with prices for silver also expected to strongly rise within the year due to a worsening economic landscape.
Gold Fields, the world's fourth largest gold miner, said on Wednesday it had made a non-refundable down payment of $66 million for an option to acquire a 60 percent interest in an undeveloped gold-copper deposit in the Philippines.
