German insurer Allianz
has separated Pacific Investment Management from its other asset management business to prepare it for the next decade, saying it was not a precursor to a sale of any unit.Switzerland's central bank turned the tables on Tuesday on investors who have driven up the franc, sinking it nearly 9 percent to the euro, while European stocks eked out some gains after sharp losses a day earlier.
Motorola’s upcoming smartphone, Droid HD, has currently raised its head alongside the most-awaited Droid Bionic in a tipster report. The report had posted leaked photos of the rumored Motorola Droid HD.
Switzerland's central bank stepped in to stop investors driving up the franc on Tuesday, sending the euro up nearly 9 percent and stifling a tentative European stock recovery from sharp losses a day earlier.
The Swiss National Bank shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 francs to the euro on Tuesday, saying it would enforce it by buying foreign currency in unlimited quantities.
Samsung Celox could prove to be a potential ‘iPhone killer’ and create major problems for the Apple-made smartphone this fall.
European financial markets steadied on Tuesday, with the euro jumping against the Swiss franc, after a sharp sell-off a day earlier due to fears for the euro zone's future and that of its banking sector.
China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation.
The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday.
Asian shares and the euro fell on Tuesday, gold jumped to a fresh record while European stocks appear set to slide further on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
China's economic growth in 2012 may drop below 9 percent for the first time in a decade, a senior Chinese foreign exchange official said on Tuesday, underlining the gloom in Beijing over the deteriorating health of the global economy.
Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion, a newspaper reported on Tuesday.
China's economic growth may ease to below 9 percent in 2012, partly due to a weak global economy, a senior Chinese foreign exchange official said on Tuesday, backing market expectations that the world's No. 2 economy is set for a mild easing.
Australian banks will need to meet new global capital rules ahead of the internationally agreed timetable under proposals made on Tuesday, although the move is unlikely to force any of them to raise any new equity immediately.
About 300,000 Internet users in Iran have been spied on last month by one or several hackers who stole security certificates from a Dutch IT firm, a report presented by the Dutch government said on Monday.
Stock futures tumbled more than 2 percent on Monday in electronic trading, hit hard after European markets slumped on renewed fears the euro zone's sovereign debt crisis is worsening.
Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.
Singapore's Temasek Holdings has hired a senior Bank of America-Merrill Lynch investment banker, part of a reshuffling of the top dealmaking team at the state investor.
The Bank of Japan is expected to refrain from easing monetary policy this week, with the yen's retreat from its record high and a resilient stock market allowing it to save for later its limited options to support the fragile economy.
ECB President Jean-Claude Trichet said on Monday he was convinced the Greek government would take the decisions required to keep its EU-IMF bailout on track, but it had very little time to do so.
The Italian parliament begins debating a much criticized austerity package on Tuesday after President Giorgio Napolitano issued a stark warning that urgent action was needed to restore trust in public finances.
Italian President Giorgio Napolitano urged swift action to strengthen planned austerity measures on Monday, saying a severe market selloff was a clear warning that markets had lost confidence in Italy.
Everyone often wonders the question come September; Why can't I wear white after Labor Day? But nowadays, the no white after Labor Day rule seems to be a figment of fashion's past. So how should you wear white past Labor Day? Here's 5 rules to follow to wear post-Labor Day white.
Vermont residents, already max-out with clean-up and repair work in dozens of villages/towns from Hurricane Irene/Tropical Storm Irene, unfortunately are about to be hit with up to another 4 inches of rain in the next two days on already swollen rivers/streams and saturated ground.
Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said.
Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank Chief Executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances.
U.S. Sen. Bernie Sanders, I-Vt., is madder than you-know-what about high oil and gasoline prices, and he's not going to take it anymore. He's introduced a bill, the End Excessive Oil Speculation Now Act of 2011, that would impose strict limits on the amount of oil speculators can trade in the commodity and futures markets.
LONDON - European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector.
Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees.
A British perspective on the gold markets of the 1970s and today
