British business software company Sage Group Plc is the frontrunner to buy Australian peer MYOB Ltd, three sources familiar with the matter told Reuters on Wednesday, with one source saying the company has bid up to A$1.4 billion ($1.5 billion).
Venezuela received an enviable honor last month: OPEC said it is sitting on the biggest reserves of crude oil in the world -- even more than Saudi Arabia.
Stock index futures rose on Wednesday as investors focused on strong earnings reports and as commodities and the euro gained, indicating more willingness to add to risky assets.
South Africa's government will lay criminal charges against Kumba Iron Ore over its application for a mining right over the company's Sishen mine it did not yet own, a lawyer for the minerals department said Wednesday.
From an empty auto-parts plant in the heart of Rust Belt America, General Motors Co is out to show the world that the automaker once dismissed as an industrial dinosaur has gained some Silicon Valley cool just two years after its taxpayer-funded bankruptcy.
Venezuelan President Hugo Chavez may transfer billions of international reserves from Europe and the United States into banks in nations like China, Russia and Brazil, an opposition lawmaker said on Tuesday.
Peru's mining firms have agreed to pay higher royalties in an overhaul of the current system, sources on both sides of negotiations between companies and leftist President Ollanta Humala's government said on Tuesday.
Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.
Stock index futures rose on Wednesday alongside oil prices and the euro, indicating a shift to risky assets ahead of U.S. inflation data.
Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.
BJ's Wholesale Club Inc posted a much better-than-expected quarterly profit on Wednesday, helped by improved margins, gasoline sales and cost-cutting.
Chinese search engine Baidu Inc may face tighter regulations after facing a barrage of criticism from state media over its business practices at a time when it is cementing its dominance of the booming Internet market.
The Swiss National Bank stepped up its efforts to tame a runaway franc on Wednesday but stopped short of direct intervention, disappointing markets that had positioned for more radical measures and sending the currency sharply higher.
China pushed for greater international use of the yuan on Wednesday by promising to let foreign investors buy mainland shares and bonds, pushing up shares of brokerage stocks listed in Hong Kong.
Spain and Italy, under the market microscope over debt servicing costs, welcomed Franco-German proposals for a more integrated euro zone on Wednesday and said they hoped the plans would usher in region-wide bonds.
Stock futures pointed to a lower open for Wall Street on Wednesday, with investors feeling that Tuesday's meeting between French and German leaders failed to make significant progress on the euro zone sovereign debt crisis.
The Swiss National Bank made fresh efforts on Wednesday to tame a runaway franc but again steered clear of direct intervention, disappointing markets that had positioned for more radical measures and sending the currency sharply higher.
World stocks and the euro slipped on Wednesday as investors grew concerned that French and German plans for closer fiscal integration may be insufficient to stop the regional debt crisis from spreading further.
The Swiss franc jumped Wednesday after the Swiss National Bank announced fresh measures to drive down money market rates to stem the franc's strength, but refrained from direct intervention or pegging the currency as some had speculated.
Germany's opposition Social Democrats on Wednesday criticized the Franco-German summit for rejecting common euro zone bonds and for failing to offer an adequate solution to the debt crisis.
The Swiss National Bank said on Wednesday it would expand existing measures to counter the runaway Swiss franc by expanding bank sight deposits and that it would take further measures against the currency's strength if necessary.
Switzerland's government will unveil a 1.5 billion Swiss franc ($1.9 billion) package to help the country deal with the strong currency when it meets later on Wednesday, a Swiss newspaper reported.
Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.
Chinese online video company Tudou Holdings Ltd priced shares in its initial public offering within the expected range on Tuesday, even though investor sentiment toward U.S.-listed Chinese stocks and a market rout had suggested it would be difficult.
A black-market baby-selling operation that preyed on wealthy women has been broken up by the FBI, assisted by key evidence provided by socialite Taylor Stein, who had been deceived by the ring when she bought her son.
France and Germany unveiled far-reaching plans on Tuesday for closer euro zone integration and said joint euro bonds may be a longer-term option, leaving the currency area vulnerable to more attacks from traders.
A big business group on Tuesday urged lawmakers on a deficit-cutting panel to revamp the U.S. tax code and health and retirement programs as they go about their task of finding $1.2 trillion in savings.
A big business group on Tuesday urged lawmakers on a deficit-cutting panel to revamp the U.S. tax code and health and retirement programs as they go about their task of finding $1.2 trillion in savings.
U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.
In preparation for a new triple-x Internet domain that will launch in December, lawyers for the most storied brands in the United States are scrambling to prevent an x-rated rip-off of an invaluable asset: corporate Web addresses.
