GM says sales drop 25 percent, sees slower recovery
Asian auto sales soared in August, boosted by government incentives although U.S. economic uncertainty and slowing growth in China look set to curb demand, while in Europe car sales fell as scrapping bonuses ran out.
Burger King in advanced sale talks: report
Burger King Holdings Inc is in advanced talks to sell itself to investment firm 3G Capital, The New York Times reported on Wednesday, boosting shares 15 percent.
Regulators see bank reforms helping avoid crises
U.S. bank regulators pinned their hopes on Wednesday on new powers to avert another round of bailouts should crisis strike the handful of mega-firms now even larger than those previously considered too big to fail.
China may probe BHP's bid for Potash: report
Michael Wei and Lucy HornbyChina may launch an antimonopoly probe into BHP Billiton's $39 billion bid for Canada's Potash Corp, the China Business News said on Wednesday, citing a source familiar with the matter.
Media stocks beat market ahead of Apple launch
Media stocks gained more than the market in early trading on Wednesday ahead of details of a new online TV product announcement expected from Apple Inc later in the day.
Bank to hold fire as growth cools - Reuters poll
A cooling global economy and an impending austerity squeeze in Britain will make the Bank of England wait well into next year before hiking interest rates, a Reuters poll of 60 economists showed on Wednesday.
Sweden reopens WikiLeaks founder rape investigation
A top Swedish prosecutor said on Wednesday she was reopening an investigation into rape allegations against Julian Assange, the founder of whistleblowing website WikiLeaks.
Japan PM Kan, rival Ozawa clash over fiscal policy
Prime Minister Naoto Kan and rival Ichiro Ozawa clashed over fiscal priorities Wednesday in a battle for party leadership that threatens a policy vacuum as Japan struggles to tackle a strong yen and weak economy.
Stocks soar on economic hopes
Wall Street jumped on Wednesday as an increase in U.S. manufacturing activity and new signs of growth in China and Australia boosted investor confidence in the state of the global economy.
Manufacturing grows but private jobs cut
The U.S. manufacturing sector grew faster than expected in August but private employers unexpectedly cut jobs, showing the economic recovery still faces headwinds.
Commissioner meeting with accused players is delayed
The meeting between the three Pakistan players at the centre of spot-fixing allegations and the country's High Commissioner has been postponed until Thursday, officials said on Wednesday.
U.S. judge approves BofA settlement fund
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch.
Manufacturing sector grows in Aug: ISM
The U.S. manufacturing sector grew more quickly than expected in August, chalking up a 13th straight month of expansion, according to an industry report released on Wednesday.
SMX gold contract to lure global attention
With the launch of the Singapore Mercantile Exchange (SMX), a pan-Asian multi-product commodity and currency derivatives exchange, on Tuesday the focus of bullion traders has shifted from London to Asia.
Judge approves BofA settlement fund
A New York federal judge has approved the creation of a $150 million settlement fund for Bank of America Corp shareholders, as part of a larger settlement with the Securities and Exchange Commission over the bank's 2009 purchase of Merrill Lynch, the regulator said on Wednesday.
Regulators say bank reforms help avoid crises
New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said on Wednesday.
Regulators see Dodd-Frank help on systemic risk
U.S. banking regulators see new powers under the Dodd-Frank financial reform law helping avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers.
Pakistan economy to suffer prolonged flood damage
Floods have ravaged Pakistan's economy, the prime minister said on Wednesday, with massive job losses and soaring inflation expected to hurt a nation whose stability is vital to the U.S. war against militancy.
Obama: Time to turn the page in Iraq
President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and promised recession-weary Americans my central responsibility now is to repair the U.S. economy.
Romer: U.S. must find will for further stimulus
Departing White House economist Christina Romer said on Wednesday the United States needs to find the political will for more action to boost the economy and not let high deficits get in the way of creating jobs.
Adam Sandler's Grown Ups knocks Stallone off top spot
Adam Sandler's new comedy Grown Ups has knocked Sylvester Stallone's latest mercenary action movie off the UK box office top spot after just one week, according to Screen International on Wednesday.
Burger King mulls sale: source
Burger King Holdings Inc has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, lifting its shares 18.5 percent.
Borders posts loss as sales continue to fall
Borders Group Inc reported a quarterly loss as the second-largest U.S. book store chain cut prices and continued to grapple with lower sales amid a shift to electronic books.
Rare Roman lantern found in farmer's field
An intact Roman lantern made of bronze, believed by experts to be the only one of its kind in Britain, has been unearthed in a field by a metal-detecting enthusiast.
Burger King has been considering sale: source
Burger King Holdings Inc has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, lifting its shares 18.5 percent.
Wall St jumps 2 percent on manufacturing data
Wall Street jumped on Wednesday as an increase in U.S. manufacturing activity and new signs of growth in China and Australia boosted investor confidence on the state of the global economy.
Borders posts another loss as sales fall again
Borders Group Inc reported another quarterly loss as the second-largest U.S. book store chain continued to grapple with lower sales and the shift to digital bookselling.
Citi creates global family wealth unit: memo
Citigroup's private banking arm has set up a global unit to target family offices, organizations that manage the financial affairs of rich dynasties, according to an internal memo seen by Reuters.
Instant View: Private sector sheds 10,000 jobs in August
U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday.
Asian factory growth outstrips two-speed Europe
Manufacturing in China, India and Russia powered ahead in August while growth slowed in European factories, emphasising a growing divide in the pace of recovery between the rich and emerging worlds.
