IBT Staff Reporter

Europe's private bank clients are raising exposure to alternative assets like hedge funds, determined to grow their wealth by spreading risks

AOL on Wednesday plans to launch a new version of its software that lets users access their e mail, instant messaging, search and media on the same screen.

House prices rose a robust one percent last month, Halifax data shows, suggesting the property market has remained resilient in the wake of August's interest rate rise.

The FTSE edged up on Wednesday, led by sugar and sweetener maker Tate & Lyle and banking consolidation talk, but miners and oils limited gains as some commodity prices fell.

Shares in Vodafone Group Plc raced to a four month high on Wednesday after encouraging news on the mobile phone giant's Spanish and Italian operations.

The New York Stock Exchange (NYSE) is focussed on increasing its Asian presence and discussing a range of topics with the Tokyo Stock Exchange (TSE)

Dennis Kozlowski and Mark Swartz, former top executives at Tyco International Ltd. who were convicted in June 2005 of stealing more than $150 million from the company, asked a state court to reverse their convictions.

Unusual options activity pegged to the shares of Harrah's Entertainment Inc. ahead of the announcement of a buyout offer for the gambling operator is raising eyebrows among some market options players.

Flat-screen maker LG.Philips LCD. Co. Ltd. is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels.

PartyGaming Plc dismissed a newspaper report on Wednesday that it must negotiate a new loan facility with its banks within 30 days of President Bush approving a bill to crack down on Internet gambling.

Operations of global software companies, financial institutions and government offices in India's main technology hub shut on Wednesday after activists called a strike over a border dispute with a neighboring state.

BP today announced its trading update for the third quarter ending 30th September 2006.

Dow Jones industrial average created a new closing high Tuesday for the first time in nearly seven years, mainly driven by its components shares ......

The British power plant unit stake is a bigger buy than the Japanese firm's original plan.

U.S-based ReCellular Inc will esbalish its regional office in HK considering HK's strategic location and ......

The bargain amount of warrants in past nine months this year has reached to HK$1,191.3 billion, surging 94.7% than that in same period last year......

Sprint Nextel Corp., the No. 3 U.S. wireless provider, on Tuesday said it would begin selling three slim phones from Motorola Inc. in early November......

OPEC President Nigeria called on its fellow OPEC countries to make deeper output cuts on Tuesday as prices tumbled to an 8-month low......

The Bank of Overseas Chinese (BOOC) denied the rumor that HSBC and Standard Chartered Bank launched a bid for it and stressed it didn't touch with two lenders.

Zijin Mining Group Co Ltd, a Chinese leading gold and base metal producer, announced it will buy the new shares and warrants of England and Wales's resource company......

SUNDAY Communications Limited, an innovative developer and provider of wireless communications and data services in Hong Kong, issued an announcement that its largest shareholder PCCW ......

Singapore Exchange Limited (SGX), Asia-Pacific's first demutualised and integrated securities and derivatives exchange, will introduce the first China shares index

India's Prime Minister said South Africa and India have the resources and means to further develop their relationship to reach $12 billion in trade by 2010.

Verizon is expected to hold talks with state regulatory officials on Wednesday regarding the company's plans to bring the company's new fiber-optic television service, FiOS TV, to Rhode Island.

Kia Motors Corp. said on Tuesday that its overseas retail sales of passenger cars and light trucks in September represented a 6.5 percent year-on-year decrease. In the United States, Kia sales rose 2 percent to 23,877 vehicles.

American Airlines, a unit of AMR Corp., said on Tuesday that its September traffic fell 1.4 percent from 10.74 billion revenue passengers miles last September, to 10.6 billion revenue passengers miles. Each revenue mile is one paying passenger flown one mile.

Global steel companies have been asked to keep a steady eye on prices to ensure they do not get affected by Chinese overproduction levels.

Boeing said on Tuesday that the largest private airline company in the Czech Republic, Travel Service, has ordered two next-generation 737-900ERs for $150 million.

iRobot Corp announced on Tuesday it has received $6.9 million in new orders from the Naval Sea Systems Command (NAVSEA) as well as the Naval Air Systems Command (NAVAIR).