Nish Amarnath

Goldman Sachs (NYSE: GS) booked a 11 percent drop in its second-quarter earnings as revenue from investment banking and lending businesses declined, the New York investment bank said Tuesday.

JPMorgan receives another blow even as it flounders in the midst of a FERC power market manipulation probe and talks with U.S. regulators for its alleged involvement in rigging key benchmark interest rates.

Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.

Bad news from India isn't easing off just yet. Inflation hovers above 7 percent and economic growth remains tepid after plunging to a nine-year low of 5.3 percent in the first quarter, year-on-year.

Luxury homeowners are panicking at the prospect of paying millions of dollars more in capital gains taxes from next year. Their soaring desperation could eventually cripple housing prices.

A declining currency value could be a boon for Europe and a final solution to the ongoing crisis, economists say.

The euro zone will not disintegrate. Instead, there is a fifty-fifty chance of a split between the financially sound countries and economically weaker ones, the Economic Outlook Group said on Friday.

China's slowdown might be real but its economy is far from smashing into smithereens. Many subtle pointers indicate that the world's second-largest economy is turning around.

All seven people aboard a plane being used by Kinross Gold Corporation (NYSE: KGC) died when the aircraft crashed shortly after takeoff from an airport in the African nation of Mauritania, officials of the gold mining company said Thursday.

United Continental Holdings Inc. (UAL) is joining hands with Boeing Co. (BA) to save on its fuel costs by replacing outdated and obsolete planes.

As President Barack Obama pivots to make income inequality a focus of his campaign, income and wealth disparities are widening to alarming proportions.

More than 100 Indian laborers are trapped in Bahrain over a wage dispute with Nass Corporation. Some have no money to support their families in India and no hope of escape.

The increased sale of American products in Europe and China, amidst economic turmoil in both regions, does little to evoke hopes of economic growth in the U.S.

British industrial data released Tuesday, while a slight improvement over the previous month's figures, can't hide the fact that the economy is still weak, experts say.

The world's top three jet engine makers are accelerating their research and development (R&D) efforts to cash in on a booming global aviation market.

Facebook, which is expected to claim one-seventh of humanity in its grasp next month, is trying to give LinkedIn a run for its money with a proposed entry into the job-recruiting market.

Many small businesses have been paying nearly twice the amount for half the health care benefits that they are entitled to provide their employees. However, under the new health care mandate, health insurance will be more affordable for small companies.

The European Commission is expected to give Spain an additional year to reach deficit-reduction goals and also to ease its debt reduction targets.

Japan, which is still floundering from last year's earthquake-tsunami, is once again nearing a recession, economists say.

While American politicians such as U.S. Sen. Kirsten Gillibrand, D-N.Y., are pushing to expand federal tax breaks for small businesses, the U.K. government has already announced a move to help early-stage businesses find new means of financing: tax relief for private investors.

Greek Prime Minister Antonis Samaras requested on Friday that European Union (EU) and International Monetary Fund (IMF) creditors extend a ?237 billion bailout package for a grace period of two years to help the country survive its fifth year of recession.

Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.

Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim.Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.

Some airline companies appear to be faring much better in gaining passenger traffic thanks to a soaring demand for air travel and limited carrier choices -- a trend that has given U.S. airlines wide leeway to maintain overcrowded planes and shoddy customer service.

The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.

Government subsidies for sugar farmers are facing fresh opposition, despite the farmers' successful efforts to defeat a recent bid to eliminate the subsidies that opponents argue endangers public health, reduces employment and costs consumers and businesses billions of dollars.

The Italian bond market rallied on Tuesday as optimism among investors grew in anticipation of further growth measures from European leaders following the EU summit last week.

CEO Robert Diamond's ouster from Barclays (NYSE: BCS) raises questions about whether Wall Street's doyen, Jame Dimon, CEO of JPMorgan Chase (NYSE: JPM), might be next to go, especially as his bank's problems mount.

As the Midwest teeters from the impact of one of the most damaging heat waves in U.S. history, declining yields on crops could hurt the public by raising food and commodity prices to staggering proportions, according to commodities trading data.