Standard Bank Group said on Tuesday it hopes its non-disclosed investment in solar lamp projects in the Asia-Pacific region will generate millions of U.N.-backed emissions offset credits for its carbon portfolio.
Many Liberians failed to vote in a presidential run-off on Tuesday, poll observers said, some people staying away for fear of further violence and others following an opposition boycott appeal.
Hedge fund manager Daniel Loeb, who took a five percent stake in Yahoo in September, is now demanding co-founder Jerry Yang step down.
Hecla Mining Co.'s third-quarter profit soared as higher prices and a big gain on derivatives trading offset lower silver production, but the silver producer missed analyst estimates by a penny.
Perhaps the most invidious, appalling action during the financial crisis was the decision by the U.S. Federal Reserve to take over New York-based American International Group (AIG) in Sept. 2008. And it was the most necessary.
Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities one step closer to obtaining names of alleged tax cheats.
Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government.
In an attempt to reduce its carbon footprint, Alaska Airlines will fly 75 bio-fuel-powered commercial flights, across the United States, starting on Wednesday, the airline announced in a statement on Monday. This is a step which is being perceived as a historical one in the country's aviation sector.
Republican presidential candidate, Herman Cain, got through most of last week with some success (following allegations of sexual abuse) largely because his accusers kept quiet. On Monday, however, Cain faced a new set of political challenges, after an ex-employee of the National Restaurant Association's (NRA) educational foundation accused him of sexually inappropriate behavior 14 years ago. The Chicago woman told reporters that her encounter with Cain in 1997 was tawdry and aggressive.
Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.
Greece, India, China and Thailand are home to the weakest national pension systems in the world.
Vodafone edged its full-year outlook higher on Tuesday. The results were boosted by strong growth in India.
Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took center stage in the euro zone debt crisis.
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Societe Generale , France's second-biggest listed bankon, scrapped its 2011 dividend on Tuesday to help bolster capital when reporting quarterly profit fell sharply, hit by charges including Greek debt writedowns.
Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
Scandal-hit Olympus revealed on Tuesday it had found that funds related to its purchase of British medical equipment maker Gyrus as well as three domestic firms were used to hide losses on securities investments dating back to the 1990s.
China's annual investment on railway construction could fall to about 500 billion yuan ($78.7 billion) a year, retreating from ambitious heights mapped out in a plan for the sector that has struggled with high debts, an official Chinese newspaper said on Tuesday.
Scandal-hit Olympus said on Tuesday it had found that funds related to its acquisition of British medical equipment maker Gyrus and of three domestic firms were used to cover losses on securities investments dating back to the 1990s.
Scandal-hit Olympus said on Tuesday it has discovered that funds related to its acquisition of British medical equipment maker Gyrus in 2008 and of three domestic firms were used to cover losses on securities investments dating back to the 1990s.
Morgan Stanley said a group of investors believes the bank may have sold defective mortgage bonds contained in more than $6 billion of trusts, signaling that it may face litigation over its involvement.
