Belgium's economy minister said on Wednesday that heavy state involvement in emerging market economies is unsustainable, and it urged China to open sectors up to foreign companies.
President Barack Obama and members of Congress agree that cutting the federal deficit is important but what should be cut and by how much is the debate ahead as the next budget battle takes shape.
The Mexican economy is getting a helping hand from unlikely allies: Chinese workers whose rising wages are leading more companies to build factories in Mexico.
The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
Full-text of FOMC policy statement of Jan. 26, 2011.
Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.
Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else.
The gathering of business elites at Davos may witness the greatest concentration wealth in any one locale in history.
Roughly half of bankers in Britain and the United States received increased bonuses for 2010, according to a survey released on Tuesday.
Senator Paul Ryan delivered the official Republican response to President Barack Obama's State of the Union speech on Thursday. The following is the full text.
The European Commission said it has blocked a proposed merger between Greece’s two major airlines, Olympic Air and Aegean Airlines SA, because it would have created a quasi-monopoly and lead to to higher fares for four of the six million Greek and European passengers flying to and from Athens each year.
U.S. foods group Sara Lee Corp rejected a buyout offer by a group of private equity firms, the New York Post said, citing two sources close to the process.
Facebook CEO and Time's Person of the Year Mark Zuckerberg received some private financial consultation on How to raise funds? -- courtesy, a hacker who infiltrated the CEO's fan page.
The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.
The companies that reported earnings before the markets open on Wednesday are: Boeing, ConocoPhillips, Abbott, General Dynamics, United Technologies, Southern Co., Hess, Xerox, Rockwell Automation and Wellpoint.
Sara Lee Corp (NYSE:SLE) has rejected a takeover bid by a group of private equity firms, according to a report in the New York Post.
World’s most populous country China plans to build 10 more mega nuclear reactors, in addition to 25 currently being built, at an investment of $121.5 billion to boost atomic power generation to meet its energy requirements.
South Korea's economy grew more than expected in the last quarter of 2010, posting an increase for the eighth consecutive quarter, the Bank of Korea said on Wednesday.
McDonald's opened the latest Hamburger University in Shanghai in 2010, getting into which has a probability of less than 1 percent.
A ministerial reshuffle has signalled India may give sorely-needed focus to the development of its burgeoning cities, whose erratic expansion is seen as a major brake on economic growth.
UK-based water supplier United Utilities Group Plc said current trading is in line with the group's expectations of delivering a solid underlying financial performance for the year ending March 31.
