INVESTMENT

UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.

South Africa's Gold Fields Ltd. could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.

Gold fell on Wednesday as investors booked profits on the metal's rally earlier in the day ahead of the outcome of a Federal Reserve policy meeting that many hope will confirm the central bank's strategy to kick-start U.S. growth.

Chief Googler Eric Schmidt will stand before the U.S. Senate Judiciary Committee's antitrust committee and defend his company against accusations of antitrust and favoritism.

Not too long ago, if you mentioned the word annuity to investors, their eyes glazed over. But now individual investors, panicked by stock market selloffs that threaten their retirement dreams, have been doing something they have never done before: asking for them.

Facebook’s growth is so strong that revenue this year may tap $4.3 billion, double prior estimates, market researcher eMarketer reports.

Gold held steady above $1,800 an ounce on Wednesday ahead of the outcome of a Federal Reserve policy meeting at which the U.S. central bank is expected to unveil its next steps to revive the world's largest economy.

All that glitters is not just gold, with prices for silver also expected to strongly rise within the year due to a worsening economic landscape.

After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.

According to a transcript from a recent town hall meeting at a T-Mobile filed service center, Cole Broadman, the chief marketing officer of T-Mobile, reportedly revealed that the carrier will not “get the iPhone 5 this year”.

Electro-mechanical projects firm Voltas Ltd is in advanced talks to buy the water purification and treatment business of India's No.3 software services exporter, Wipro Ltd, The Times of India said, citing unnamed sources close to the development.

UBS chief executive Oswald Gruebel said on Wednesday he still has support from the Swiss bank's board of directors, after unauthorized trading caused a $2.3 billion loss.

Silver mining companies rose in aftermarket trading Tuesday even as the price of silver gave up gains achieved earlier in the day.

The stock price has been languishing for more than two years -- shares have lost almost half their value year-to-date.

The U.S.-based Standard and Poor credit ratings agency upgraded Turkey's local-currency sovereign credit rating to investment grade for the first time in history, highlighting the country’s relatively strong financial condition compared to its neighbors in Europe.

The relationship between President Obama and Warren Buffett has grown as the president is calling on wealthy Americans to pay more in taxes to solve deficit problems.

Zambians voted on Tuesday in a closely contested election between President Rupiah Banda and opposition leader Michael Sata, who has been a critic of foreign investment in Africa's biggest copper producer, most notably from China.

South African stocks rose to their highest level in more than six weeks on Tuesday, bouncing back from the previous session's decline, with gold miners among the top gainers as the domestic currency falters and bullion prices cruise higher.

NASA has announced a plan to launch its astronauts to the International Space Station and low Earth orbit through the partnerships of private companies.

A physicist, an architect, an evolutionary geneticist and a jazz percussionist are among the 22 people to win MacArthur Genius Grants in 2011.

In China, he has surprised and charmed the nation by his humility and ordinariness.