China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country.
UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 billion loss due to unauthorized trading, a Swiss newspaper reported on Tuesday.
Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.
Ireland's state-run bad bank will auction works of art by the likes of Andy Warhol and Alex Katz after it put global auction house Christies in charge of a 14-painting collection valued at up $2.8 million on Monday.
Managed futures continue to produce opportunities as commodity price volatility persists. In a thinly-traded marketplace such as the Class III Milk Futures contract there is plenty of volatility and plenty of risk.
Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
Three successive earthquakes hit Guatemala on Monday, shaking buildings as far as 30 miles away and inciting landslides and public panic. At least one person was reportedly killed.
None of India's 20 nuclear power plants were disturbed by the earthquake, officials said Monday. The nuclear facility closest to the quake's epicenter is the Narora Power Station, some 800 miles to the west. The quake hit Sunday night, and the death toll has reached 74 people.
There have been a number of high-profile earthquakes in the last month, including ones in India, Japan, Cuba, Indonesia and the United States. Here are the ten worst quakes over the past 100 years.
As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.
U.S. stocks fell sharply on Monday as renewed fears of a Greek debt default prompted investors to book some of last week's gains and turn toward the safety of U.S. government debt.
Who are the protestors who are occupying the heart of the world's financial capital on Wall Street? And what do they want?
Contract negotiations continue between grocery chain Albertsons, Ralphs and Vons and its workers, who on Thursday issued a 72-hour notice to cancel a contract extension after the deadline passed on Sunday evening.
Michael Vick's return to Atlanta ends prematurely, the Luke McCown experiment may be ending soon in Jacksonville, the Patriots are looking Super Bowl ready, and much more in Week 2.
In the second quarter of 2011, the bank lost an astounding $8.8-billion, partially due to the burden of its enormous mortgage/legal liabilities.
Chinese media also reported that villagers blamed the factory’s pollution for causing at least 31 cases of cancer in the nearby village of Hongxiao.
More than a thousand workers have returned to Freeport McMoRan Copper & Gold's strike-hit Indonesia mine, the company said on Monday, leading the union to say some production has restarted at the world's third-biggest copper mine.
IT services is typically late cycle, so Jefferies doesn't believe the recent macro volatility will be evident in Accenture Plc (NYSE: ACN) fiscal fourth quarter results on Sept. 27.
Beaver Teeth More Than 7 Million Years Old
A magnitude 6.8 earthquake hit a remote Himalayan region in northern India on Sunday evening, killing at least four people and five in neighbouring Nepal as well as damaging buildings and blocking roads, officials said
UBS announced the loss from unauthorized trading equated to approximately $2.3 billion, more than the $2 billion that was initially reported.
Miss Universe Scandal: The Miss Universe Organization is investigating claims that Lopes falsified documents during the Miss Angola UK pageant earlier this year. The English competition helped her reach the Miss Universe pageant held in Brazil this month.
