World News

JPMorgan investors urge split of chairman, CEO roles  

16 Apr 2013, 8.31 am  |  Source: Reuters

JPMorgan Chase & Co should split the roles of chairman and chief executive officer to restore credibility with regulators and manage the bank more eff...

Triumph turns to terror as blasts hit Boston Marathon  

16 Apr 2013, 8.09 am  |  Source: Reuters

Joe Anderson had just crossed the finish line of Monday's Boston Marathon when he heard the blasts that killed two people, wounded dozens and terrifie...

Coal and cattle lead business damage to nature: Study  

15 Apr 2013, 8.34 pm  |  Source: Reuters

Coal-fired power generation in Asia and cattle ranching in South America are the most damaging businesses for nature with hidden costs that exceed the...

Warburg Pincus buys stake in Avtec  

15 Apr 2013, 5.23 pm  |  Source: Reuters

US private equity firm Warburg Pincus LLC has bought a minority stake in Indian engineering equipment maker Avtec Ltd, but the terms of the transactio...

US companies add to 'wall of worry', then may smash it  

15 Apr 2013, 4.30 pm  |  Source: Reuters

Many top US companies have been cutting forecasts for their earnings at a rapid pace in recent weeks, but an analysis of historical data shows that ra...

Stagnant Europe the class laggard as G20 takes stock  

15 Apr 2013, 4.18 pm  |  Source: Reuters

After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington thi...

World military spending dips in 2012, first fall since 1998  

15 Apr 2013, 4.10 pm  |  Source: Reuters

Global military spending dropped in 2012 for the first time in more than a decade thanks to deep cuts in the United States and Europe which made up fo...

ING targets May launch of $1.2 bn Thai bank stake sale  

15 Apr 2013, 4.03 pm  |  Source: Reuters

ING Groep NV is targeting a May launch for the sale of its USD 1.2 billion stake in Thailand's TMB Bank , as the Dutch financial services company awai...

Risk assets hit as US, China data stirs recovery worry  

15 Apr 2013, 10.12 am  |  Source: Reuters

Risk assets from commodities to Asian shares slid on Monday as weaker-than-expected US and Chinese data raised concerns about the global economic outl...

'G20 to consider cutting debt to well below 90%/GDP'  

15 Apr 2013, 9.22 am  |  Source: Reuters

Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term t...

Respect our independence: Cyprus central bank chief  

14 Apr 2013, 8.02 pm  |  Source: Reuters

Cyprus's central bank governor said on Sunday he was willing to work with the government to pull the island out of its economic crisis, provided the b...

HSBC names Anshul Gupta M&A head for MENA: Memo  

14 Apr 2013, 8.00 pm  |  Source: Reuters

HSBC Holdings has named Anshul Gupta as its head of mergers and acquisitions business for the Middle East and North Africa, replacing Omar Mehanna, wh...

US's Kerry lands in Japan in push to rein in North Korea  

14 Apr 2013, 12.32 pm  |  Source: Reuters

US Secretary of State John Kerry arrived in Japan on Sunday, the last stop on an Asian tour aimed at solidifying support for curbing North Korea's nuc...

Fed doves play down threat of US inflation  

14 Apr 2013, 8.36 am  |  Source: Reuters

Federal Reserve policymakers went out of their way on Saturday to play down the risk that aggressive measures to bolster the US economy would lead to ...

Greek bailout review concludes, next tranche soon: Source  

14 Apr 2013, 8.26 am  |  Source: Reuters

An inspection team of international lenders has finished its review of Greece's austerity programme, paving the way for another 10 billion euros aid p...

EU's six largest members agree to fight tax havens  

13 Apr 2013, 1.23 pm  |  Source: Reuters

The European Union's six biggest countries agreed on Friday to cooperate in the fight against tax havens, piling pressure on Austria to follow Luxembo...

China escapes US currency manipulator label  

13 Apr 2013, 1.05 pm  |  Source: Reuters

The Obama administration said on Friday that China's currency remained "significantly undervalued," but again stopped short of labeling the world's se...

US data douses equity rally, gold drops 4%  

13 Apr 2013, 1.03 pm  |  Source: Reuters

Commodities sold off on Friday, with gold sinking 4 percent to break below USD1,500 an ounce, while world equity markets fell after a dour reading of ...

Obama's income falls in election year, pays 18.4% tax  

13 Apr 2013, 1.02 pm  |  Source: Reuters

President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012 and saw income from his best-selling books drop as he ran for re-ele...

BlackBerry to ask regulators to probe report on returns  

12 Apr 2013, 10.41 pm  |  Source: Reuters

BlackBerry said on Friday it would ask securities regulators in Canada and the United States to probe a report about retail return rates for its new Z...

China reports new bird flu death, infections - Xinhua  

12 Apr 2013, 9.30 pm  |  Source: Reuters

Another person died from a new strain of bird flu in China on Friday, state media said, bringing to 11 the number of deaths from the H7N9 virus. ...

Drugmaker Eli Lilly to cut 1,000 US sales jobs: Source  

12 Apr 2013, 9.11 pm  |  Source: Reuters

Drugmaker Eli Lilly and Co plans to lay off about 1,000 domestic sales representatives, or 30 percent of its U.S. sales force, as it faces new generic...

EU loses around 1 trillion euros a year to tax evasion  

12 Apr 2013, 8.48 pm  |  Source: Reuters

Tax evasion is causing lost income of around one trillion euros a year in the European Union, the president of the European Council said on Friday, an...

Global economy muted again in 2013 - Reuters polls  

12 Apr 2013, 10.04 am  |  Source: Reuters

This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the United States te...

If Cyprus can sell gold to help bailout, why not others?  

12 Apr 2013, 9.59 am  |  Source: Reuters

Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for...