The United States is flush with liquidity and any further stimulus will not help and could even harm the US economy, Dallas Federal Reserve Bank President Richard Fisher said on Friday.
A jury began deliberating on whether Abbott Laboratories should pay GlaxoSmithKline hundreds of millions of dollars over allegations of unfair HIV drug pricing.
The US economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand.
NATO is set to take over the policing of Libyan skies to enforce a no-fly zone after overcoming objections mainly from Turkey, as French and British fighters pounded the strategic eastern town of Ajdabiya where rebel fighters have mounted an offensive to recapture it.
Moody's credit rating for Portugal depends heavily on the country maintaining strong commitment to consolidating its finances, the rating agency said on Friday.
AT&T Inc's USD 39 billion bid to buy Deutsche Telekom AG's T-Mobile casts doubt on the U.S. government's ability to swiftly deliver policy to meet the booming demand for wireless services.
BHP Billiton has approved USD 9.5 billion of capital investment to expand its Australian iron ore and coal mining operations, showing that planned mining and carbon taxes are not crimping its growth plans.
Research In Motion's net profit jumped 32% in its fiscal fourth quarter, boosted by strong global BlackBerry smartphone sales as it readies next month's North American launch of its PlayBook tablet computer.
The head of the International Monetary Fund will seek to activate a USD 580 billion crisis fund next week, a confidence-building step at a time of heightened global uncertainty.
A profanity-laced phone tap of accused hedge fund manager Raj Rajaratnam and his brother was played for jurors as US prosecutors sought to prove he traded on inside information about a deal that had not yet been made public.
Federal Reserve Chairman Ben Bernanke will break nearly 100 years of tradition at the UScentral bank next month when he begins talking to the media after policy meetings.
The Japanese government aims to have an emergency budget for post-quake relief and reconstruction by the end of April, Finance Minister Yoshihiko Noda said on Friday.
European leaders agreed on Thursday to increase their financial rescue fund to the full 440 billion euros by June, but avoided discussion of Portugal which is under pressure to seek a bailout following the resignation of its prime minister.
A large 6.8 magnitude earthquake struck Myanmar near the border with northern Thailand on Thursday, killing one woman, police and witnesses said.
A collapse of the euro is not unthinkable. That is the chilling warning coming in from the Oracle of Omaha Warren Buffett. Speaking to CNBC's Becky Quick, Buffett said that EU nations would have to go in for serious belt-tightening to avert a full-blown crisis.
Western warplanes hit Libyan tanks on a fifth night of airstrikes on Thursday but failed to stop Muammar Gaddafi's forces shelling rebel-held towns in the west or dislodge his armour in the east.
US regulators have asked Citigroup, Deutsche Bank, Bank of America and JPMorgan Chase to make employees available as witnesses in a Libor probe, Bloomberg said, citing two people briefed on the plans.
Portugal is unlikely to ask the European Union for a financial bailout package during an EU leaders' summit on Thursday and Friday, but it cannot be ruled out, a senior EU official said on Thursday.
Imax Corp, which operates a chain of big-screen movie theatres, said it has signed a 75-theatre joint revenue-sharing deal with China's Wanda Cinema Line Corp, marking the Canadian firm's largest international deal.
South Korea's top steelmaker POSCO said on Thursday it had revised its sales volume target up by 1 million tonnes and will raise output to meet orders from clients in disaster-hit Japan.
The Japanese economy is set to shrink in the April-June quarter following a deadly earthquake and tsunami earlier this month, with a median forecast in a Reuters poll pointing to a 1.4% annualised contraction.
Stores in Tokyo were running out of bottled water on Thursday after radiation from a damaged nuclear complex briefly made tap water unsafe for babies, while more nations curbed imports of Japanese food.
China still sees risks from euro-zone debt problems and has increased its holdings of European government bonds to help the region, the Chinese foreign ministry said on Thursday.
China will ban smoking at all indoor public venues from May in an effort to shield the world's most populous nation, and its largest cigarette producer, from the harmful effects of the habit, the health ministry said.
Internet telephone service Skype said it named Jonathan Chadwick, a former McAfee financial executive, as its chief financial officer.