Libyan rebels said today that strongman Muammar Gaddafi still poses a danger to Libya and the world, as insurgents closed in on his hometown of Sirte a week after overrunning the capital.
Troubled US financial giant Bank of America said today it would sell roughly half of its 10% stake in China Construction Bank for approximately USD 8.3 billion in cash.
The original interactive game, Hasbro's Twister, is going interactive.
The buzz-heavy 2011 Video Music Awards scored the biggest audience in MTV's history, MTV said on Monday.
Libyan forces converged on Muammar Gaddafi's hometown of Sirte on Monday, hoping to seal their revolution by seizing the last bastions of a fallen but perhaps still dangerous strongman.
Figuring out what the People's Bank of China is doing can be as perplexing as parsing a statement from Alan Greenspan, the notoriously opaque former US Federal Reserve chairman.
Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell.
US consumer spending rose at its fastest pace in five months in July, supporting views the economy was not falling back into recession.
Japanese Finance Minister Yoshihiko Noda was chosen on Monday to become the sixth prime minister in five years, but he needs to overcome a divided parliament and deep rifts in the ruling party if he is to make more of a mark than his recent predecessors.
Finance Minister Yoshihiko Noda, a fiscal hawk, will become Japan's sixth prime minister in five years after winning a ruling party vote on Monday, an outcome likely to please investors worried about a bulging public debt.
The heads of the US Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems.
Hurricane Irene lashed New York with heavy winds and driving rain on Sunday, knocking out power and flooding some of Lower Manhattan's deserted streets but so far the feared major devastation was avoided as the storm lost some of its punch.
Hurricane Irene battered New York with ferocious winds and driving rain early on Sunday, shutting down the US financial capital and most populous city, halting mass transit and causing massive power blackouts as it churned slowly northward along the East Coast.
The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
Al Qaeda's new second-in-command was killed earlier this week in Pakistan, US officials said on Saturday, in a major blow to the group still reeling from the death of Osama bin Laden.
Hurricane Irene lashed North Carolina with heavy winds, rain and surf on Saturday as it neared land on a path threatening the densely populated US east coast with flooding and power outages.
President Barack Obama today declared emergency in three States of New York, Virginia and Massachusetts which empowered federal agencies to take all steps required to protect people and properties, as hurricane Irene with a sustained wind speed of 100 miles per hour gushed toward the eastern shores of the United States.
Google Inc will launch its TV service in Europe early next year, Executive Chairman Eric Schmidt said on Friday, despite teething problems that had led some observers to question how committed the company would remain to the project.
As expected Federal Reserve Chairman Ben Bernanke announced no new economic stimulus measures during his speech after the meeting. However, there were indications that more action by the Fed if another downturn looks likely.
Hurricane Irene caused as much as USD 1.1 billion in insured losses in the Caribbean, catastrophe modeling company AIR Worldwide said on Friday, with more expected to come as the storm heads for the US Northeast.
President Barack Obama and International Monetary Fund chief Christine Lagarde both feel the world economy needs further steps to boost growth in the short term, the White House said on Friday.
A photograph appearing to show an emaciated Steve Jobs surfaced on celebrity website TMZ, which said the picture was taken on Friday, two days after he resigned as Apple Inc's CEO.
Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial.
Greece risks missing its 2011 fiscal targets and can expect tough discussions with senior EU, IMF and ECB inspectors next week on its bailout programme, a source close to the inspectors said on Friday.
The euro bloc risks fresh market attacks, perhaps as soon as in the next few weeks, as it tries to implement promised steps to address its debt crisis.