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Heavily-indebted advanced economies urgently need to establish deficit-cutting plans before markets turn on them, the IMF warned on Thursday, singling out Japan and the United States among the laggards.
Several of the largest US asset managers delivered stronger-than-expected quarterly earnings on Thursday, helped by rising stock markets, but weaker net sales suggested that investors remain risk-averse.
African economic growth is heading back to pre-crisis growth levels, propelled by strong demand for its resources and increased "South-South" investment, notably from China.
General Motors Co has withdrawn its application for USD 14 billion in subsidized loans from the US Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.
Egypt's web activists have been brazen critics of the President Hosni Mubarak 30 year rule online. This week's unprecedented protests across Egypt showed they are becoming formidable opponents offline too.
With the onset of the annual tax season in the United States, residents concerned about the status of their refund or their federal tax returns don't have to worry -- because there is an app for that.
Security guards, a safe and a trail of false clues are some of the tactics that may be employed by whoever it is making the dress for Kate Middleton's wedding to Britain's Prince William.
British police arrested five young men on Thursday following an investigation into Internet activists who carried out cyber attacks against groups they viewed as enemies of the WikiLeaks website.
New US claims for jobless benefits surged last week as snowstorms in some parts of the country kept workers at home, but the underlying trend pointed to an only gradual labor market improvement.
The heads of the world's biggest banks and insurers met in Davos on Thursday to try to improve their relationship with regulators who are crafting tougher rules to prevent another financial crisis.
Facebook has no plans to launch Facebook-branded phones with Taiwanese smartphone maker HTC, it said on Thursday, following reports that it planned to launch an official tie-up next month.
There is a possibility of heavy government spending in the first-half of the next fiscal year, beginning in April, on account of large government cash holding, a deputy governor at the central bank said on Thursday.
Bajaj Electricals would increasingly focus on penetrating rural markets in the coming years as it plans to grow volumes for its electrical appliances and utility products, a senior official said on Thursday.
Too much regulation risks driving risky financial transactions and other activities into the more opaque areas of the financial system, Goldman Sachs' number two executive Gary Cohn warned.
Procter & Gamble Co and smaller rival Colgate-Palmolive Co posted lower quarterly net income, hurt by sluggish sales in developed markets like the United States.
Qatar, the 2022 soccer World Cup host, pipped hot favourite France to win the right to stage the 2015 handball world championship, the International Handball Federation (IHF) said on Thursday.
Potash Corp, helped by rising demand for fertilizer as world food prices soar, has doubled its profit and issued far stronger forecasts for the year ahead, sending its shares more than 3% higher on Thursday.
Former South African President Nelson Mandela was hospitalised overnight for routine medical tests, reviving concern over the health of the frail 92-year-old anti-apartheid icon.
Moody's Investors Service warned on Thursday that lack of US government action on the budget deficit increases the likelihood of a negative outlook on the country's top AAA credit rating.
Citigroup Inc has made contact with parties, including British financier Guy Hands, to take control of storied music company EMI Group Ltd, the Wall Street Journal reported on Thursday.
Tata Chemicals plans to spend more than USD 100 million to expand soda ash making capacity by 400,000 tonnes, a top official said on Thursday.
Samsung Electronics Co, the world's top memory chipmaker, reported its weakest profit in six quarters, as muted demand for televisions and computers hit prices of its mainstay chips and flat screens.
A 450-year-old Madonna and child painting sold for a record USD 16.9 million on Thursday at a Sotheby's sale of Old Master works that saw especially strong prices for religious-themed works.
China will carefully open up its yuan to more trading based on market needs and plans to double its level of imports in five years, its commerce minister said on Thursday, as the country liberalizes its economy, now the world's second largest.
Amazon.com forecast lower margins than some investors hoped for, reflecting the costs of its growth strategy, and shares of the world's largest online retailer plunged 8.5%.
