The Parliamentary Commission on Banking Standards calls for new measures, including criminal sanctions, to make bankers responsible for their own failings.
Posted on 19 June 2013 | 1:03 am
Value of shares in New News Corp – which also includes HarperCollins – drops from $15.00 to $14.5 within 40 minutes Bridie Jabour…
Posted on 19 June 2013 | 12:18 am
WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
Posted on 19 June 2013 | 12:08 am
Dalian Wanda Group, a Chinese property developer, says it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.
Posted on 19 June 2013 | 12:04 am
SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.
Posted on 18 June 2013 | 11:28 pm
SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy step.
Posted on 18 June 2013 | 10:51 pm
NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment trust.
Posted on 18 June 2013 | 10:32 pm
MEXICO CITY (Reuters) - Mexico's state oil producer, Pemex, said on Tuesday it had evacuated its Mexico City headquarters, the site of a deadly explosion in January, after a bomb threat.
Posted on 18 June 2013 | 10:21 pm
SHANGHAI (Reuters) - General Motors Co said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car market.
Posted on 18 June 2013 | 10:15 pm
Singapore's economy is being impacted by the huge cloud of smoke that drifts in from Sumatran wood fires every year.
Posted on 18 June 2013 | 10:05 pm
South Korea is looking to buy 60 advanced fighter aircraft for $3.7bn in its biggest-ever defence deal.
Posted on 18 June 2013 | 10:02 pm
Japanese exports rise in May by the most since 2010 as the yen weakens, providing a boost to Prime Minister Shinzo Abe's plan to revive the economy.
Posted on 18 June 2013 | 9:15 pm
SEATTLE (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter, but the plane landed without incident.
Posted on 18 June 2013 | 8:42 pm
NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp.
Posted on 18 June 2013 | 8:30 pm
(Reuters) - Adobe Systems Inc, known for its Photoshop and Acrobat software, reported a higher-than-expected adjusted second-quarter profit and said demand rose for Creative Cloud, the subscription-based version of its flagship software package.
Posted on 18 June 2013 | 8:02 pm
(Reuters) - Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.
Posted on 18 June 2013 | 8:00 pm
Google has petitioned a secret U.S. national-security court to relax restrictions on the information the tech giant can reveal about government data requests, claiming such restrictions violate the company’s right to free speech under the First Amendment. Google’s motion, filed on Tuesday with the Foreign Intelligence Surveill…
Posted on 18 June 2013 | 7:39 pm
The Paris Air Show isn't just for showing off new airframes. GE Aviation's David Joyce shows off new engine technology.
Posted on 18 June 2013 | 7:33 pm
French Finance Minister Pierre Moscovici calls upon Europe to cooperate in order to avoid austerity and achieve growth.
Posted on 18 June 2013 | 7:30 pm
In an interview with CNN's Richard Quest, Boeing CEO Jim McNerney says the company's newest jet will put it back on top.
Posted on 18 June 2013 | 7:29 pm