Central bank representatives from the world's richest countries will lead a reform initiative for Libor, the interest rate that affects mortgages and other loan products.
Etienne Uzac co-founded International Business Times as a global-news website alternative to the “established business media."
The country's powerful military, and Chinese firms, may stand to lose the most from the planned renegotiations.
The U.S. took in $129 billion in taxes - you read correctly - $129 billion - from revenue generated by the travel and tourism industry.
What's more, the Conference Board says the pace of growth is unlikely to slow in the short term and might even pick up.
May 2013 new home sales rose to 476,000, their highest level in nearly five years.
Maersk has opened a new transshipping facility in Malaysia offering storage space to commodity traders that will enable shorter shipping times to China.
France is still Carrefour’s main market, and aside from Taiwan, it’s not doing great in Asia.
The April data, which rose 12.1% from a year earlier, reflects a genuine U.S. housing recovery, according to a leading home builder.
The northern European carrier is buying 12 Airbus planes for $3.3 billion. It's spending another $1 billion on the engines.
Two Indian, state-run oil companies have jointly agreed to buy another Indian company's stake in Mozambique's Rovuma gas field.
The CFTC charges mean the former U.S. senator, New Jersey governor and Goldman Sachs head likely will avoid criminal prosecution.
Taco Bell is getting ready to launch a new flavor of Doritos Locos Tacos.
Sinopec, the world’s third-largest oil company, will expand into Angola, Africa’s second largest oil producing country.
Apple’s "iPhone 6" in 2014 may feature TSMC-built A8 chip, while new leaked photos suggest that "iPhone 5S" in 2013 may sport an A7 chip.
Cisco risks losing revenue from its China operations, as state-run media urge consumers to switch to domestic products for security reasons.
The stock markets in these emerging economies have a total of three companies listed, together.
U.S. stock markets will try to end the "June Swoon," and build on Asian market gains Tuesday.
Dilma Rousseff's proposal on Monday for a referendum to amend the constitution was met with skepticism.
Asian markets fell again on Tuesday, led by a record fall in the Shanghai stock index, as concerns grew over liquidity in China’s banking sector.
The pilot program will address health care needs and prevent future problems among the company's most chronically ill workers.
The prospectus gives little detail on the offering, which is seen as merely provisional for now.
New York Fed President William Dudley said that financial instability, itself, was reducing the effectiveness of monetary policy.
Tourism spending has largely stayed higher than GDP growth since about mid-2010.
The global sell-off continued Monday, after China's central bank announced efforts to systematically slow down its growth rate.
Check out the latest map. What's more, the U.S. ranks below most European countries and Canada.
Rajaratnam was convicted in 2011 for massive securities fraud in the biggest-ever U.S. hedge fund insider trading scheme.
One of the least-connected countries in the world hopes to finally bring technological modernity to its citizens.
The global retail coffee brewer has only reported a taxable profit once in 15 years of operating in the U.K.
Expert analysts say this Ifo reading could lead to annual GDP growth of a solid 2 percent or so.
