AIA Group Ltd , Asia's No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals.
Stock index futures pointed to a higher open on Wall Street on Tuesday following a long holiday weekend, with futures for the S&P 500 up 1.01 percent, Dow Jones futures up 0.95 percent and Nasdaq 100 futures up 1.1 percent at 1027 GMT.
An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, though the role of the firms remained under official review.
Mazen Dajani, chief executive of Jordan's CTI Group, says the Arab Spring accomplished what the global financial crisis of 2008-9 did not: it pushed his company, one of the world's largest shippers of cement, into the red.
Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis is dragging down the global economy.
More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.
Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis was slowing global activity.
Investment bank Morgan Stanley plans to tell employees this week that bonuses will drop, with cash payouts capped for now at $125,000, The Wall Street Journal reported on Monday.
Hosting the majority of the planet's population, it is not a surprise to see Asian countries playing an increasingly prominent role in today's business world.
The top six fastest growing real estate companies mirrored the state of development around the world. As the U.S. and Europe languish, recovering from a glut of pre-recession overdevelopment, Asia, India and the Middle East have seen a construction boom
Acura made noise last week at the Detroit Auto Show, as Honda unveiled the return of the NSX and boldly dubbed it the return of the supercar. And that certainly caught the most eyes on the first day of the press preview at the 2012 North American International Auto Show.
Germany, the only major euro zone member to retain a top-notch credit rating, refused on Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.
Wikipedia, the popular community-edited online encyclopedia, will black out its English-language site for 24 hours to seek support against proposed U.S. anti-piracy legislation that Wikipedia founder Jimmy Wales said threatens the future of the Internet.
Rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin.
Celebrities at the 2012 Golden Globes went nude this year. No not actually in their birthday suits, but many donned a much softer, more feminine neutral palette in contrast to the red carpet on Sunday. From Angelia Jolie and her Atelier Versace gown with a pop of red to Jessica Biel's wedding white Elie Saab dress, here are the best nude looks and trends on the Golden Globes red carpet, plus how to pair neutral with your own skin tone.
Use of microblogging in China quadrupled in 2011 compared with the previous year, with nearly half of all Chinese Internet users now taking to the near-instant service to gather news and spread views, a government Internet think tank said Monday.
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
Greece's private sector creditors warned on Monday that the Athens government must urgently break a deadlock in debt swap talks triggered by unreasonable demands from international lenders if is to avoid a disorderly default.
Bank of America Corp Chairman Chad Holliday on Monday said he supports chief executive officer Brian Moynihan 100 percent.
Top executives at Deutsche Boerse and NYSE Euronext sent a letter to European Commissioners emphasizing the European nature of a combined company, in a bid to salvage their deal after antitrust regulators threatened to block it.
Top executives at Deutsche Boerse and NYSE Euronext sent a letter to European Commissioners emphasizing the European nature of a combined company, in a bid to salvage their deal after antitrust regulators threatened to block it.
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
Samsung Electronics Co said on Monday its U.S. operation plans to sell around $1 billion in bonds, its first major overseas debt sale in more than a decade, to fund its chip plant operations.
Internet giants Google and Facebook told an Indian court on Monday that it is not possible for companies to block offensive content that appears on their websites, in a case that has stoked fears about censorship in the world's largest democracy.
Greece sent senior officials to Washington on Monday for meetings with the International Monetary Fund as it raced against the clock to break a deadlock in debt swap talks that has raised fears of an unruly default.
European shares and the euro recovered from early losses on Monday in the wake of a mass downgrade of euro zone sovereign ratings, but trading was choppy with U.S. markets closed and the outlook for Greek debt talks uncertain.
Computer hackers disrupted access to the websites of the Tel Aviv Stock Exchange and Israel's flag carrier El Al Airlines on Monday, officials at both companies said.
The new chief of Agricultural Bank of China brings no-nonsense flair and a strong track record in bank overhauls to the helm of the lumbering Chinese lender where he started out years ago as a filing clerk.
Euro zone bank shares fell but stocks seen as resilient to an economic slowdown gained on Monday in the wake of Standard and Poor's mass downgrade of euro zone sovereign ratings, while the euro hovered near 17-month lows against the dollar.
Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
