U.S. regulators seized three Puerto Rican banks on Friday and sold their deposits to other banks, costing the Federal Deposit Insurance Corp insurance fund $5.3 billion -- one of the largest hits in the banking crisis.
The United States on Friday placed Russia on its list of countries with the worst records of preventing copyright theft for the 13th straight year, just days after the two nations agreed to intensify talks on Moscow's bid to join the World Trade Organization.
Honda Motor Co Ltd said it would recall 167,255 Acura TSX sedans sold in the U.S. market to address the risk that power steering fluid could leak and cause an under-the-hood fire.
German Chancellor Angela Merkel said on Wednesday Greece's international bailout must be accelerated for the sake of the entire euro zone, as the far bigger Spanish economy suffered a credit rating downgrade.
The six-meter high red, blue and gold ball recently painted on the side of the Alwyn alpha rig is the largest Total logo in the world -- a sign of Big Oil's growing focus on its heartlands.
The International Monetary Fund pledged on Sunday to keep working on plans to make bankers bear the burden of their own bad behavior and not to lose heart over opposition to their first ideas for a global bank tax.
Greece's finance minister said on Sunday that aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
Greece's finance minister said Sunday aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
Greece's finance minister said on Sunday aid would arrive fast enough to avert a debt default as signs grew that a 45 billion euro ($60.49 billion) rescue package would have to be increased.
Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default.
Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.
European heavyweights Germany and France vowed on Sunday to take a hard line with Greece in exchange for financial support as doubts emerged over whether a 45 billion euro ($60.2 billion) aid package was sufficient to prevent a default.
Finance leaders scrambled to secure aid for debt-stricken Greece on Saturday and Canada cautioned that some European countries feared the 45 billion euros ($60 billion) under consideration was not enough.
A bank levy to cover the cost of future bailouts is a flawed idea, a global banking group said on Saturday, calling instead for a global agreement for unwinding failing banks without resorting to taxpayer money.
G20 finance leaders said on Friday they had secured a better-than-expected global economic recovery but were wary of overconfidence as Greece's debt crisis put the focus on worsening public finances.
G20 finance leaders said on Friday they had secured a better-than-expected global economic recovery but were wary of overconfidence as Greece's debt crisis put the focus on worsening public finances.
Proposals to hit banks around the world with new taxes to help pay for bailouts split world finance leaders on Friday.
World finance leaders will seek to assure markets on Friday that the global economy is recovering despite the cloud cast by debt-troubled Greece and its request for a huge bailout.
World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis, but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.
Good morning dear traders,EURUSD had no easy day yesterday. Especially the Euro was the whipping boy of the day. Don´t you think so? Sure, it was a perfect day for short traders, but ...
World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.
Amazon.com Inc forecast a lower-than-expected profit for its second quarter, raising concerns about the online retailer's future margins and sending its shares down nearly 6 percent.