Asian stocks edged lower for a fifth day while the U.S. dollar rose to a three-year high against a basket of currencies on Wednesday, after Federal Reserve Chairman Ben Bernanke gave a grim view on the financial sector.
Prudential and Manulife Financial made preliminary offers for American International Group's Asian unit, but Prudential's offer fell short for what AIG wants for the business, sources familiar with the matter said.
China Life has withdrawn from the bidding for American International Group Inc's Asian unit due to worries about the quality of the business, the Chinese insurer's chairman said on Tuesday.
Netbook web surfers beware. That low-cost netbook you're using could be a high-speed gateway into your life, bank accounts, passwords and other personal data.
Netbook web surfers beware. That low-cost netbook you're using could be a high-speed gateway into your life, bank accounts, passwords and other personal data.
Two thirds of the world's cell phone subscriptions are in developing nations, with the highest growth rate in Africa where a quarter of the population now has a mobile, a United Nations agency said on Friday.
Insurer AIG is set to take a $30 billion lifeline from the U.S. government and HSBC plans to raise up to $18 billion to counter a crisis that is punishing companies and crippling international trade.
Insurer AIG is set to report a $60 billion (42 billion pound) fourth quarter loss and take a $30 billion lifeline from the U.S. government to survive a crisis threatening some of the world's largest companies and crippling international trade.
Amazon's share of the electronic book reader market just got smaller with new e-readers from the Netherlands, China, Korea and also from the U.S.
Southeast Asian leaders said on Sunday they would coordinate policies and take joint actions to deal with a worsening global financial crisis battering their export-dependent economies.
The world faces a final opportunity to agree an adequate global response to climate change at a U.N.-led meeting in Copenhagen in December, the European Union's environment chief said on Friday.
Dell Inc expects its Asia revenue to fall this year, amid heated competition and the global slowdown, but it still expects to pick up share in the PC markets in China and India, a top executive said on Friday.
The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said on Thursday.
Motorola Inc (MOT.N) sees industry cellphone sales increasing in the mid-single-digit percentage range next year and in 2011, driven by first time buyers in emerging markets and upgrades to new models by existing users.
China denounced on Thursday U.S. criticism of its human rights record in an annual tit-for-tat exchange, saying the United States should put its own house in order first.
The United States and China should hold a summit featuring an agreement on climate change, helping to create international support for a new global pact by the end of 2009, a former White House adviser said on Thursday.
U.S. President Barack Obama's call for sweeping investment in clean energy and for carbon cap-and-trade legislation won praise from analysts and the renewables industry, saying it is a rallying call for other nations.
Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a source close to the matter.
President Barack Obama called on Wednesday for a sweeping overhaul of Wall Street regulations, saying big changes were needed to avoid a repeat of the financial meltdown.
President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.
President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.
Resource-rich countries hoping oil will rebound from a $100 crash will not relinquish overnight the power that came with record prices, but relations between international firms and state-run companies have begun to thaw.
