UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.
Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.
An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.
Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.
The European debt crisis doesn't have to exist because there are a number of feasible solutions to fix the mess.
Finance chiefs from the Group of 20 nations and the 187-country International Monetary Fund met from Thursday to Sunday.
The global economy was supposed to be better by now.
World renowned primatologist Jane Goodall began her groundbreaking research into chimpanzees over 50 years ago in Tanzania's Gombe National Park, leaving an indelible imprint on the way humans view animals.
European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20, the semiannual meetings of the International Monetary Fund and World Bank, and the annual meeting of the Institute of International Finance.
Germany's private banks need to prepare for further fallout from the euro zone's sovereign debt crisis, the head of Germany's BdB banking association said on Sunday.
Oktoberfest 2011 is currently underway in Munich, Germany. The festival from Sept. 17 to Oct. 3. Here are the five most important things to know about the festival.
Italy could face losing its economic competitiveness unless political leaders move quickly to carry out economic reforms to cut its debt and restart growth, the head of UniCredit , Italy's biggest bank, said on Saturday.
British defense giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure orders for the Eurofighter Typhoon in the wake of cuts to defense budgets by partner nations, British media reported on Sunday.
The European debt crisis has deteriorated to a point where global leaders are publicly urging the Eurozone to get its act together.
Europe is working to ramp up the firepower of its bailout fund, top officials said on Saturday, as the United States, China and other nations raised the alarm about its debt crisis hurting the world economy.
A senior lawmaker from German Chancellor Angela Merkel's conservatives said on Saturday the euro zone's permanent rescue mechanism should be introduced sooner than mid-2013 to beef up private creditors' response to the Greek debt crisis.