Deutsche Bank will change the legal status of its main U.S. subsidiary to avoid having to endow it with up to $20 billion in fresh capital, the Wall Street Journal reported on Wednesday.
Investors retreated from stocks, oil and other risky assets as a worsening nuclear situation in Japan and a lackluster start to the U.S.'s corporate earnings season cast doubt over the global economic recovery. The Dow Jones Industrial Average dropped 117.53 points, or 0.95%, to 12263.58, while the Standard & Poor's 500-stock index lost 10.30 points, or 0.78%, at 1314.16, and the Nasdaq Composite fell 26.72 points, or 0.96%, to 2744.79.
French engineering giant Schneider Electric has held early talks with Tyco International Ltd about buying the U.S. industrial conglomerate, a person with knowledge of the matter said on Tuesday.
Asian shares fell Tuesday on selling prompted by Japan declaring its nuclear crisis a match for the Chernobyl disaster in severity and after the International Monetary Fund said global economic growth should slow this year as new risks emerge.
A senior U.S. Treasury Department official said on Tuesday the G20 expects to make progress on guidelines for identifying economic imbalances this week and soon will be able to list countries with problems.
The world's biggest economies hope to make progress this week on a plan to identify countries that put the global economy at risk, while China warned against any moves that would curb its red-hot growth.
The G20 hopes to make progress on developing guidelines to identify economic imbalances this week and will soon be able to list countries with the biggest problems, a senior U.S. Treasury official on Tuesday.
Egypt’s former president Hosni Mubarak is in intensive care in a hospital after reportedly suffering a heart attack, according to state-run media.
EBay Inc will buy most of the stake it does not already own in a Turkish auction website, in its latest move to strengthen its main marketplaces business.
U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.
U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.The Dow Jones Industrial Average closed up 1.06 points, or 0.01%, at 12381.11. The Nasdaq Composite shed 8.91, or 0.32%, to 2771.51. The Standard & Poor's 500-stock index slipped 3.71, or 0.28%, to 1324.46. The mixed activity came as investors looked ahead to the first-quarter earnings season, which kicked off unoffic...
The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed on Monday.
Google mystifies with decision to halt Street View photography in Germany for no obvious reasons despite a recent legal victory.
It's the first time China appeared in the top three slot, followed by France, which had 78.95 million arrivals, and the United States, which had 60.88 million.
U.S. stocks fell modestly Friday as investors exercised caution ahead of the potential shutdown of the federal government and the start of U.S. companies' first-quarter earnings reports.
NYSE Euronext's board on Sunday rejected an unsolicited takeover bid by Nasdaq OMX Group Inc and IntercontinentalExchange Inc, and affirmed its plan to merge with Deutsche Boerse AG.
New bank capital rules should be about 30 percent higher than agreed, to prevent a repeat of the last financial crisis, the incoming head of the world's biggest accounting standard setter said on Sunday.
The US dollar has fallen precipitously in 2011. The Dollar Index – which tracks the dollar’s value against a basket of currencies that includes the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc – has fallen to 75.07.
A restructuring of Greek debt is out of the question, Economic and Monetary Affairs Commissioner Olli Rehn said on Saturday.
EU finance ministers on Saturday urged Portugal to commit to reforms and defended the region's austerity steps as tens of thousands of European workers protested in Budapest against spending cuts.
Several euro zone finance ministers told ECB President Jean-Claude Trichet in a conference call last week they have doubts Greece will meet its fiscal targets and suggested Athens restructure its debt, a magazine reported on Saturday.
EU finance ministers Saturday urged Portugal to commit to structural reform and defended the region's austerity steps, as thousands of European workers gathered in Budapest to protest against spending cuts.