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Stocks set for higher open

Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.

Stock futures rise as Barclays adds to bank optimism

Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.

UBS proposes ZFS, ABB execs for board

Switzerland's UBS, the world's largest wealth management company in terms of assets, proposed three new candidates to its board of directors on Monday.

Tapping a Muslim online community

Shabana Ahmadzai, 19, and Sara Bahmanpour, 20, like to hang out on a social network a fraction the size of Facebook. Their portraits enhanced by makeup or anime images, the women are logging on at Muxlim, a lifestyle community for Muslims.

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World Bank urges divided G20 to fix banks

More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.

Tax havens agree to crack open the vault

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.

European tax havens make concessions on bank secrecy

Litvinenko suspect may run for mayor of Olympic city

Britain's main suspect in the London murder of dissident Alexander Litvinenko is likely to run for mayor in the Russian city hosting the 2014 Winter Olympics, according to an announcement by his party on Friday.

G20 rift deepens ahead of crisis response talks

Japan joined the U.S. push for more government spending to fight the economic crisis on Friday but G20 unity looked seriously compromised after Paris accused Washington of disregarding the urgent need for tough market regulation.

U.S. biodiesel makers say EU fees will kill exports

U.S. biofuel producers said the EU's anti-dumping tariffs will kill their exports of the alternative motor fuel into Europe and force them to seek domestic and other global customers.

China says can spend more; U.S. banks cheer markets

China said it was ready to pump more money into its economy and saw a pick-up in trade, offering another glimmer of hope for the battered global economy as signs that big U.S. banks may be turning around lifted world stocks.

U.S. business leaders say hobbled by healthcare costs

U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.

Online networking more popular than email

Are you spending hours and hours on Facebook? If so, you are not alone.

BMW posts sharp loss, VW sees worse ahead

The economic crisis threatening to topple global automakers rocked two of Europe's biggest on Thursday as BMW posted a surprise fourth-quarter operating loss and Volkswagen warned of worse ahead.

Asian shares retreat as rally proves fleeting

Japanese shares fell more than 2 percent on Thursday and other Asian markets were on the defensive as confidence in a rally this week proved fleeting in light of a shaky global economy and financial system.

World economy seen shrinking as G20 meeting looms

The global economy may shrink 1-2 percent this year, World Bank President Robert Zoellick said, as revised Japanese data confirmed the world's No. 2 economy suffered its deepest slump since the oil shock of 1974.

Air Asia X takes off in UK

Low-cost long-haul flights have returned to the UK with the launch of Air Asia X services from London to Kuala Lumpur.

CORRECTED: Geithner to tell G20 to spend more on crisis

U.S. Treasury Secretary Timothy Geithner said on Wednesday that Group of 20 nations need to boost spending for as long as necessary to counter a severe financial crisis.

Toyota to cut UK staff pay and hours by 10 pct

The British arm of Toyota Motor Corp is to cut UK staff pay and working hours by 10 percent to save money in the face of a sharp downturn in global demand, the Japanese auto maker said on Wednesday.

Vodafone to offer restriction-free music service

Vodafone, the world's largest mobile phone group by revenue, is to sell music without any anti-piracy protection in a deal that will allow users to listen to songs on any digital device.

IMF chief says bank cleanup too slow

The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said on Wednesday.

Nokia launches 3 music phones

Nokia unveiled three new music phones on Wednesday and laid out further expansion plans for its music service as the world's top cell phone maker seeks additional revenue streams.

China exports slump; IMF warns on toxic banks

A drop in Chinese exports and falling prices in Japan and Germany underscored the weakness of the world economy, while the IMF said governments are moving too slowly to rid banks of their toxic assets.

China exports slump; Citi cheers investors

China's exports tumbled in February and Japan's wholesale prices fell by the most in six years, stark illustrations of a bleak world economy even as Citigroup boosted investor confidence in the banking sector.

Citigroup cheers markets but economies still bleak

Citigroup said it was profitable in the first two months of 2009 and Toshiba was reported to be set for an operating profit of $1 billion next year, two rare shards of corporate news to lift markets.

Global stocks rally on Citi memo

The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.