Britain's FTSE 100 index remained steady on Thursday, with an increase in commodity stocks due to speculations for M&A and higher raw material prices.
Apple co-founder and CEO Steve Jobs has been named as the most powerful businessman by Fortune magazine in a list which also features Lakshmi Mittal, Indra Nooyi and Ratan Tata.
Worldwide distributor of plumbing and heating products Wolseley Plc has announced the axing of 3,000 jobs today in its first Interim Management Statement.
Toyota Motor Corp (7203.T) said on Wednesday it would recall 215,020 units of the Lexus GS, Crown and three other high-end car models in Japan to fix a faulty fuel pipe that could lead to a fuel leakage.
World stocks steadied while the dollar hit one-week highs on Wednesday as investors took heart from firmer U.S. stock futures and banking stocks, which calmed investor jitters about the impact of the credit woes on the financial sector.
UK car dealer Pendragon has issued its second profit warning in five months, saying the company expects to miss full year profit targets by £12 million.
Tata Motors, a group company of India's leading tea-to-truck business conglomerate is reportedly ahead in the race to acquire ailing U.S. automaker Ford Motor Co.'s British luxury car brands Land Rover and Jaguar which was put up for sale earlier this year.
An Indian film will be released officially Friday in Pakistan, a first for two countries that have banned each other's films for more than three decades.
The British Government has come under yet more criticism today after the National Audit Office (NAO) said that it could have got the taxpayer “more money†from the partial sale of defence firm Qinetiq. Qinetiq was sold by the Ministry of Defence (MoD) to US based private equity group Carlyle in 2003 for £42 million.
Almost all the 154 passengers and crew from a cruiseliner sinking in the Antarctic Ocean have escaped onto life rafts, a British coastguard spokesman said on Friday.
UK union leaders at Ford Land Rover and Jaguar brands have voted to support a Tata Motors bid for the brands if Ford sells them, UK union Unite said.
Pakistan's Supreme Court, stacked with judges friendly to President Pervez Musharraf, on Thursday threw out a final challenge to his re-election and paved the way for him to quit as army chief.
Britain's biggest clothing retailer, Marks & Spencer Group Plc., is planning to set up a joint venture in India, the Economic Times reported on Monday.
Stricken British bank Northern Rock (NRK.L) has received more rescue proposals, but warned that one of them contemplated an offer well below Tuesday's closing price, sparking a new slide in its shares on Wednesday.
Deutsche Telekom's T-Mobile will allow customers in Germany to buy Apple's iPhone without having to sign a T-Mobile contract after rival Vodafone obtained a court injunction against it.
Dubai raised almost $5 billion selling a stake in port operator DP World in the Middle East's largest IPO, setting the scene for perhaps the biggest test for the emirate's two-year-old bourse where the shares will trade.
Northern Rock shares fell over uncertainty about the bank’s price on Tuesday after a pair of suitors submitted bids for the embattled UK bank.
World stocks rebounded on Tuesday and the dollar fell sharply, hitting new record lows against the euro and Swiss franc, as speculation swirled that the U.S. Federal Reserve would meet to cut interest rates.
India's Strides Arcolab and South Africa's Aspen on Tuesday struck multiple deals -- three for acquisitions and a cancer drugs joint venture -- boosting Strides' shares 20 percent.
Deutsche Telekom's mobile unit T-Mobile is coming under fire from competitors over its exclusive sales deal for Apple's iPhone in Germany.
U.S. buyout firm JC Flowers submitted an offer for Northern Rock, according to a person familiar with the situation, as shares in the stricken British bank tumbled on fears that any offers will be low. JC Flowers' proposal includes an offer to Northern Rock shareholders at a nominal value, the person told Reuters.
Three major Chinese banks revealed have unofficially looked into acquiring a stake in UK-based Standard Chartered Bank, approaching Singapore's state investment agency for discussions about acquiring its 17 percent stake in the bank, according to a report.
