Shares in UBS on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again.
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Oil rose toward $71 a barrel on Thursday as a surprising return to economic growth in France and Germany fed optimism the world was through the worst of the recession, offsetting bearish U.S. inventory data.
U.S. carrier Delta Air Lines Inc and the Atlanta airport are close to a lease agreement that would pave the way for an $800 million bond sale, the biggest such offering in the U.S. this year, Bloomberg reported, citing people familiar with the talks.
Asian stocks and commodities rose on Thursday after the Federal Reserve said it spotted stability in the U.S. economy, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Asian stocks and commodities rose on Thursday after the Federal Reserve said the ailing U.S. economy was showing signs of leveling out, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Up to 90 percent of all voice call and Internet services from parts of East Asia that were disrupted after Typhoon Morakot damaged undersea cables will resume by the end of Thursday, a senior Chunghwa Telecom official said.
Citigroup Inc has been forced by U.S. regulators to hire external consultants who will consider whether the New York company's current management is capable of leading it out of financial crisis, the Financial Times reported on its website.
When Wal-Mart Stores Inc reports second-quarter results on Thursday, it will provide a much-awaited glimpse into the state of consumer spending as measured by the billions of dollars that flow through its cash registers every quarter.
Oil rose toward $71 a barrel on Thursday as renewed optimism that the U.S. economy was through the worst of the recession offset bearish inventory data showing continued weak demand in the world's largest oil consumer.
President Barack Obama on Wednesday awarded the nation's highest civilian honor to 16 recipients during a ceremony in the White House.
The newly formed U.S. commission to investigate the causes of last year's financial meltdown will have its first public meeting in Washington on September 17, the chairman, Phil Angelides, said on Wednesday.
Australian Dollar: Local investors were slightly disappointed by yesterdays Westpac Consumer sentiment index release sending the Aussie dollar down from early morning levels around 83 cents.
The Federal Reserve said on Wednesday the U.S. economy was showing signs of levelling out two years after the onset of the deepest financial crisis in decades and it moved to phase out one emergency measure.
Citigroup Inc's contract with an energy trader who may be owed up to $100 million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.
Ensuring justice in last November's Mumbai attack is a high priority for President Obama and the United States will keep pressing Pakistan for action against its planners, a top U.S. diplomat said on Wednesday.
Former U.S. President Bill Clinton launched a free guide on Wednesday to the New York City neighborhood of Harlem where authorities say more than one third of small businesses have closed amid the U.S. recession.
Private equity firm Blackstone Group plans to sell bonds in the private placement market through a unit called Blackstone Holdings Finance, the firm said on Wednesday.
The U.S. coal business of miner Rio Tinto PLC submitted a new application on Wednesday for an initial public offering of up to $500 million.
Mexico's national team retained its never defeated at home by the U.S title on Wednesday beating the American national team 2 to 1 in front of 100,000 at the packed Azteca stadium in Mexico City.
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap protection it bought from the insurer on companies including General Motors and Washington Mutual.
