U.S. Treasury Secretary Timothy Geithner on Tuesday called on the International Monetary Fund to provide rigorous surveillance to spot new investment bubbles and keep country foreign exchange policies in line with goals to rebalance the global economy.
Britain's The Independent newspaper said on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Firms ranging from airlines to agribusiness would be exempt from new rules on compulsory clearing of derivatives transactions under a bill in Congress aimed at tightening oversight of the financial system.
A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday.
The world's first wind-up mobile phone has been created by the British firm TCL and is scheduled to launch in the first half of the next year, Telegraph reported on Monday.
A group of U.S. House of Representatives Republicans urged the Federal Communications Commission to conduct a market analysis before proposing a new rule to maintain an open Internet.
Corrects word in fifth paragraph to lawful, not unlawful, as previously sent
Activision is planning a Guitar Hero application for the iPhone and exclusive tracks specifically for new video games Band Hero and DJ Hero, Telegraph reported on Monday.
A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday.
Brazil's stocks rallied on Monday, extending the previous trading session's gains when Rio de Janeiro won the bid to host the 2016 Olympics.
Conde Nast will close four magazines -- Modern Bride, Elegant Bride, Gourmet, and Cookie -- following a review the publisher undertook to find ways to reduce costs and staff in the face of a slump in advertising.
Firms ranging from airlines to agribusiness would be exempt from new rules on compulsory clearing of derivatives transactions under a bill in Congress aimed at tightening oversight of the financial system.
California and three other states were among the first recipients of more than $6.8 million in grants to map broadband use in U.S. homes, the Commerce Department said on Monday.
Conde Nast will close four magazines -- Modern Bride, Elegant Bride, Gourmet and Cookie -- following a review the publisher undertook to find ways to cut costs and staff in the face of the advertising recession.
The Aussie dollar rallied in local trade yesterday following some relatively upbeat comments out of the G7 and another strong reading in the ANZ job advertisements. After opening the weeks trade around 0.8650 investors flocked to the AUD ahead of today's RBA interest rate meeting with some sections of the market expecting a rate increase.
Stocks bounced back from a four-day losing streak on Monday, as optimism about upcoming earnings gathered steam and data showed the economy's critical services sector expanded for the first time since August 2008.
The U.S. service sector grew in September for the first time in more than a year, creating jobs in banking and restaurants and giving a fresh sign that the economy is healing after doubts cast by recent poor data.
Stocks rose on Monday, ending a four-day losing streak as data showed the services sector expanded for the first time since August 2008 and optimism about upcoming earnings took hold.
CIT Group Inc is looking at increasing the size of a $3 billion loan it took in July to meet funding needs as the troubled commercial lender restructures, a source familiar with the matter said on Monday.
The International Monetary Fund is evolving into a central clearing house that will help manage the global economy, the head of the IMF's policy-steering committee said Monday as nations debated the lender's future role.
U.S. network equipment maker Cisco Systems Inc expects to continue on the acquisition trail after last week's agreed $3 billion offer for Norwegian videoconferencing company Tandberg.
A guilty plea in a tax case related to the ongoing criminal investigation of U.S. clients of UBS AG is expected later on Monday, a government official told Reuters.
Stocks snapped a four-day losing streak on Monday, after a broker issued a bullish call on big banks and as data showed the services sector expanded for the first time since August 2008.
Bank of America Corp will spend as much as $20 million in the fourth quarter of 2009 to relaunch Merrill Lynch's name and long-time bull logo.
U.S. stocks rallied on Monday, lifted by positive broker comments on big banks and data showing the services sector expanded for the first time in about a year.
Oil fell to around $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
Economic activity in the U.S. non-manufacturing sector (services sector) grew in September for the first time in 11 months according to a survey of purchasing and supply executives by the Institute for Supply Management.
Activity in the U.S. service sector expanded in September for the first time since August 2008, while employment in the sector also improved, the Institute of Supply Management said on Monday.
Oil fell to below $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
