Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt restructuring.
Venezuela on friday outlined a plan to guarantee the distribution of food in case of any energy crisis in the country. The Venezuelan government and food producers have outlined the plan that involves reducing water use and investing to make food producers self-sufficient in energy within 90 to 360 days.
A new platinum model of a famous classic car worth over £50,000 has been launched by a Japanese jeweller. Tomica, a line of die-cast toy vehicles, is celebrating its 40th anniversary this year and to celebrate, Ginza Tanaka has produced a version of the Nissan Fairlady Z 432.
Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt-restructuring plan.
The revelation that an ex-employee of HSBC Holdings Plc stole tens of thousands of its Swiss accounts is likely to give U.S. tax authorities fresh clues in their pursuit of wealthy tax cheats abroad.
UBS is considering possibly returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS's investment bank.
Accused Galleon fund founder Raj Rajaratnam and his main co-defendant want separate trials on charges they were involved in what prosecutors describe as the biggest hedge fund insider-trading case ever in the United States.
Ever since the fraud at U.S. energy trader Enron Corp brought down accounting firm Arthur Andersen eight years ago, global auditing firms have worried that a major misstep could be fatal.
The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.
The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six imperatives.
The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days.
Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy.
On Wall Street, massaging the balance sheet is a time-honored practice.
Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.
The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday.
The court appointed examiner of the Lehman Brothers Holdings Inc. bankruptcy said the company 'doubled-down' on risky trading activity in 2007, exceeding its own limits as the sub-prime mortgage business was developing into a crisis.
Lehman, the failed investment bank whose 2008 collapse shook the world financial system, is in the spotlight again over the allegedly improper use of repos to understate leverage. The allegations were brought to light in the firm's bankruptcy examiner's report.
Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book Liar's Poker, says Wall Street bonuses at banks bailed out by Washington are a very elegant form of theft.
San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.
The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week.
Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold.
The S&P 500 failed to sustain any meaningful rally on Friday, closing the day essentially flat before the Fed Reserve interest rate decision and statement next Tuesday.
Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.
U.S. retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
Mixed consumer and retail data kept stocks near break even on Friday, but major indexes edged higher for a second straight week.
During the U.S. Session, global assets made little progress as economic data failed to impress the market.
San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be nominated by President Barack Obama as vice chair of the central bank, a senior administration official said on Friday.
U.S. stocks stayed steady on Friday as data showing retail sales rose unexpectedly last month was offset by weaker consumer sentiment, sending mixed signals about the economic outlook.
Private equity firm Kohlberg Kravis Roberts & Co has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to become a publicly traded U.S. company.
