Illinois officials raised the tax rate in January to deal with the state’s massive budget deficit.
India reached 66 percent of its full-year fiscal deficit target just five months into the financial year, reinforcing worries about its ability to stick to the budgeted target for the year that ends in March.
General Electric Co (GE.N) may lease costly vehicle batteries to electric-car buyers, joining other companies looking to get more people to buy alternative-energy automobiles.
Nigeria's Union Bank on Friday became the last lender rescued in a $4 billion 2009 bailout to get recapitalisation approval, bringing to a close a reform programme set-up two years ago to end the country's banking crisis.
Morocco's antitrust authority pledged total even-handedness in dealing with businesses owned by the monarchy, but exception may be made in sectors that help preserve social stability and firms that are leaders in other sectors, its head said in an interview.
China and Tanzania have signed a $1 billion loan agreement to build a major natural gas pipeline in east Africa's second-biggest economy, a Tanzanian newspaper quoted the country's energy minister as saying on Friday.
Although the global economy is struggling to avert a recession, we also know that central banks are working very hard to provide sufficient liquidity to ensure a smooth ride through year-end.
Central banks' gold buying is lifting the price of the precious metal in a trend that analysts expect to continue even if widespread predictions of a price rise to $2,000 by year-end comes true.
Kobe Bryant has reached a verbal agreement with Italian basketball club Virtus Bologna to play for them during the NBA lockout.
Global miner Rio Tinto is fighting a legacy of bad publicity as it tries to persuade the Mongolian public a $10 billion copper deposit it took over from Ivanhoe Mines last year is in safe hands.
Can Congress increase the income tax on the wealthy? It can if the latest Bloomberg Poll is any indicator -- global investors overwhelming support President Barack Obama's proposed tax increase on adults with adjusted gross incomes of $1 million or more annually.
Stock indexes fell more than 1 percent at the open on Friday, putting equities on track for their fifth straight monthly decline, as China's manufacturing shrank and stirred fears the global economy was slowing.
NBA All-Star Kobe Bryant was on the verge of making a remarkable move to the modest Italian basketball arena on Friday after Virtus Bologna president Claudio Sabatini described the deal as 95 per cent done.
Flashed on the side of a building here in Shanghai's historic Bund district, an image shows a giant ship named Hony, setting sail from China, traveling past the Statue of Liberty, past Big Ben, and bringing home crates of golden coins.
Gold prices gained steadily if modestly Friday as demand from India and bargain hunting offset a resumption of investor flight to dollar liquidity.
Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative.
Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.
Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.6 to 0.8 percent.
European stock index futures fell Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.
The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion pounds ($1.57 billion).
Gold jumped more than 1 percent on Friday after Germany's approval for expanding the euro zone bailout fund offered temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
Asian stocks fell Friday, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008, with Chinese shares racking up sharp losses.