Home prices in nearly half of China's major cities fell in February from the year-ago period, as Beijing showed its determination to tame the property market.
Nigeria's super rich are no strangers to conspicuous consumption, and there's no better way to flaunt your wealth than by buying a brand new European sports car.
Apple Inc. (Nasdaq: AAPL) downloaded $45 billion, to borrow a phrase from the Financial Times, to its shareholders Monday, lifting both its own stock and the already buoyant broader market.
The conclusion is that the equity market is cheap relative to earnings. Hence, the market is priced to absorb a potential softening in earnings rather than being priced to perfection.
The European Commission is widening its regulatory sweep to include "shadow" banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector blamed for helping trigger the financial crisis.
When the late Steve Jobs had a will, he often got his way. That's why Apple hasn't paid a dividend since 2005.
U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.
The owners of the New York Mets settled a lawsuit Monday with Irving Picard, trustee for victims of Bernard Madoff's Ponzi scheme, for $162 million, avoiding a potential costly trial.
The head of the Federal Reserve's New York branch said the U.S. economy isn't in the clear yet, but recent data have been a bit more upbeat, giving investors renewed hope of a fresh round of quantitative easing.
Apple, whose stock is currently trading at $585, has announced that it will be holding a conference call on Monday morning to discuss the company's plans for its approximately $100 billion in cash reserves.
Colombia was one of the best performing emerging markets last year, growing by around 6 percent, and it should continue to do well over the coming years. However there are three reasons to think that the current pace of growth is unsustainable according to Capital Economics.
Apple Inc. said it would host a conference call on Monday morning to discuss the outcome of discussions about its cash balance as investors clamor for a return from its massive holdings.
To date, the 2012 Republican Party presidential-nomination process has been dominated by a faction that wants to nominate a conservative, but the least conservative candidate remains the GOP’s strongest: Mitt Romney.
According to market figures released by research firm IDC, China is bound to overtake the U.S. in smartphone shipments by the end of 2012, becoming the leading market. IDC’s latest Worldwide Quarterly Mobile Phone Tracker forecast that China’s smartphone market will climb from 18.2 percent in 2011 to 20.7 percent in 2012, while U.S.’ market would drop from 21.3 to 20.6 percent over the same timeframe.
Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.
The potential growth rate in Japan is low due to a shrinking population as well as slow capital accumulation and without acceleration in productivity growth a shrinking labor force will cause GDP to contract, although GDP per capita is likely to continue to rise according to Capital Economics.
Earlier this week, Cumulus Media sent out an email blast to fellow radio station owners with a photoshopped picture of former U.S. Presidential candidate Mike Huckabee, promoting him as the conservative talk radio host of the future.
Seven employees from a non-profit organization created by Newmont Mining's Peruvian subsidiary have been detained by townspeople near the company's stalled $4.8 billion Conga mine, the group said on Friday.
Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the FederalReserve withheld additional easing amid a string of encouraging U.S. economic data.
The Hermitage Plaza twin tower received planning permission last week, ushering in a new wave of skyscraper building in Paris's La Défense.
Scientists are better able to study cells thanks to an inkjet printer modified to print cells
Hedge fund manager Philip Falcone's LightSquared has lost its main business partner, Sprint Nextel Corp , which returned $65 million in payments to the telecommunications startup.
