Glencore International PLC (LON: GLEN), a commodity trading company based in Baar, Switzerland, has said it is prepared to bow out of talks to buy Xstrata PLC (LON: XTA) rather than give in to a demand for more money from a major shareholder of the giant mining company.
News of the Paypal co-founder's exit comes a day after several of Groupon Inc's [NASDAQ: GRPN] largest early investors sold their stock in the troubled online voucher site.
Peru's government on Wednesday began a 30-day state of emergency to help it gain control of chronic violence against mining companies, most recently a riot that left three people dead and many wounded.
Infosys Technologies, India's IT services major got a major reprieve on Monday, as an Alabama judge dismissed a whistleblower harassment case against it, but second similar case and criminal probe on Visa fraud against the company remains.
Seven Israeli teenagers were in the custody of Jerusalem police Monday in connection with the recent assault on Palestinian youths at West Jerusalem's Zion square which the Israeli authorities described as "lynching."
India's retail inflation rate dropped marginally to 9.86 percent in July from 9.93 percent recorded in June, according to the data released by the Ministry of Statistics and Program Implementation.
While some may see the made-for-television national political conventions as a colossal waste of time and money, analysts have been busy crunching numbers to figure out which way these carefully choreographed productions will impact the stock market.
A militant attack on a U.S. airbase in Afghanistan early Tuesday damaged the aircraft of the top military officer of the U.S. and injured two maintenance crews, security officials said.
Meles Zenawi, the influential prime minister of Ethiopia died Monday at the age of 57 from an undisclosed illness ending weeks of speculation about his health, the Ethiopian state television announced Tuesday.
Germany's central bank warned Monday that Europe's biggest economy could be stressed by the continent's endless financial crisis, with signs of a slowdown building even as it is being relied on ever more to prop up its neighbors
Missouri Rep. Todd Akin and British politician George Galloway are worlds apart politically and geographically, but when it comes to rape, they are equally clueless
Ankara believes that the Damascus regime may be supplying arms to PKK.
Surface to air missiles could give a big boost to the Free Syrian Army, but introducing the weapons runs the risk of delivering them into the hands of terrorists as well.
The White House today said that the US would spring to action in Syria if Assad uses chemical weapons.
Egyptian president Mohammed Morsi will visit Iran at the end of August, the first time an Egyptian leader has visited Iran in more than 30 years.
Only one percent of the U.S. population serves in the military today.
Pakistani authorities feared that militants would use mobile service to coordinate attacks or detonate a remote-controlled bomb.
Massachusetts senator Scott Brown is urging Missouri Senate nominee Todd Akin to resign after having said that women are less likely to become pregnant from "legitimate rape."
Kansas Republican Kevin Yoder has apologized for swimming nude in the Sea of Galilee last August while on a trip paid for by the American Israel Educational Foundation -- an organization sponsoring these trips to "help educate political leaders".
The reason that Mitt Romney will release his 2011 tax return only two months from now is because he's waiting for the Internal Revenue Service to finish processing it, a top adviser said on Sunday.
The move to ease media censorship raises hopes that Thein Sein?s government will continue to make further reforms in order to put Burma on a firm path towards democracy.
Neighbors of the man told Czech media that they believe he is mentally ill, but does not appear to be an extremist.
Details of the incident are murky, but one thing is clear -- had it not been for the girl's arrest, she might not be alive Monday.
Internet finance mogul Marc Andreessen, who invested $40 in the company months before it went public last November, has cashed out, while investors Fidelity and Maverick Capital have sold a large portion of their shares.
The death penalty, with a two-year reprieve, usually equates to a life sentence in China. Under the terms of the sentence, Gu will be spared execution if she does not commit any further crimes in the next two years.
Beni Prasad Verma, Indian Minister for Steel, remarked Monday that inflation was good for the country as it would benefit the farmers. His pithy observation has given the opposition parties more meat to attack the government.
The Israeli Defense Force has deployed an Iron Dome air defense system in the town of Eilat to intercept and destroy rockets, days after the town along the Egyptian border came under rocket fire, a military spokesperson said Monday.
India will present Pakistan with the proof of the involvement of Pakistani-based groups in fueling communal sentiments in India using social media and cellphone networks.
The grisly scenes unfolding in the far-flung northeast may fan communal politics in a country where simmering tensions between Hindus and Muslims have often been exploited for electoral gain.
The verdict is out. The wife of disgraced Chinese political heavyweight Bo Xilai gets death (but not really) for the murder of Neil Heywood