While the United States remains the world's most competitive economy, it risks falling into economic recession like Japan in the...

The Seoul government has said a free trade pact with the United States will help South Korea weather tough economic times...

Eleven Chevron employees have been kidnapped in...

KLM-Air France is once again raising the surcharge passengers must pay to compensate for the increase in oil prices....

After several years in planning and construction, Terminal 3 in Changi Airport, Singapore opened for scheduled flights in January....

Housing shortages in Abu Dhabi are due to ease within the next three years as construction under way provides a new supply of units to the...

Indonesia's island resort of Bali will soon have a modern and permanent port for foreign cruise...

White House officials claim high global food prices will linger for two to three years while the world replenishes food...

Hong Kong's government is calling on foreign fund managers to tap the huge domestic savings of...

Zimbabwe has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant...

US stocks rallied Wednesday after government data showed consumer prices had risen less than...

LONDON (MarketWatch) - European shares held in a tight range on Thursday as a mostly downbeat set of earnings from the hard-hit financial sector offset strong performances elsewhere from companies...

News ) - Wall Street looked to extend its advance Thursday ahead of government data on industrial production, housing and jobless claims that might deliver more insight about the economy's...

will not realize meaningful earnings growth until 2012, at the earliest, and that the $5.5 billion capital raise it announced Wednesday will not be...

Fortune 500 ) plans to sell its appliance division, according to a published report. The sale of the unit could bring in between $5 billion and $8 billion, the Wall Street Journal said.In global...

Shares in NEC Electronics jumped 14 percent to 2,475 yen. As the market closed, the chips maker's parent computer and network equipment maker said its profit for the fiscal year through March more...

TOKYO (AP) -- Sony shares jumped nearly 9 percent in Thursday trading in Tokyo, a day after the Japanese electronics and entertainment company released upbeat earnings that included a record fiscal...

Building materials group Kingspan has repeated that it expects a drop in earnings this year, hit by slowing growth in Ireland and the UK. In a trading update ahead of its AGM today, it says that...

FAIRFIELD, Conn. - General Electric Co. plans to auction off its Louisville, Ky.-based appliances business, the Wall Street Journal reported Wednesday. GE has hired Goldman Sachs Group Inc. to...

MAKATI CITY, Philippines -- SAP Philippines is going after a market that Microsoft has dominated following the unveiling of a new set of pre-configured business software and hardware bundled to...

MANILA, Philippines -- (UPDATE) Shares closed higher on Thursday, extending a rally for the seventh straight session after Wall Street rose overnight following better-than-expected US inflation data...

, Thursday said that the groups' 2008 performance continues to benefit from the diversification of its business in recent years. In Global Retail and Commercial Banking, its U.K. businesses...

Dubai: Citigroup Inc. is expanding its debt markets business in Dubai by transferring its co-head of Europe, Middle East and African capital markets from London. Atiq Rehman, appointed co-head of the...

BNP Paribas SA, France's largest bank, ING Groep NV, the biggest Dutch financial-services company, and Dexia SA, the world's largest lender to local governments, reported lower first-quarter earnings...

Here's what has changed: the proliferation of energy trading desks on Wall Street and at hedge funds. There are more than 9,000 hedge funds with $1.5 trillion under management, according to the...

) said fiscal fourth quarter to March 31 adjusted pretax profit rose 3% to 714 million pounds ($1.39 billion), with revenue up 2% to 5.42 billion pounds. Its adjusted EBITDA of 1.57 billion pounds...

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive...

Office for the Mac , although probably not until 2011, a company manager said yesterday. VBA will return in the next version of Office, said Kurt Schmucker, group product manager in Microsoft's Mac...

HILLSBOROUGH -- Plans for the development of Buckhorn Village -- a sprawling shopping center proposed for the western part of the county -- were a "slap in the face" to some members of the...

Research ), Japan's biggest maker of telecommunications network equipment, more than doubled its annual profit, helped by cost cuts and a healthy outsourcing business but its outlook for a 54 percent...

All BusinessWire news GPC Biotech AG (Frankfurt Stock Exchange: GPC; NASDAQ: GPCB) today reported financial results for the first quarter and three months ended March 31, 2008. First quarter 2008...

MUMBAI -- Moody's Investors Service said Philippine banks' reliance on remittances from the country's overseas workforce provides enhancements to earnings stability and credit quality over the near...

Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming...

Britain's third-biggest bank said on Thursday the writedown for Barclays Capital was net of a 700 million pound gain on the fair valuation of debt it carries on its own books. The writedown was less...

Reporter went undercover in British mosques Dispatches: Undercover Mosque was broadcast in January last year and featured alarming excerpts from preachers and teachers. speakers in the programme...

NEW YORK (Reuters) - More than four years after the meltdown of Italy's Parmalat SpA, the food company is set to begin presenting its case to a U.S. jury on Thursday accusing Citigroup Inc of playing...

Research ), France's biggest retail bank, said on Thursday it would sell off assets and restructure its Calyon investment banking arm as it confirmed a 5.9 billion euro ($9.1 billion) rights...

Across the industry generator sales had been brisk, but since Eskom suspended load shedding sales had slowed, it was reported earlier this week. But Friese said Austro had seen an increase in...

All PR Newswire news SAO PAULO, Brazil, May 15 /PRNewswire-FirstCall/ -- General Shopping Brasil S/A [Bovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces its first...

, the world's biggest brewer, beat forecasts with a 19 percent rise in annual earnings but added beer volume growth in its current first-half will be hit by high input costs and high comparative...

All PR Newswire news In the news release, "Fuwei Films Announces First Quarter 2008 Financial Results", issued yesterday, May 14, by Fuwei Films (Holding) Co., Ltd. over Xinhua PR Newswire, we are...

May 15 2008 by Aled Blake, Western Mail BANKING giant Lloyds TSB has come under attack after announcing plans to move the jobs of 250 full time technology staff to India. Unite said the decision...

GENEVA -- The United States topped world competitiveness rankings for the 15th straight year, but its economy is showing the same signs of weakness that sank booming Japan in the early 1990s,...

PARIS -- Airbus parent EADS said Wednesday that it returned to profit in the first quarter as the company increased deliveries and cut costs, helping offset the weaker dollar.The European Aeronautic...

May 3, 2008 San Francisco - Microsoft and Yahoo began takeover talks Friday with the US software giant open to raising its $44.6-billion bid for the struggling Internet pioneer, a source close to the...

SEOUL/LONDON -- Tesco Plc, the UK's biggest supermarket company, agreed to buy South Korea's Homever chain for 958 million pounds (US$1.9 billion), boosting sales by about a third in its most...

All PR Newswire news The calculation of diluted net income per Trust Unit excludes all series of convertible debentures for the three months ended March 31, 2008 and 2007 as the impact would be...

Research ) chairman said on Wednesday the global insurer's board is backing Chief Executive Martin Sullivan despite some anger from investors over two quarters of record...

SAN DIEGO – Stoked by surging natural gas prices, San Diego's Sempra Energy has completed its new Baja California liquefied natural gas terminal – opening the first LNG import facility on...

China Housing & Land Development, Inc. Announces First Quarter 2008 Financial Results on Wednesday, May 14, 2008 with Conference Call Scheduled for 8:00 a.m. on Friday, May 16,...