London-Greece will need additional financial support from its European partners on top of existing bailouts worth 240 billion euros, a senior German politician said Tuesday.Speaking during an electi...
Los Angeles-Tesla Motors Inc (TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators.T...
New York - Apple is to unveil its next iPhone on 10 September, according to The Wall Street Journal blog AllThings D.The blog cited unnamed sources for its report. An Apple representative declined to...
New York - Struggling smartphone maker BlackBerry said Monday it is examining "strategic alternatives," including the possibility of selling off the firm.The Canadian firm said it had formed a committ...
FRANKFURT - Professional forecasters surveyed by the European Central Bank have again cut their eurozone growth forecasts for this year and next year, the ECB said yesterday. According to the ECB's q...
New York-US regulators have told BP to respond to allegations of natural gas market manipulation and threatened the firm with fines of close to $29m (£19m).BP has 30 days to respond, but said the all...
London-HSBC Holdings Plc (HSBA), Europe's biggest bank, slid in London and Hong Kong trading after profit missed analysts' estimates and Chief Executive Officer Stuart Gulliver said fast-growing emerg...
BERLIN - Germany's flag carrier Lufthansa says it has no immediate plans to reintroduce flights to Harare despite renewed interest and comebacks by other major airlines in recent times, a company spok...
LONDON - Standard Chartered lagged behind a rising London market yesterday as emerging markets uncertainty led Morgan Stanley to turn cautious. The broker cut Chartered to “neutral” ahead of inter...
The US electricity market's overseer has slapped Barclays with a record $470m penalty over manipulating power prices, in the latest heavy regulatory sanction against the UK bank. The Federal Energy Re...
Standard Chartered was a faller yesterday as a move by India to tighten liquidity raised concerns about the strength of its loan book. Chartered lost 2.8 per cent to £15.04 after the Reserve Bank of...
The bank that blazed a trail across African borders to build the continent's most geographically diverse network is in the throes of a bitter boardroom battle over outstanding debts owed by businesse...
Washington -Tablet prices are plunging amid a flood of new devices and cutthroat competition for market share.Amazon has slashed prices of its Kindle HD tablets to as low as $169 (R1 673) in the US a...
THE National Union of Mineworkers (NUM) will start a strike from this evening at four De Beers businesses in South Africa, including three mines, the union said.De Beers, the world’s largest produce...
Two more Portuguese ministers from the junior ruling coalition party were ready to resign on Wednesday, local media said, deepening turmoil that could trigger a snap election and derail Lisbon's exit ...
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that air travel continued to expand at a healthy rate. Growth was led by emerging markets...
The Federal Reserve warned US banks to expect a new raft of regulations on top of the Basel III capital regime it implemented on Tuesday. At a board meeting in Washington, Fed officials led by chairma...
Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday. Th...
British Airways will start testing an electronic baggage tag which could remove the need for a new paper tag each time a traveller flies and speed up passenger check-in times at the airport.Passengers...
Washington - The White House has assembled a short list of candidates to succeed Federal Reserve Chairman Ben Bernanke, a source familiar with the process said last week, and US Treasury Secretary Jac...
New York - For only the fourth time in history, there will be a new $100 bill.America's Federal Reserve announced that after a three-year delay due to slower-than-expected production there will be an ...
London - Canadian Mark Carney begins his job as governor of the Bank of England on Monday, joining an institution divided on whether to pump out more cash stimulus to boost Britain's fragile economic ...
London - A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clark...
Morgan Stanley (MS) completed its purchase of a brokerage joint venture with Citigroup Inc.'s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.Mo...
DOHA - Qatar's emir Sheikh Hamad bin Khalifa al-Thani said on Tuesday he was transferring power to his son, Crown Prince Sheikh Tamim, taking the rare step for a Gulf Arab ruler of voluntarily ceding ...