A car exploded near the central market of a major city in Russia's restive
North Caucasus region today, killing at least five people and wounding 20,
officials said.
Blow to Goldman’s efforts to put the high-profile fraud case behind it following the bank’s settlement with the US Securities and Exchange Commission probe in July for $550m
Global market overview: Stocks rebound in Asia as eurozone worries recede and investors take relief from US Beige Book, while yen continues to hover near record highs.
All Nippon Airways will launch a low-cost carrier with a Hong Kong-based firm and others, the first Japanese carrier to operate both budget and conventional services.
European stocks retreated from a four-month high as the Federal Reserve said the American economy showed widespread signs of slowing. U.S. futures declined while Asian shares gained.
Sunday's vote to amend Turkey's constitution is shaping up as a referendum on Prime Minister Erdogan, and whether Turks trust him to further development as a Western-oriented democracy.
Australia's competition regulator continued its opposition to National Australia Bank's proposed bid for wealth management firm rival AXA Asia Pacific.
A tropical storm formed off the coast of Taiwan, prompting weather warnings, and is forecast to get stronger before making landfall tomorrow in southern China, the U.S. Navy Joint Typhoon Center said.
The European Commission will next week set out its plans for reforming derivatives markets. The financial sector is worried about possible side-effects.
Trinity Ltd., owner of China retail rights for Savile Row suitmaker Gieves & Hawkes, will add at least 50 stores in smaller Chinese cities as incomes from booming coal and car industries spur demand for luxury clothes.
As CNN reboots in an attempt to revive slumping ratings, the network tapped British TV host Piers Morgan to take over for Larry King, capping months of speculation about a key program in CNN's lineup.
Ireland's troubled banking system became the latest flash point in Europe's continuing economic crisis, as the government said it would split up the weakest of its major banks to stave off a run by depositors.
An Indian court said officials can seek taxes from Vodafone on its purchase of one of the country's largest cellular companies, a decision that could cost Vodafone $2.6 billion.
Ukraine's Security Service questioned a leading member of the political opposition Wednesday in a widening corruption probe focused on allies of former Prime Minister Yulia Tymoshenko.
Goldman Sachs agreed to a fine of nearly $31 million as part of an investigation by the Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.
A tell-all book by a former "Girls Gone Wild" photographer alleges that Paris Hilton once smuggled illegal drugs into Europe using a cigarette box hidden inside her body.
Labor unions vowed to amplify their protests against France's plans to increase the retirement age after President Nicolas Sarkozy said he wouldn't give in on elements of a proposed pension overhaul.
BP’s internal inquiry into the causes of the disastrous oil spill in the Gulf of Mexico provoked an immediate backlash from its contractors on the rig and US politicians who dismissed it as “not BP’s mea culpa”
Greece's austerity-hit economy shrank at an annual rate of 3.7 per cent in the second quarter, a faster pace than previously thought, as consumption slumped. Household spending eroded at a record annual clip of 4.2 per cent in the quarter.
President Nicolas Sarkozy defied French trade unions yesterday, refusing to back down on plans to raise the retirement age despite Tuesday's protests against pension reform.
Hollywood may have abandoned the Western as a movie genre but the spirit of John Ford rides again this week – on an improbable subject in an unlikely place.
The EU cannot stand still to the changing world. Recent experiences have shown that enlargement can be a powerful catalyst for change, write William Hague and Alexander Stubb
Barack Obama acknowledged that the US recovery was ‘painfully slow’ but painted Republican policies as the cause of the weak economy rather than the answer to it
Budapest has bowed to a key European Union demand by agreeing to cut its budget deficit to below 3 per cent of gross domestic product next year, helping to alleviate investor concerns about the country's fiscal position
A top federal prosecutor in New York will declare another front in the war on Wall Street fraud, focusing new resources on civil litigation to complement existing criminal actions.
Sanofi-Aventis SA’s Chief Executive Officer Chris Viehbacher took his case for a takeover directly to Genzyme Corp.’s investors in meetings in New York yesterday, according to two people who attended.
President Nicolas Sarkozy outlined concessions worth €1bn a year to his flagship pension reform but they failed to impress trade union opponents of the president’s plans to raise the retirement age from 60 to 62
President Nicolas Sarkozy outlined concessions worth €1bn a year to his flagship pension reform but they failed to impress trade union opponents of the president's plans to raise the retirement age from 60 to 62
The Irish government has sought to bring to a close the costly bail-out of Anglo Irish Bank with the decision to formally separate the bank’s troubled property loans from itscustomer deposits
The French public is caught in a cloud of anxiety, worried about the future, their jobs and their children. The French president's frenetic reform programme of the past three years had generated unease, even before the global economic crisis struck
Listening to Dmitry Medvedev and Vladimir Putin talk about the country's most pressing political issue – modernising the economy – reveals a significant difference of tone
Dubai has become a magnet for Afghanistan’s smattering of nouveau riche: many invested heavily in the emirate’s seemingly never-ending real estate fairytale
An entire village in southern Siberia was burned to ashes by a new wave of wildfires Wednesday, leaving more than a thousand homeless, authorities said.
Gambling companies won a rare legal victory in their quest to loosen government monopolies in continental Europe when the European Union's top court found that German betting restrictions contravened EU law
Global regulators reached a compromise on capital ratios for banks that will introduce higher capital requirements over a five- to 10-year period starting in 2013
Anglo Irish Bank Corp. will be broken in two as Ireland’s government seeks “finality” on the bailout of the nationalized bank and tries to calm investor concern that the cost will continue to mount.
Germany’s state monopoly on sports- betting and lotteries risks being struck down after the European Union’s highest court said the country’s current rules are incompatible with EU law.
Iceland’s new Economy Minister Arni Pall Arnason wants to make clear to the U.K. and Netherlands his government won’t negotiate a depositor claims settlement at any price and may resort to the courts in pursuit of better terms.
British Prime Minister David Cameron will miss prime minister's questions on Wednesday, his office announced, depriving lawmakers of their first chance to grill him in public since the revival of a scandal involving Cameron's top public relations aide.
French President Nicolas Sarkozy said he won’t retreat on raising the retirement age following nationwide protests by workers, agreeing to only some changes for people in physically demanding jobs.
