Some of Europe's biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil.
As the eurozone's financial crisis drags past its second year, Germany's powerhouse economy has kept the bloc from sinking into a double dip recession.
As a serial entrepreneur and dotcom millionaire, Neil Patel can afford to be picky about his choice of luxury residence.
Eva Wu has kept her son's room unchanged ever since he died in January of 2011. Cornald passed away from a rare form of cancer, known as PEComa, at age 17. Divorced and single, Wu recalled his optimism even in his final days.
The euro tumbled to its lowest level in almost two years as investors dumped riskier European equities amid signs that policymakers were bracing for the financial turmoil that could be unleashed by a Greek exit from the eurozone.
European leaders put off any decisions on shoring up the region's banks at a late-night summit on Wednesday despite rising concerns that instability in Greece was undermining confidence in the eurozone's financial sector.
Germany refused to share the debt burden of stressed eurozone peers on Tuesday, ignoring two of the most influential international economic bodies which offered support for proposals championed by Paris, Rome and Brussels ahead of a summit.
The Organisation for Economic Co-operation and Development has joined French and EU officials in calling for a move towards jointly-guaranteed eurobonds at a time it sees as perilous for the global economy.
The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit reduction if these measures do not work.
For years the word "permatemp" has sent shivers down the spines of professionals around the world, who fear they will never be able to land themselves a permanent job.
Months after announcing the reintroduction of the low-cost Datsun brand -- to be assembled in Indonesia -- Nissan Motor Company on Tuesday moved its global headquarters for its luxury Infiniti line to Hong Kong to be closer to the red-hot Chinese luxury market.
Wen Jiabao, China's premier, paved the way for a fresh round of pro-growth policies at the weekend, triggering a surge in Asian and commodity markets anticipating a burst of stimulus measures in the world's second-biggest economy.
The wheels are coming off the wagon. The fat lady is about to sing. The proverbial is about to hit the fan. It doesn't matter which saying you use, the facts are inescapable. Greece's membership of the eurozone is untenable under the current conditions and everyone knows it. Some like Hungary's finance minister say openly Greece will leave the euro. The only question is what catalyst will force it out and when. The nearest deadline to hand is the country's June 17th elections, when the Greek voters will decide whether to support parties who will adhere to the bailout agreements or those who want to tear them up.
China's Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world's largest cinema chain, according to a new release on the deal.
Yahoo and China's Alibaba Group have agreed to a $7.1 billion deal in which the Hangzhou-based internet behemoth buys back half of Yahoo's 40% stake in the company.
"It's very important that Apple not become the developer for the world," Tim Cook, Apple chief executive, told analysts last month. "We need people to invent their own stuff."
Nasdaq OMX's chief executive admitted he was "embarrassed" by the delay in the opening trade of Facebook's initial public offering and revealed that the exchange was in talks with regulators over potentially millions of dollars of customer claims.
European leaders are drawing up a series of crisis-fighting proposals to raise at an informal EU summit this week that have in the past been rejected by Germany putting further pressure on Chancellor Angela Merkel.
Samsung has admitted to concerns over "worrying" weakness in Chinese consumer spending as customer sentiment, damped by government austerity measures, turns against spending on technology products.
The spiraling conflict between Sudan and South Sudan poses a threat to world oil prices, the prime minister of neighboring Kenya has warned.
While English has long been the de facto language of international business, more multinational companies are now mandating that employees communicate only in English.
Asian shares dropped, with Japan's stock index falling to a four-month low, as investors dumped risky assets amid growing worries about Europe compounded by disappointing US economic data.
Greece may be in the midst of an economic crisis but one company continues to sleep easy.
The once-taboo topic of Greece's exit from the common currency is now being openly discussed. Two years of pushing cash into the country have barely kept it afloat and Greece's political instability has injected a new urgency into the situation.
With all the attention on the Facebook IPO, people have been wondering "Where in the world is Eduardo Saverin?"
Japan's economy rebounded in the first quarter, but analysts warned that the pace of expansion will soon ease as temporary boosts to consumption and investment fade.
Moody's Investors Service on Monday cut the long-term debt and deposit ratings for 26 Italian banks by one to four notches, highlighting the tough environments in Italy and Europe.
Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China.
Greece's exit from the eurozone "would be possible," even if not in Europe's interest, and countries should have a democratic right to quit, according to a member of the ECB's governing council.
While the French electorate has put its faith in a new president to turn around the country's economic fortunes, some cash-strapped Parisians are turning to time-honored methods to make ends meet.
Japanese electronics company Panasonic has plunged from profit to a record annual loss of 772.2 billion yen ($9.68 billion), prompting its shares to fall to a 30-year low.
A competition probe into Facebook's $1bn acquisition of photo-sharing service Instagram threatens to postpone the closure of the deal beyond the second quarter, the target set by the company in its initial public offering documents.
Foreign auditing firms will have to appoint a Chinese national as their chief partner in China as part of a sweeping overhaul of the country's accounting industry.
I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially "opened" a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power them on.
Born and raised in the Philippines to a businessman and a socialite model, Monique Lhuillier is today one of LA's most celebrated fashion designers, with a clientele that includes Gwyneth Paltrow, Kristen Stewart, Reese Witherspoon, and Scarlett Johansson.
Sony Corp. lost a record $5.7 billion in the fiscal year ending in March, the company announced today -- lower than beleaguered electronics giant's previous estimates of finishing the year $6.4 billion in the red.
China's trade surplus jumped in April as imports and exports both further decelerated, renewing fears of a harder than expected landing for the world's second-biggest economy.
Reeling from the Fukushima Daiichi nuclear disaster, Tokyo Electric Power Co. (TEPCO) has effectively been nationalized after Tokyo approved a request for a 1 trillion yen ($12.5 billion) injection of capital.
Spain has taken a 45 per cent stake in Bankia, the country's third-largest bank by assets, as worries over the financial system sent equity and bond markets falling on Wednesday.
Hong Kong's market watchdog threatened to make it easier to prosecute investment banks and their staff if they allow false information to appear in the prospectuses of companies that float on the local stock exchange.
Greece is heading for a clash with international lenders as the radical leftwing party that came second in the weekend's election called for the ripping up of a "barbarous" austerity programme underpinning its bailout and questions mounted about the country's future inside the euro.
Fortune's latest ranking of America's 500 largest corporations includes more women CEOs than ever before.
Andrew Moss has bowed to investor pressure and stepped down from the helm at Aviva, becoming the latest casualty of shareholder revolt over corporate pay levels.
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear programme.
Spain is planning a state bail-out of Bankia, the country's third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into the troubled lender.
Asian equities fell after U.S. jobs data disappointed and the election of François Hollande as French president raised concerns about Europe's debt crisis.
Warren Buffett said his deals to pump $8bn into Goldman Sachs and General Electric during the financial crisis were "peanuts" compared to the big acquisitions his eventual successor at Berkshire Hathaway would be expected to make.
The Avengers, the latest superhero movie from Walt Disney's Marvel unit, led the box office in the US and China this weekend when the film opened to a rapturous reception, breaking records and earning an estimated $200m in the US alone.
Pricing for Facebook's premium "social" advertisements continues to rise, two recent studies have found -- a positive indicator that could offset concerns about a dip in advertising growth and help sentiment towards the internet company's initial public offering.
Analysts are predicting plane tickets will get more expensive as more airlines merge in response to deep-seated structural problems in the industry.
Sun Hung Kai Properties, Hong Kong's largest property developer, said on Friday that its former chairman Walter Kwok had been arrested as part of an ongoing investigation of the company by the city's anti-corruption agency.
Poland, the European Union's fastest growing economy, wants to become a member of the eurozone -- but its finance minister says the country will wait until "it is safe to do so."
Greece's economic problems may be having a negative impact across much of Europe, but one country could be benefiting from its troubles.
The Australian media regulatory agency is "digesting" the blistering report from British lawmakers that said News Corp. CEO Rupert Murdoch was "not a fit person" to run a major international company.
Tech giants Apple and Google may get an unofficial A grade when it comes to stock price, but they can only manage a D grade when it comes to sustainability.
In cafes across Cape Town, brewing the perfect cup of rooibos has become a fine art.
Boredom is an unlikely new frontier in workplace research. Commonly associated with goofing off, taking absurdly long lunch-breaks, and playing internet games on the sly, new studies suggest it's something that affects high-performing employees as well as those in menial jobs.
A significant number of investors are preparing to confront the management of UBS on Thursday by voting against the Swiss bank's 2011 pay award and denying executives formal approval of their actions.
If Apple were to challenge its smartphone competitors to a contest with its all-conquering iPhone 4S, Samsung's Galaxy S would probably be the model thrown into the arena to compete.
Rupert Murdoch can be expected to be personally furious and potentially devastated by the partisan-but-damning judgment of a committee of British lawmakers that he is not a "fit" person to run an international business.
We asked what you thought about hotels charging their guests to access Wi-Fi. As the subsequent influx of tweets and story comments showed, the issue generates strong and often divisive opinions.
Nearly eight years after Adelphia's founder was among those convicted for essentially looting the cable company, fraud victims can now get their share of a record $728 million fund, the top federal prosecutor in New York announced Monday.
French presidential frontrunner Francois Hollande chose to spend the final day of his first round campaign in the Ardenne, an area famous for that most Gallic of luxuries -- champagne.
Spain's government and its banks are discussing a new scheme to segregate problematic property loans into one or more asset management companies to relieve the burden on struggling lenders, according to officials and bankers.
As Wall Street makes final preparations for the largest technology debut by value in history, it has also faced what some bankers and investors have come to see as a series of snubs from Facebook.
Hedge fund managers make for unlikely supporters of François Hollande, the French socialist presidential candidate.
The Bank of Japan announced further easing measures on Friday, as economic data suggested slowing growth and persistent deflationary forces in the world's third-largest economy.
Europe's struggling economies could find themselves thrown a lifeline from the "cloud," according to Microsoft International's president Jean-Philippe Courtois.
In a sign of the widening investigation into Bo Xilai's family and finances, his older brother resigned from the board of a state-controlled alternative energy company Wednesday.
Mexican authorities have opened an investigation into permits issued to Wal-Mart in light of allegations that the retail giant bribed officials in Mexico to speed up store construction.
For decades, many African countries saw some of their most skilful young people take their talents to other parts of the world, lured by the financial prospects outside the continent.
A senior Chinese official has sided with a company battling with Apple over the right to use the iPad name in China's lucrative market.
After focusing on "green cars" in recent years, carmakers are wowing visitors at the Auto China 2012 car show with vehicles that are big, bad and gas-guzzling.
A political backlash against fiscal austerity left mainstream French and Dutch politicians struggling on Monday to shore up support as a key economic indicator highlighted the eurozone's slide into deeper recession.
Hong Kong's market regulator has hit the sponsor of a 2009 new listing with the biggest fine it has imposed to date in another sign of its crackdown on lax practices after a flood of problematic listings of businesses from China.
The Tokyo Stock Exchange has said it does not want a 'dirty' capital market.
The first smartphone powered by Intel-designed microprocessors is going on sale, just as the world's biggest chipmaker launches a third generation of Core microprocessors that it intends will defend its PC territory from mobile competitors.
Wal-Mart is investigating its operations in Mexico to determine whether there were violations of the U.S. law that prohibits giving bribes to international officials, the company said in a statement.
Shareholders of the Olympus Corp. approved a new board Friday despite objections from a vocal minority of shareholders seeking new management that can distance the company from the $1.7 billion cover-up that rocked Japan Inc.
Three quarters of the world's poor are living without a bank account, impeded by physical distance from banks and by bureaucratic roadblocks, according to a World Bank report.
L'Oreal harnessed the French reputation for elegance to become a global cosmetics giant -- and the company's CEO says European economies should apply similar logic to escape their current woes.
Students asked to fork out thousands of Kenyan shillings for a bursary; drivers pushed to pay police officers for traffic offences; people asked to shell out large sums to speed up the process of getting a new passport or making a land transfer.
When 33-year-old Ashoo Mongia visits the supermarket it's rarely for stocking up his fridge for the week. As head of a cow protection enforcement team, he regularly scours Delhi grocery stores and outdoor markets for food products containing cow beef.
After spending years of working in neighboring Libya, the last place Daoud Mohammed wants to be right now is back to his home in Chad, the landlocked country in central Africa.
For many hotel guests, paying for Wi-Fi is an outdated charge that you only get wind of when you're up in your room. Now that mobile phones have rendered hotel room phones largely obsolete, Wi-Fi is the new bugbear for today's traveler.
John Paulson, the billionaire hedge fund manager who foresaw the collapse of the US housing market, is shorting German government bonds in a wager that the eurozone debt crisis will significantly deepen in the coming months.
India's central bank cut key lending rates for the first time in three years on Tuesday in an aggressive effort to stimulate growth and boost investment at a time when the gloss is rapidly coming off Asia's third largest economy.
The chief executive of BTG Pactual has been fined for insider trading by Italian regulators in a move that has forced the rapidly growing Brazilian investment bank to amend the prospectus for its high-profile listing next week.
Mariano Rajoy, prime minister, has agreed with the EU to cut the deficit by more than 3 percentage points this year to 5.3 per cent of GDP.
Argentina is to renationalise YPF, its biggest oil company, ousting the Spanish group Repsol as majority shareholder and prompting a furious row with Madrid.
The sky is overcast, the wind is howling, and - like every day in Ireland - lashing rain could come at any moment.
Three of the most powerful officials in Angola have held concealed interests in an oil venture with Cobalt International Energy, the Goldman Sachs-backed explorer whose operations in one of the world's most promising energy frontiers are under investigation by US authorities, the Financial Times has learned.
Google's Android operating system will face its first big court challenge on Monday as a trial gets under way in California to consider a claim from software group Oracle that could top $1bn.
The world economy "remains on life support" from central banks and has deteriorated since last autumn, the latest Brookings Institution-Financial Times tracking index shows, despite some recent signs of stabilisation.
China expanded the daily trading range that its currency can fluctuate against the US dollar on Saturday in an important step towards allowing the Rmb to eventually float freely.
China's economy grew 8.1% in the first quarter from a year earlier, its slowest pace in nearly three years.
Europe risks being squeezed between "low-cost China" and "high-tech America" unless it can rediscover the knack for innovation, says the head of aerospace company Avio.
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