China, Russia sign electrical cooperation deal
China and Russia have signed an agreement on electrical cooperation on the sidelines of the ongoing St. Petersburg International Forum (SPIEF), Xinhua reported.
5,000 jobs to be cut by Air France-KLM
Europe's largest airline Air France-KLM is proposing to trip its French workforce by more than 5,000 by the end of...
European Finance Ministers Meet on Eurozone Crisis
European finance ministers are discussing how to tackle Europe's sovereign debt and banking crisis during a two-day meeting in Luxembourg. The talks begin a series of critical economic meetings.
Larry Ellison set to purchase Hawaiian island
Oracle co-founder and CEO Larry Ellison is set to purchase Lanai, the sixth largest among the Hawaiian islands, known...
Fearing slower growth, Procter and Gamble cuts revenue forecast
Procter Gamble, the world's largest consumer products maker, cut its fourth-quarter revenue and income forecast...
US confident of eurozone crisis solution
US President Barack Obama has said he was encouraged by European leaders' plans to tackle the eurozone's debt crisis...
Trillions of euros need to stem European debt hemorrhage
A four trillion bond issue will reshape troubled Europe's future says one market analyst.
Britain to grant binding powers to shareholders to curb excess remunerations
In a major victory for shareholders in UK, Business Secretary Vince Cable Wednesday announced plans to grant them new...
US extends program to lower borrowing costs
WASHINGTON US Federal Reserve Wednesday extended a program to stimulate the economy, which seems at risk of stalling...
Wall Street rises on monetary easing hopes
US stocks closed higher Tuesday as investors' expectations of further monetary easing policy by the Federal Reserve boosted the market, while positive news from Europe also provided support.
