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In a major victory for shareholders in UK, Business Secretary Vince Cable Wednesday announced plans to grant them new binding powers to curb excess remunerations to executives.

WASHINGTON US Federal Reserve Wednesday extended a program to stimulate the economy, which seems at risk of stalling, while renewing efforts to lower borrowing costs by offloading short term bonds to buy long-term bonds.

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.

China's rare earth reserves account for approximately 23 percent of the world's total but are excessively exploited, a government white paper said Wednesday.

A Japanese government backed consortium has bought a $4 billion-plus equity stake in the Wheatstone liquefied natural gas project in Western Australia and committed to source additional 400,000 tonnes a year of LNG for up to 20 years as part of the deal.

Wireless technologies company InterDigital Inc, which had been seeking a buyer, has agreed to sell about 1,700 technology patents to chipmaker Intel Corp. for $375 million in cash,

A high profile economic summit of the world's largest emerging economies kicked off here Monday as head of the International Monetary Fund (IMF) urged world leader to prioritise restoring investor confidence for faster economic resurgence and boost sluggish global recovery.

Canada-based Celestica, a global major in the delivery of end-to-end product lifecycle solutions, Monday announced plans to wind down its manufacturing services for Research in Motion (RIM) its biggest customer.

Canada-based Celestica, a global major in the delivery of end-to-end product lifecycle solutions, Monday announced plans to wind down its manufacturing services for Research in Motion (RIM) its biggest customer.

In a statement, the electronics contract manufacturer said it would be stopping production for RIM "during the next three to six months".

"Celestica has been a high-performing manufacturing supplier for RIM and will work closely with RIM throughout the transition," the company stated..

British retailer Tesco, which has been looking for a buyer for its operations in Japan for almost a year, has struck a deal to sell 50 per cent of its stake to Japanese retail major Aeon for a "nominal sum".