Business

Wal-Mart Stores Inc (WMT.N) is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the...

Most Asian shares slumped on Wednesday as the prospects of a reduction in the U.S. Federal Reserve's stimulus early next year prompted investors to cash in gains from recent rallies. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell...

Just a few years ago, Morgan Stanley (MS.N) lacked the expertise, infrastructure or desire to do a lot of lending, but today it is making a big push into loans to bridge a profit gap with rivals. Morgan Stanley's brokerage...

China is no longer the most popular overseas production site for Japanese companies as rising labor costs and worsening ties between Japan and China over a territorial dispute hurts the country's appeal, according to a survey of firms by...

Global shipments of personal computers (PCs) are expected to see their "most severe yearly contraction on record" in 2013, according to research firm International Data Corporation (IDC). The firm said sales of PCs would fall by 10.1% this year, worse...

India's current account deficit, a key area of concern, narrowed sharply in the second quarter after a series of measures helped curb gold imports. The deficit fell to $5.2bn during the July-to-September quarter, down from $21bn during the same period...

Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat U.S. economic data confirmed the Federal Reserve's inexorable tilt towards reducing its stimulus soon, while the yen sank on talk of further...

Bank of America Corp will pay $404 million to Freddie Mac to resolve all repurchase liabilities on home loans sold to the government-controlled mortgage company from 2000 to 2009, the bank said on Monday. The settlement covers about 716,000 loans...

Crisis is the natural state of world trade negotiations. But this week will be different. Ministers meeting in the Indonesian resort of Bali from Tuesday until Friday will decide the fate of the World Trade Organization, with two possible outcomes:...

The U.S. Supreme Court on Monday declined to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence. In a case brought by Amazon...