Business

Europe's rescue fund should only be used in the last instance to help banks shore up their balance sheets, European Central Bank (ECB) Executive Board member Joerg Asmussen said on Monday. A bank's owners and the market should be tapped...

HSBC (HSBA.L) has become the latest major bank to confirm it is helping with a probe into possible manipulation of global currency markets, after reporting a 10 percent rise in quarter profits on Monday, aided by lower costs. HSBC said...

Google will invest another 450 million euros ($607 million) over the next few years in a data center in Finland, boosting a country struggling with Nokia's decline and weakness in its paper and steel industries. The investment is in addition...

Facebook Inc's investors and other proponents of the social network like to say that it captures one of the greatest concentrations of human attention on the planet and thus offers a boundless opportunity for advertisers. But Facebook Chief Financial Officer...

The 16-day U.S. government shutdown in early October appeared to dampen consumers' appetite for new cars, as five of six automakers reporting monthly sales early on Friday missed analysts' expectations. U.S. October auto sales for the three Detroit-based automakers rose...

Refining weakness led to a surprise decline in Chevron Corp's (CVX.N) quarterly profit, and oil and gas well output increased but remained below target, sending the company's shares down 2 percent. Capital spending is running ahead of budget, while production...

GMD UBA, PHILLIPS ODUOZA,   BEVERLY HILLS, CA, October 31, (THEWILL) – United Bank for Africa Plc (UBA) released its nine months financial results Thursday, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of...

Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users. Facebook shares breached the $50 mark in...

U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of steam, as investors digested recent comments from the Federal Reserve. The central bank said Wednesday it had a weaker growth outlook for the...

Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. The Japanese electronics maker's worse-than-expected performance, a setback after years of striving to return to its former...