Facebook touts mobile gains as earnings beat forecast Facebook said it was making strong gains in tapping the mobile advertising market as the world's leading social network turned in better-than-expected third quarter earnings Tuesday.
Chinese, US, Russian firms to set up ratings agency Chinese ratings agency Dagong said Tuesday it was tying up with US and Russian partners to form a new "independent" group to rival US-based agencies it claims have "proven inadequate".
Earnings reality sinks US investor hopes A reality blast of disappointing earnings from a clutch of US business heavyweights wiped out midweek gains Friday as US markets suffered another poor week.
20 October 2012
Political standoff has US on path to 'fiscal cliff' As the US candidates battle it out in the final weeks of the campaign another showdown looms, with the world's largest economy coasting towards a potentially disastrous "fiscal cliff."
Haiti protesters call for president's resignation Several hundred protesters angry over rising costs of living called Sunday for Haitian President Martin Martelly to resign at a march in the country's capital.
16 October 2012
EU's Van Rompuy details eurozone budget rationale EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.
14 October 2012
'Wartime' debt threat to global economy: Lagarde Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.
12 October 2012
Unemployment 30 mn higher than before crisis: ILO There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.
12 October 2012
IMF wants to give Greece two more years The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.
IMF: US 'fiscal cliff' would set back world economy The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.
Samsung tips record Q3 profit of $7.3 bn South Korea's Samsung Electronics said Friday it expected a record operating profit of 8.1 trillion won ($7.3 billion) in the third quarter, boosted by sales of its flagship Galaxy smartphones.