They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.
North Korea has vowed to carry out a third nuclear test, but scientists and concerned foreign governments may have a tough time verifying the actions of the reclusive state.
Syria's army has launched a fierce assault around Damascus, blasting rebel strongholds and sealing the main entrances to the capital, witnesses said, as prospects for peace talks dimmed.
The results of a probe into the Boeing 787 Dreamliner will likely not be known for weeks, investigators said Wednesday, meaning the fleet will remain grounded for at least that long.
The 63rd Berlin film festival opens Thursday with a gala screening of Chinese director Wong Kar Wai's martial arts epic about the mentor of kung fu superstar Bruce Lee.
Google began Wednesday letting businesses target mobile ads based on how close smartphone users might be to shops or what they might be craving at certain times of day.
The Maldives is to hold presidential polls on September 7, the first since the archipelago's first democratically elected leader was toppled in what he called a coup.
Creation of the single pension fund does not mean nationalizing of pension savings: the savings will still be owned by the citizens: Vice-PM of Kazakhstan.
Consumer efforts to protect personal data and remain "invisible" online is leading to a "data blackhole" that could adversely impact digital advertisers.
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
Energy industry leaders on Wednesday called for a fresh push in the fight against climate change and urged governments to make it easier for the world's poor to access power sources.
