Solid investment returns helped Swiss Re double first-half net profit, the world's second-largest reinsurer said on Thursday, but its shares fell as investors worried whether the gains could be sustained. Net profit rose to 1.4

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Citigroup Inc faces a lawsuit from angry investors who allege they were defrauded in a "massive scheme of deception" when they bought securities tied to the credit-worthiness of bankrupt energy trader Enron Corp. The suit,

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Citigroup Inc faces a lawsuit from angry investors who allege they were defrauded in a "massive scheme of deception" when they bought securities tied to the credit-worthiness of bankrupt energy trader Enron Corp. The suit,

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Indian truck owner Sushil Gupta was planning to scale down his business at the end of the year anyway, with the transport industry in the doldrums, hit by high costs and low returns. He may

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Asian economies with fragile fundamentals, even energy-rich Indonesia, could be seriously damaged if oil prices remain high for a long time, the Asian Development Bank's chief economist said on Thursday. "The issue is not the

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Russian state prosecutors seized financial documents for the years 2003-2004 from oil giant Yukos on Thursday, fuelling market fears the firm's back tax bill was set to mushroom from the current $3.4 billion. A company

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Confidence at German companies showed some resilience against higher oil prices in August, the closely-watched Ifo survey showed on Thursday, but the institute said Germany's economic recovery was still not firmly based. Munich-based Ifo's business

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Fuelled by strong demand from China, three of Asia's top exporters revealed robust trade data for July, but economists said the outlook was darkening. Japan, Hong Kong and Taiwan, three exporting heavyweights, all released data

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Toronto-Dominion Bank on Thursday said it would pay 3.8 billion dollars for a controlling stake in Maine-based Banknorth Group as the Canadian lender moved to take its first foothold in US branch banking. TD Bank

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Federal Reserve Chairman Alan Greenspan said internal controls are usually enough to prevent banks from engaging in illegal types of "tying," a practice in which low-cost loans are offered to borrowers who agree to buy

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