President Barack Obama is due back in Washington early Thursday for a final effort to negotiate a deal with Congress to avert or at least postpone the "fiscal cliff" of tax increases and government spending

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China posted a $51.7 billion deficit in its capital and financial account in the third quarter, official data showed on Wednesday, a downward revision to the preliminary $70.8 billion reported in October. The finalised deficit,

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China posted a $51.7 billion deficit in its capital and financial account in the third quarter, official data showed on Wednesday, a downward revision to the preliminary $70.8 billion reported in October. The finalised deficit,

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Samsung Electronics said on Wednesday it had filed a complaint against Ericsson with the US International Trade Commission (ITC), requesting a US import ban and sales ban on some of the Swedish telecoms equipment maker's

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US single-family home prices rose in October for nine months in a row, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013, a closely watched survey showed

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Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades at the top of the country's turbulent corporate world. Ratan Tata has been

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Spain on Wednesday ruled out any Irish-style bailout for the recession-hit, jobs-starved economy, but said it was still undecided about seeking intervention by the European Central Bank to bring down its debt financing costs. The

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Spain on Wednesday ruled out any Irish-style bailout for the recession-hit, jobs-starved economy, but said it was still undecided about seeking intervention by the European Central Bank to bring down its debt financing costs. The

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Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets. Fees are plummeting because

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Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets. Fees are plummeting because

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