Moderate trading was witnessed on the cotton market on Friday as most of the traders were expecting that the rate cut move by the State Bank of Pakistan (SBP) to revive economic activity in the

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Italian carmaker Fiat SpA rebutted a report that it was set to raise money to finance its purchase of a further stake in Chrysler, saying it had no need for extra funds. Its comment came

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A partnership stuck on Friday between bwin.party Digital Entertainment and a Belgian casino group has defused one of many disputes pitting online gambling companies against governments across Europe. The agreement came a month after bwin.party's

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Sprint Nextel Corp, the majority owner of Clearwire Corp, has offered $2.1 billion to buy the rest of the wireless service provider but it will likely have to offer more money in order to secure

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Global airlines are heading for the safest year on record with an average by the end of November of only one accident of any type for every 5.3 million flights, the international airline body IATA

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Telecom equipment maker Alcatel-Lucent agreed a 1.6 billion euro ($2.1 billion) financing deal, backed partly by its patents, that could buy the loss-making group time to cut costs. The Franco-American company has been hit by

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China's vast manufacturing sector grew in December and US factories had their best month since April, surveys showed on Friday, adding to hopes that the world's top two economies were on the mend. Solid growth

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Two top Federal Reserve officials on Friday raised questions about the US central bank's unprecedented decision to tie monetary policy to specific economic guideposts, and warned that its latest policy actions risk straying into fiscal

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Japanese business sentiment worsened for a second straight quarter in the three months to December and will barely improve early next year, a central bank survey showed, as the global slowdown and a territorial row

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Germany rebuffed calls for more financial risk-sharing in the eurozone on Friday, rejecting a proposal for a fund to help debt-laden countries cope with economic shocks and leaving open who would pay to wind down

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