Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion

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Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion

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Opec members collectively are producing about 1 million barrels a day of crude more than needed, swelling oil stocks at a time of weak demand, Iranian Opec governor Mohammad Ali Khatibi said on Monday. The

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The latest challenge to investment banks' iron grip on finance has its unlikely roots in agriculture. Since the mid-1980s, Wall Street has built a $650 trillion playground for speculators using financial instruments called swaps. These

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Sanctions imposed on Iran over its nuclear program have pushed the country into recession, a global association of financial services said on Monday. Crude oil exports have dropped sharply, the Iranian rial has plummeted and

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Economic growth appears to be gathering traction in the United States and Britain, while China and Italy may be about to turn up, the Organisation for Economic Co-operation and Development said on Monday. Signals continue

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President Mohamed Morsi suspended planned tax increases on Monday, shortly after they were formally announced, in a policy shift that could imperil Egypt's ability to secure a $4.8 billion loan from the IMF. Opposition groups,

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Chinese telecom firm Huawei announced on Monday plans to invest 70 million euros ($90 million) to open up a research and development centre for smartphone and tablet software in Finland, home to rival Nokia. "The

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American International Group Inc will sell nearly all of aircraft leasing business ILFC to a Chinese consortium for up to $4.8 billion, in a deal that gives the fastest growing aviation market easier and cheaper

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McDonald's Corp's sales at established restaurants rose more than expected in November as a renewed emphasis on low-priced food helped the company bounce back from a rare decline in October, it said on Monday. Still,

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