Ginners' strategy not to lower asking prices, caused a decline in daily-intake on the cotton market on Wednesday, dealers said. Official spot rate was unchanged at Rs 5,900, they said. Above, 12000 bales of cotton

Read More

Indonesia's central bank has imposed higher capital adequacy requirements for some commercial banks, in its latest policy effort to increase the stability of the financial system in Southeast Asia's largest economy. The new rule, issued

Read More

EU nations on Tuesday missed a key deadline in a decade-long drive for a safer, cheaper, more climate-friendly "single" European sky, triggering warnings by Brussels of imminent legal action. Speaking on a day meant to

Read More

President Barack Obama told business leaders on Wednesday that a "fiscal cliff" deal was possible within about a week if Republicans compromise on taxes, and he warned lawmakers he would not engage in another debt

Read More

Credit Suisse will close its Moscow investment banking operation as part of a cost-cutting drive, a source familiar with the matter said, as a dearth of deals pushes foreign bankers away from the Russian capital.

Read More

Global warming will have dire consequences for the Middle East and North Africa, with even hotter and drier conditions devastating everything from agriculture to tourism, a World Bank report said on Wednesday. On current trends,

Read More

Finance minister George Osborne on Wednesday warned Britons that they faced an extra year of austerity measures and insisted that reversing his belt-tightening measures now would be a "disaster". Chancellor of the Exchequer Osborne said

Read More

A conglomerate controlled by Thailand's richest man has bought a minority stake in China's Ping An Insurance for $9.38 billion from global bank HSBC, a bold move that ranks as Asia's second-largest deal this year.

Read More

Freeport-McMoRan Copper & Gold Inc said Wednesday it would buy Plains Exploration & Production Co and McMoRan Exploration Co for a total of $9 billion in cash and stock in a major expansion into the

Read More

After weeks of intensive negotiations France and Germany have reached agreement on a new shareholder structure for European aerospace group EADS that gives them equal weight, the company announced Wednesday. The agreement will see the

Read More