The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Panasonic a total of 1.47 billion euros ($1.92 billion) for running two cartels for

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Negotiators have reached a tentative agreement to end a week-long strike crippling the key US ports of Los Angeles and Long Beach, Los Angeles Mayor Antonio Villaraigosa said. The announcement, made on the mayor's official

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Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it is shutting down one of its German units with the potential loss of 1,000 jobs. "Nokia Siemens

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The eurozone's economic downturn appeared to ease slightly in November, while US and world-wide data provided indications that the chill that has gripped the global economy is improving. Survey compiler Markit said on Wednesday its

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The European Union and United States refused at UN talks in Doha on Wednesday to commit to concrete climate funding for poor nations as yet another report warned of dire global warming consequences within decades.

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Indian shares gained on Wednesday for the sixth time in seven sessions on hopes the government will muster a majority in parliament on a crucial vote to allow foreign direct investment in multi-brand retail later

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Japan's Nikkei average rose to a seven-month closing high on Wednesday, lifted by sharp gains in Chinese equities after comments by Communist Party chief raised hopes for an economic recovery in the world's second-largest economy.

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US stocks advanced in a choppy session on Wednesday as a rally in bank shares and The Travellers, a Dow component, overshadowed Apple's unexpected drop and weakness in the technology sector. Equities staged a turnaround

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US stocks finished slightly lower in a quiet session on Tuesday as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act. Trading volume was light as legislators continue to negotiate a

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Southeast Asian stock markets mostly ended higher on Wednesday, led by banks on strong volumes on hopes China would maintain its fine-tuning of policies next year to ensure stable economic growth. However, the optimism was

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