President Dilma Rousseff on Friday vetoed parts of a controversial royalties bill that pit Brazil's oil-producing states against the rest of the country in a battle over future oil wealth. Seeking a compromise on perhaps

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Bank of America Corp, the second largest US bank, is holding off on plans for new checking-account fees that could have affected some 10 million customers by year's end, avoiding a possible repeat of last

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Spanish insurers Mapfre and Mutua Madrilena said on Saturday they would invest in the country's bad bank, which opened its doors on Friday, in a sign of private sector support key to the project. The

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Chevron Corp received a boost to its efforts to restart oil output in Brazil after a court overturned a ban on its operating in the country and the company agreed on a plan to improve

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Domestic railway traffic ground to a halt in Portugal on Saturday as rail workers staged a strike against salary cuts, part of government austerity measures introduced to get international bailout funds. "Out of 58 trains

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A Russian diplomat on Saturday called a planned pipeline linking gas-rich Turkmenistan with Europe via the Caspian Sea a political project of the West that could cause tensions without ensuring Europe's energy security. "The TransCaspian

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Ford Motor Company on Friday issued a recall of more than 89,000 vehicles in the United States and Canada amid concerns the engines could catch on fire. The automaker said the voluntary recall affects SE

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China's official manufacturing purchasing managers' index rose to a seven-month high of 50.6 in November from 50.2 in October, the National Bureau of Statistics said on Saturday. The headline figure is in line with an

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The French government backed away on Friday from a threat to nationalise a steelworks, saying it secured promises from the owner, ArcelorMittal, to invest and avoid any forced layoffs at the site where the company

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INTRODUCTION: In the past decade the world has become a global village and instant sharing of information is gaining more and more importance. Keeping in mind the changing global trends PTCL has taken the mantle

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