China's central bank appears to have underlined its commitment to currency reform by allowing the yuan to rise to a record high against the dollar.
Christopher Bailey will take over from Angela Ahrendts at Burberry, following the latter's departure for Apple.
Stuart Miller also said, however, that demand for housing remains strong throughout the country.
At least 28 people were killed after an earthquake with a magnitude of 7.2 hit the Philippines on Tuesday, local authorities said.
Australian Treasurer Joe Hockey told CNBC the U.S. government shutdown has taught his country a lesson on how not to handle their domestic problems.
One of three American economists who won the 2013 economics Nobel Prize on Monday expressed alarm at the rapid rise in global housing prices.
After a two-year run in which American equities dominated the investing landscape, the pendulum clearly has begun to swing globally.
The federal government is already running on fumes and the Treasury's best guess is they can make it through Thursday—but no one knows for sure.
A huge sale Friday has left many traders suspecting that someone was trying to manipulate the market.
Aetna chief Mark Bertolini gave a harshly critical review of the federal government's insurance marketplace.
Heavy Chinese investment in the US prompted Beijing to air its frustrations with the shutdown, calling for a "de-Americanized" world order.
Some Americans have decided to keep out of the rat race, at least for now. Find out why. NBC News reports.
The task seems simple enough: Get passengers from inside the terminal onto a plane quickly so the flight can take off on time. But what way is best?
His artworks have sold for over $1 million - but this weekend the infamous graffiti artist Banksy sold canvasses for just $60 each on a stall in New York.
U.K. billionaire Richard Branson mounted a swift online defence of his decision to move to his private Caribbean island retreat.
The debt ceiling and government shutdown stalemate in Washington is a "case of massive dysfunction and lack of leadership," former Citigroup Chairman Richard Parsons told CNBC.
The natural gas upswing in the U.S. has been well-documented, but famed short-seller Jim Chanos says he's a "glass half-empty kind of guy" and there's a downside to boom.
Three American scientists won the 2013 economics Nobel prize on Monday "for their empirical analysis of asset prices," the award-giving body said.
Starbucks CEO Howard Schultz has launched a petition drive to urge Washington politicians to "Come Together."
Gold prices may fall towards $1,250 an ounce this week.