NEW YORK— AT&T posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. The Dallas company says it earned $3.55 billion, or 68 cents per share.» Read More
Samsung reported a record quarterly profit of $8.3 billion and kept its 2013 investment plans at the previous year's level, defying expectations.
Apple's third straight disappointing quarter signals an urgent need for the global technology leader to drum up new revenue - and China may provide the answer.
Mitsubishi Motors said it is recalling about 14,700 electric vehicles globally due to a brake problem unique to the electric-powered cars in one of the biggest callbacks involving the new generation of eco-friendly cars.
The European Central Bank (ECB) and European Banking Authority (EBA) are aiming to carry out a joint stress test on Europe's major banks in September, sources told Reuters.
A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.
Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still doesn't trust them.
The nascent market for "dim sum" bonds - denominated in Chinese yuan but issued outside the mainland - is poised for strong growth this year, gaining traction even as China opens its own markets to lure investors' money directly inside its borders.
Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
RIM shares rose two percent in pre-market trading after releasing a new system to allow its biggest customers to use its new line of BlackBerry 10 smartphones on their own networks.
Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.
BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.
Brent crude rose above $112 a barrel on Tuesday, after Japan pledged to pump in more money to boost its economy.
Even though it is widely viewed to be undervalued Apple shareholders could still be in for more rough times if technical strategists are right.
London-listed coal miner Bumi said an independent probe had not been able to prove misuse of funds at its Indonesian units, as documentary evidence had been obtained illegally and key witnesses had refused to cooperate.
Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.
Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.
Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.
The Bank of Japan is set on Tuesday to unveil its most determined effort yet to beat years of economic stagnation, but the big challenge will be how to impress markets already pricing in a doubling of its inflation target and further asset buying.
Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.
Luxury goods group Richemont gave a cautious outlook on Monday after slowing wholesale demand for its pricey products pushed sales growth in the last quarter below forecasts.