The dilemma for such investors is illustrated by MSCI's widely used emerging equity benchmark. So far this year, this index is down more than 12 percent, mainly due to losses in big markets such as Brazil and China. Similarly, in the debt market, Russian rouble bonds have returned 20 percent this year versus double-digit losses on the underlying emerging debt...» Read More
Five former employees of Bernard Madoff responded on Thursday to government assertions that all but one of them and Madoff were involved in a messy menage-a-cinq.
Verizon Communications reached an expanded agreement to carry CBS television programming while Time Warner Cable's blackout of CBS content continues.
A senior Chinese official put pressure on around 30 foreign firms to confess to any antitrust violations and warned them against using external lawyers to fight accusations from regulators, sources said.
Greece dismissed the chairman of its privatization agency on Sunday after a newspaper exposed how he used the private plane of a businessman who had just bought a state company to go on holiday.
Yahoo named former eBay executive Maynard Webb as its permanent chairman. The move comes as CEO Marissa Mayer's turnaround effort hits the one-year mark.
United Technologies said one of its units was responsible for a problem with fire-fighting systems discovered in some Boeing Dreamliner jets.
The financial sector stands within a whisker of recapturing the mantle as the $17 trillion U.S. stock market's heaviest hitter.
Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
Internet TV startup Aereo will soon be available in Dallas, one of the cities affected by the Time Warner Cable-CBS blackout.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
President Obama pushed back against criticism of his former economic adviser Lawrence Summers, who is seen as a leading candidate to become the new chairman of the Federal Reserve.
The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.
Europe's EADS on Wednesday confirmed plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
U.S. generic drugmaker Perrigo agreed to buy fellow drug company Elan for $8.6 billion on Monday in a deal that will hand it royalty rights from a blockbuster treatment and tax savings from being domiciled in Ireland.
Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday.
British aviation investigators identified an emergency beacon made by Honeywell International as a likely source of last week's blaze on a Boeing Co 787 Dreamliner and called for it to be turned off, spurring a rally in Boeing shares.
Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche Greece's bailout.