About 14 global banks will adopt new derivatives contracts by the end of October aimed at halting cascades of defaults in the financial system during a crisis, the Financial Stability Board said.
The boss of Balfour Beatty has quit after issuing his fifth profit warning in less than two years, prompting speculation that Carillion may look again at its great rival.
NEW YORK/BOSTON - Vanguard Group and BlackRock Inc (BLK.N) could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U.S.
BEIJING (Reuters) - China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.
BRUSSELS - Europe's antitrust regulator is expected to provide fuller details on why it suspects Ireland and some other low-tax countries have made special deals with multinationals such as Apple that helped the companies avoid billions in taxes and ...