China acts to boost loans, bolster flagging economy
China's central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan for lending to head-off the risk of a sudden slowdown in the world's sec
Greek President makes last push to avert elections
Greece's president will meet party leaders on Sunday in a final bid to cobble together a coalition and avert a repeat election, but the veteran politician's effort looked set to fail because of deep s
Mexico volcano spews huge ash cloud, frightens villagers
Mexico's Popocatepetl volcano spewed out huge clouds of ash and fiery rock overnight, closing a local airport on Saturday and frightening nearby villagers, already on edge after weeks of increased act
Djokovic toppled by Tipsarevic in Madrid Open
Novak Djokovic's frustration with the controversial blue clay at the Madrid Masters reached new heights after the world number one was beaten 7-6 6-3 by fellow Serb Janko Tipsarevic in the quarter-fin
LIC, IL&FS sign pact for $2 billion infra debt fund
Life Insurance Corp (LIC) and Infrastructure Leasing and Financial Services (IL&FS) on Friday signed a pact to set up a debt fund with a corpus of $2 billion to finance infrastructure projects in Asia
Is America's JPMorgan too big to manage?
JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage?
Washington policymakers have largely focused on whether bank
U.S. lawmakers want Haqqani named 'terrorist' group
The leaders of congressional intelligence committees, who recently returned from a trip to Afghanistan, urged Secretary of State Hillary Clinton on Friday to immediately designate the militant Haqqani
Greek Socialist fails to form government, vote beckons
Greek Socialist leader Evangelos Venizelos on Saturday becomes the last political leader to throw in the towel after failing to cobble together a government, leaving the country's president with one f
Big-wave surfer enters record books by riding 78-foot 'monster'
Big-wave surfer Garrett McNamara has been recognized by Guinness World Records for surfing the largest wave ever ridden, a towering 78-foot (24 -meter) wall of water he says he caught at Nazare, Portu
Global manufacturers go local in cost-wary India
At the opening ceremony for Daimler AG's $850 million India factory, chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back