LONDON - Barclays Plc Chief Executive Bob Diamond quit on Tuesday under fire from politicians and regulators, the highest-profile casualty of an interest rate-rigging scandal spanning more than a dozen big banks across the world.
LONDON - Barclays Plc Chief Executive Bob Diamond quit on Tuesday under fire from politicians and regulators, the highest-profile casualty of an interest rate-rigging scandal spanning more than a dozen big banks across the world.
FRANKFURT — The conditions are in place for the German economy, Europe’s biggest, to recover this year — and lead the eurozone back to growth — unless the crisis intensifies further, the IMF warned on Tuesday.
BRUSSELS — Officers tracking EU crime and corruption for Europe’s anti-fraud office recovered almost 700 million euros ($880 million) last year from EU structural funds, customs and agricultural sudsidies.
DETROIT — Chrysler’s US sales rose 20 percent in June on strong demand across its lineup, from the tiny Fiat 500 to the Ram pickup truck.
LONDON - Copper hit a six-week high on Tuesday, joining a global rally in financial markets as prospects of further monetary easing by central banks helped allay worries about the impact of the euro zone crisis.
LONDON - Britain’s top share index hit new two-month highs on Tuesday, modestly extending two sessions of gains, as investors bet on fresh economic stimulus after surprise action from a recent EU summit to tackle the festering euro zone debt crisis.
DOHA/KUALA LUMPUR - Qatar’s sovereign wealth fund plans to take the Harrods brand global to cities such as Paris and New York, and will start by building a luxury hotel named after the upmarket London department store in Malaysia’s capital Kuala Lumpur.
SAN FRANCISCO - When Google Inc decided to build its Nexus Q home entertainment device in Silicon Valley rather than in China, it was not fretting about the bottom line. It was fretting about speed.
LONDON - Gold prices gathered steam on Tuesday to climb above $1,600 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth.
HONG KONG — Asian markets mostly rose Tuesday and the euro firmed on hopes that central banks in the United States and Europe would take action to boost their sluggish economies after a stream of negative data.