Financial News from AFP

Microsoft staked a claim to the Internet Age living room with an eagerly awaited new generation Xbox One console touted as a home entertainment hub that goes far beyond games. "Today, we put you at ...

Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem unlikely to convince reluctant Austria and Luxembourg to ...

A key US senator backed an end to US sanctions on Myanmar after a landmark visit by the country's reformist leader, signaling a new normalization in relations despite rights concerns. President Thein Sein, ...

Japan's trade deficit expanded a worse-than-expected 70 percent on year to $8.6 billion in April, government data showed Wednesday, as a weaker yen made imports costlier. The monthly trade deficit came ...

Under fierce questioning by US lawmakers, the political appointee who headed the IRS during the tax agency's targeting of conservative groups insisted Tuesday he was not involved in the scandal. Senators ...

JPMorgan Chase shareholders Tuesday endorsed chief executive Jamie Dimon to remain chairman, but the bank's board faces added pressure after some board members barely won a majority. The Wall Street banking ...

Sprint said Tuesday it was hiking its offer for the remaining shares of broadband service firm Clearwire, in the face of a rival bid from satellite TV group Dish Networks. Sprint, the number three US mobile ...

Apple chief Tim Cook faced a grilling Tuesday by US lawmakers on "sham" subsidiaries and "convoluted" strategies to shift profits offshore, but denied the company uses "gimmicks" ...

Spain's top department store chain El Corte Ingles must restructure five billion euros ($6.5 billion) of debt, the company said Tuesday, citing economic conditions as Spaniards shop less in the recession. ...

Europe's main stock markets closed on an upbeat note on Tuesday as London recorded a new 13-year high amid stimulus policies from top world central banks and a barrage of company results, dealers said. ...

Apple chief executive Tim Cook denied Tuesday using "gimmicks" to dodge corporate taxes as the tech giant came under attack from US lawmakers for using "sham" subsidiaries and "convoluted" ...

JPMorgan Chase shareholders Tuesday rejected a proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory. The shareholder proposal to split his two roles won ...

Visiting Premier Li Keqiang promised Tuesday to open China's vast domestic market wider to India and forge a "dynamic trade balance" to deepen economic ties and ease tensions between the Asian ...

Low-cost European airline Ryanair is looking at introducing flights between Israel and Poland to cater for Israeli schoolchildren visiting the former Nazi death camp at Auschwitz. "It seems that every ...

British mobile phone giant Vodafone on Tuesday reported a 90-percent plunge in annual net profit after taking a vast impairment charge relating to poor business in debt-laden eurozone nations Italy and ...

Apple denied Tuesday using "gimmicks" to dodge taxes as the tech giant came under attack from US lawmakers for using "sham" subsidiaries and "convoluted" strategies to shift ...

Indonesia on Tuesday approved the purchase by Singapore's DBS of a 40 percent stake in Bank Danamon, but demanded the city-state open up its financial sector before any full takeover. More than a year ...

European stock markets diverged on Tuesday, as London shot past its 13-year peak amid stimulus policies from top world central banks and a barrage of company results, dealers said. "Global equity ...

Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets. A tented stage has been set ...

Apple denied Tuesday using "gimmicks" to dodge taxes and said it welcomes a review of US fiscal laws after a Senate investigation found it used offshore loopholes to save billions in taxes. Apple, ...

European equities diverged on Tuesday, as London held close to a 13-year peak amid stimulus policies from top world central banks and a barrage of company results, dealers said. Asian shares also traded ...

SkyWest, Inc. announced Tuesday it has struck an agreement with Brazil's Embraer for the purchase of 100 new E175 jet aircraft, with 40 considered firm deliveries. The deal also includes options for an ...

World oil prices fell on Tuesday as traders looked ahead to the latest thoughts of Federal Reserve chief Ben Bernanke on the outlook for the US economy. Brent North Sea crude for delivery in July dropped ...

French group GDF Suez led an attack by eight leading European power companies on EU energy policy on Tuesday, saying it had "failed" and was destroying parts of the sector. In what he described ...

Japanese mobile operator Softbank said Tuesday it planned to raise $3.9 billion through a record bond issuance in June to finance its proposed takeover of US firm Sprint Nextel. Softbank, which is under ...

Casino industry leaders met in the world's biggest gambling hub of Macau on Tuesday for the Global Gaming Expo Asia, a three-day fair of gambling innovations at the glitzy Venetian Macau hotel. The largest ...

British mobile phone giant Vodafone said Tuesday that annual net profits tumbled 90 percent after taking a vast impairment charge relating to its businesses in debt-laden eurozone nations Italy and Spain. ...

British luxury clothing and accessories maker Burberry said on Tuesday that annual net profits fell 3.4 percent after it took a large exceptional charge. Earnings after tax slid to £254.3 million in 12 ...

G4S, the British firm embroiled in a security fiasco at the London 2012 Olympics, said on Tuesday that its under-fire chief executive Nick Buckles will step down. "G4S today announces that Nick Buckles ...

Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with "no declared tax jurisdiction," a US Senate panel has concluded. The ...

British high street retailer Marks & Spencer said Tuesday that its full year net profits fell nine percent amid "challenging" trading conditions. Earnings after taxation declined to £466.7 million ...

British mobile phone giant Vodafone said on Tuesday that annual net profit plunged 90 percent after it took a vast £7.7-billion ($11.7 billion, 9.1-billion-euro) impairment charge relating to its businesses ...

British mobile phone giant Vodafone said on Tuesday that annual net profit plunged 90 percent after it took a vast £7.7-billion ($11.7 billion, 9.1-billion-euro) impairment charge relating to its businesses ...