World Business News

Australia's competition regulator has rejected Caltex Australia Ltd.'s proposed 300 million Australian dollar (US$277.5 million) takeover of Exxon Mobil Corp.'s Australian filling stations, highlighting an intense level of public and regulatory sensitivity to any deals in the gasoline sector....

The World Bank has committed to hike its lending to India to about $7 billion this fiscal as compared to an average loan assistance of $2.3 billion in the previous four financial years. At a luncheon meeting at North Block...

Geithner on Wednesday urged Congress to quickly pass legislation to rein in derivatives, the exotic and complex financial instruments that exacerbated the economic crisis. Mr. Geithner told a Senate panel on Wednesday that regulating derivatives would reduce risk to the...

Siemens AG said it has reached a settlement with its former chief executive officer, Heinrich von Pierer, and five other former board members over damage claims tied to a far-reaching bribery scandal at the German industrial conglomerate. The settlement marks...

The Bank of Japan and the Finance Ministry can resolve this problem quite easily. Japan is the only major country with deflation and a strong currency...The yen is strong because of speculation, a weak U.S. dollar and the unwinding of...

Bharat Sanchar Nigam Ltd. (BSL) on Wednesday joined hands with BT to offer ‘global conferencing solutions’. BT providing its best practices to design, offer and support seamless customer solutions to enterprises for end-to-end service delivery. “The solution has unique differentiators...

Home buyers will have to pay more cash upfront to get a mortgage backed by the Federal Housing Agency and will need to achieve higher minimum credit scores under changes announced today by Housing and Urban Development Secretary Shaun Donovan....

this pair are coming together with the regulator's blessing. Behind the scenes, the FSA has been pressing building societies to take a hard look at themselves...The society lost a bundle in a mortgage fraud on top of an Icelandic fiasco....

Justice Department asked for a court order allowing it to get the names of investors who held offshore accounts from the business records of indicted Texas financier R...Securities and Exchange Commission sued Stanford, two associates and three of his businesses...