AFP 
Deutsche Bank, Germany’s biggest lender, said on Friday it is pulling out of the process for the daily fixing of gold and silver prices. “Deutsche Bank is withdrawing its participation in the gold and silver benchmark setting process following the…
Switzerland’s central bank said on Monday it lost billions in 2013 amid a sharp drop in gold prices and that it therefore would not pay dividends to Bern or the Swiss cantons. The Swiss National Bank (SNB) said it expected to report a loss of 9.0 billion…
Italian carmaker Fiat said on Wednesday it had agreed to buy up the remainder of Chrysler in an historic $3.65-billion (2.66-billion-euro) deal, paving the way for a full merger that will create a new global auto giant. Fiat said the long-awaited agreement…
Unknown attackers fired automatic rifle shots at the German ambassador’s residence in Athens on Monday but caused no injuries, police said. The shooting happened at around 3:30 am (0130 GMT) when German ambassador Wolfgang Dold was inside the residence…
At least 14 people were killed Monday when a suicide bomber blew himself up on a packed trolleybus in Volgograd, raising new concerns about security at the Sochi Olympics a day after a deadly attack on the southern Russian city’s train station. President…
Twitter shares tumbled Friday after a brokerage analyst warned the popular messaging network was overvalued following a meteoric rise since its initial public offering in November. Twitter shares closed down 12.99 percent at $63.79. But the stock has…
US stock markets Thursday continued their bull run of 2013, closing at fresh records after a strong US unemployment report. At the closing bell, the Dow Jones Industrial Average shot up 122.49 (0.75 percent) to 16,480.04, finishing at a record high…
Apple said Sunday it had reached agreement with China Mobile, the world’s biggest wireless network, to bring the iPhone to customers in a market dominated by low-cost Android smartphones. Under the agreement, iPhone 5s and iPhone 5c phones will be available…
Deutsche Bank, Germany’s biggest lender, said on Friday it will pay 1.4 billion euros ($1.9 billion) to end litigation related to home mortgage-backed securities in the United States. “Deutsche Bank announced today that it has reached an agreement to…
General Motors Tuesday announced that company veteran Mary Barra would succeed Dan Akerson as chief executive, becoming the first woman to lead the largest US auto maker. Barra, 51, currently executive vice president for global product development,…
1218 GMT: Moeletse Mbeki also predicted the crowd would make their frustrations clear with President Zuma when he takes the stage to speak. “Madiba was one of those people who never stopped making his point of view clear,” he told the BBC. “They (the…
The US Treasury sold its last shares in General Motors on Monday, ending the dramatic rescue of the auto giant at the height of the financial crisis five years ago. The Treasury took a loss of more that $10 billion on the $49.5 billion bailout, but…
The US government has urged the Supreme Court to intervene in Argentina’s fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong. In an brief filed with the top court Wednesday, the Justice Department said…
House prices across Britain surged 7.7 percent in the three months to November from a year earlier, the fastest growth rate since October 2007, Halifax said on Friday. Greater demand in the market and with a lack of homes for would-be buyers prompted…
2224 GMT: Reaction continues to pour in, with UN Secretary General Ban Ki-moon calling Mandela “a giant for justice” and the French Foreign Minister saluting him as “a charismatic giant”. Irish prime minister Enda Kenny paid tribute to the “gift” of…