Oil prices extended their rally to near their highest in seven months on Monday, as dollar weakness, stock market optimism and sustained hope for economic recovery supported the market's best monthly gains in a decade.
Al-Sanea's net worth is $7bn, ranking him as the world's 62nd richest person, according to Forbes magazine Saudi Arabia's central bank ordered the country's banks to freeze the accounts of Maan al-Sanea, the Saudi billionaire who owns a stake in HSBC Holdings, people familiar with the instructions said.
On the first day of US Treasury Secretary Timothy Geithner's visit to China, the Beijing-based Global Times published a survey of 23 famous Chinese economists on Sunday, saying that the majority of them deemed the vast holding of US bonds "risky." Among the 23 experts polled, 17 said they believed that US equities pose great risks to China's ...
Mubadala Development and General Electric today appointed chief executives for an US$8 billion commercial finance joint venture and an executive education centre announced last year as part of a partnership under which Mubadala is to become one of GE's largest shareholders.
The stock market is looking winded from its three-month race upward. After a quick bounce off 12-year lows in early March, Wall Street is having a harder time carving advances as investors await definitive signs of a break in the recession.
Courtney Love has hired a private detective to track down the frauds who racked up a $350,000 bill on her American Express card.
After some fluctuations late in the trading day, the Toronto Stock Exchange finished Friday with a moderate loss on the day.
Global rating agency, Moody's on Friday placed the ratings of 13 Indian lenders, including State Bank of India and ICICI Bank, on review for possible downgrade.
The U.S. dollar spiked when the economic crisis was peaking, and it's falling now that a recovery's in sight.
Federated Investors Inc. agreed to acquire two mutual funds that hold about $233 million in assets from Touchstone Advisors Inc., the Downtown company said Friday.
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