After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.

Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.

China's official news outlet said that more foreign pharmaceutical firms in the country could face the possibility of getting investigated for corruption.

William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.

Fiscal plans for the United States and Japan escaped mention during the recent 2-day meeting of G20 central bank governors and finance ministers.

New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.

The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.

Private equity financing can help solve the lack of growth of small and medium-sized enterprises in Rwanda.

Entrepreneurs said that the proposed SEC rule requiring private placement issuers to file solicitation materials with the SEC will result to startups raising less capital.

US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.