BEIJING - The International Monetary Fund's decision to add the Chinese renminbi to its basket of reserve currencies was hailed Tuesday as a milestone in China's quest to play a bigger role in the global economy, but also recognized as a challenge to ...
CHICAGO U.S. shoppers seeking to avoid the holiday crowds at bricks-and-mortar stores and snare deals on Cyber Monday came face-to-face with traffic jams and product sellouts, with some customers of Target Corp forced to wait in a virtual line.
LONDON - The Bank of England singled out two of Britain's largest banks on Tuesday for failing to meet certain capital thresholds in the latest round of tests examining the banking sector's ability to withstand future global financial shocks.
HONG KONG—A consortium of Chinese firms are investing $400 million for a minority stake in the owner of the Manchester City soccer franchise, as Chinese buyers scour the globe for entertainment assets.
BILL Gates grows most animated when the talk turns to the "cool" new energy technologies that have yet to leave the lab.