Volkswagen aims to wrap up its long-awaited purchase of sports-car maker Porsche on August 1, two years before a planned target date to complete the deal free of tax.

Porsche SE, the holding company

The Bank of England is expected to fire up its printing presses for a third round of economic stimulus later on Thursday just two months after shutting them down.

Policymakers have essentially been f

Eric Sykes, a popular comic actor who first forged a career in entertainment by writing for others, has died, his manager said on Wednesday. He was 89.

The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating eurozone economy and complement measures agreed by government leaders last we

The government has backtracked from a directive issued to state-run banks that put a cap on holdings of bulk deposits and certificates of deposit (CDs) saying the rules were not final, banking sources

The government has no plan to reduce withholding tax for foreign investors on government bonds as demand for these bonds are strong, a senior finance ministry official said on Thursday.

However, the

Beleaguered Kingfisher Airlines said on Thursday that its lenders have not started recovery proceedings after a bankers' meeting earlier in the day.

The loss-making carrier, saddled with debt of $1.4

Ratings agency Moody's downgraded Barclays Plc's debt rating outlook to negative from stable, citing the resignations of senior executives including chief executive Bob Diamond in the wake of an inter

India's services sector in June expanded for the eighth straight month although at a slower clip, but new orders picked up and firms hired workers at the fastest pace in a year, a business survey show

India's biggest property developer DLF, burdened by debt and sluggish demand, is reining in its once-aggressive pan-India plans to focus on the familiar territory of its home market in northern India.