TOKYO-Moody's Investors Service said Tuesday it was placing Japan's sovereign debt on review for a possible downgrade, as the government continues to struggle over fiscal consolidation and how to finance reconstruction from the March 11 disasters.
Libya lost billions of dollars on sophisticated financial products sold to Muammer Gaddafi's sovereign wealth fund by some of the world's leading financial institutions, according to a confidential Libyan government document.
The World Bank expects the US dollar to lose its solitary dominance in the global economy by 2025, as the euro and the renminbi establish themselves on an equal footing in a new "multi-currency" monetary system.
Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.
Facebook's large user base will make it the world's largest online display advertising company by revenue this year, overtaking the comparable businesses of Google and Yahoo, according to analysis published on Tuesday.
Thomson Reuters expects to reap $1bn from disposals this year, boosting the cash it can spend on acquisitions, the financial and professional data group said as it reported first-quarter results on Thursday.
BlackBerry maker’s shares plunge on profit warning
Research in Motion's shares plunged as much as 11 per cent in after-hours trading after the BlackBerry maker issued a surprise profit warning due to increasing competition from Apple and Google as well as delays in the launch of an updated generation of smartphones.