Talks are taking place that could see the Dow Jones Industrial Average come under the same umbrella as the S&P 500 index, uniting two of the world's most-watched market measures in a joint venture, according to three people familiar with the discussions.
The German parliament has voted by an overwhelming majority in favour of measures bolster the EURO 440bn eurozone rescue fund, and give it new powers to buy bonds and recapitalise weak banks, in a move that lifted financial markets and boosted the euro.
All Nippon Airways' first Boeing 787 Dreamliner touched down in Tokyo early on Wednesday with hundreds of aviation fans welcoming the carbon-composite plane that its American maker is fielding, albeit three years late, to keep rival Airbus out of its best market.
Procter & Gamble, the world's biggest consumer products group by sales, has thinned the ranks of senior managers by 10-15 per cent and is considering ways to restructure further as investors press it to improve profitability.
Prime minister Manmohan Singh faces a growing political storm over how to measure poverty in India amid fears that new benchmarks proposed by a powerful policymaking body could see many of the country's poor lose their welfare benefits.
The re-emergence of Vladimir Putin as Russia's political supremo failed to prevent the country's markets being buffeted by the global financial turmoil on Monday, with the pressure only set to intensify after the sudden dismissal of the country's finance minister and leading fiscal hawk.
The business model of the Big Four accounting firms is under attack from the European Commission, which is pushing for tough rules that would force the firms to abandon their consultancy businesses and share audit work with smaller rivals.