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Coty Results Beat Estimates In First Quarter After Going Public

Beauty products maker Coty Inc (COTY.N) reported a better-than-expected adjusted profit in its first quarterly results as a public company, mainly due to strong...

ECB Starts Outlining Test For Top Euro Zone Banks

The European Central Bank's upcoming assessments of bank balance sheets should include in-depth details on their government bond holdings to be credible, one of...

Wall St. Gains As Summers’ Exit Augurs Continued Dovish Fed

U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers' withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about a...

World Bank Ties Strategy To Poverty-Fighting Goals

The World Bank, faced with a tight budget and greater competition for development funds, aims to become more selective in its lending, focusing on...

Arrested Prelate Tells Magistrates Of Secret Accounts In Vatican

The Vatican department in charge of paying salaries and managing real estate acted improperly as a parallel bank, providing accounts to outsiders, an arrested...

Taiwan’s HTC Trims U.S. Workforce, Shares Tumble

HTC Corp laid off around 20 percent of its U.S.-based staff in what it called a move to streamline its operations after a period...

Stocks & Bonds Rally, Dollar Dips As Summers Steps Aside

The U.S. dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal...

Exclusive: Berlin Mulls Way To Bank Union Without Treaty Change – Officials

Germany is working on a plan that would allow the completion of a euro zone banking union without changing existing EU law, potentially removing...

Four Men In Court Over Alleged UK Santander Cyber Raid

Four men appeared in a British court on Saturday over an alleged attempt to steal millions of pounds from Santander by hacking into the...

U.S. Retail Sales, Wholesale Inflation Data Point To Slow Growth

U.S. consumer confidence ebbed early this month and retail sales rose just slightly in August despite strong demand for automobiles and other big-ticket items,...