It is simply baseless to make a comparison between New York Times and Digg, as they are on two different poles on the planet. Anyways, be it whatever, just a few days back Michael Arrington of TechCrunch had put his claim that Digg was challenging the...

The chairman of German industrial giant Siemens, who is embroiled in a major corruption scandal, has finally decided to resign. Heinrich von Pierer has announced that he will step down next week after a board meeting. Siemens is currently engulfed...

Russia’s state-controlled gas monopoly has called off planned gas cuts to its former Soviet neighbor Belarus after Minsk paid a substantial part of a $456 million gas debt before a Friday morning deadline, the national gas monopoly said....

More than 20 years after the world’s leading banks opened outlets in China, a group of foreign banks has started providing local-currency retail services in China after receiving the final approval from the authorities. For the first time,...

The US Supreme Court in a path breaking ruling held that units of national banks were largely exempt from state regulation. The decision has infuriated critics who argue that it would further wear away the ability of California and other states to...

Indian Supreme Court in a landmark judgment on Monday ruled that foreign firms would not have to pay tax on their global income earned from business related to their outsourcing arms or units if these are conducted at existing market prices. The apex...

Reacting to the recent subprime-mortgage crisis the Federal resrve Chairman, Ben Bernanke, has said that a 30-year-old U.S. law requiring banks to serve their communities` credit needs must evolve. Speaking in a Fed Community Affairs Research...

Mortgage finance giant Freddie Mac has decided to buy as much as $20 billion in mortgages to help borrowers with high-priced loans stay on their survival course. Freddie Mac, the US mortgage finance provider, said that it would offer backing for up...

The long struggle of the bloggers to establish blogging as not only an authentic source of information but establishing it in parlance of other front line media seems to be paying now. At present, we have a number of instances about the journalists...

Alan Greenspan, the former chairman of the US Federal Reserve and a well-known specialist on interest rate policy, has been roped in as a consultant by the operator of the world’s biggest bond fund, the Allianz-owned Pacific Investment...