Embattled President Pervez Musharraf, under mounting pressure to quit in the face of an impeachment motion, announced his resignation – leaving questions over who will control the nuclear-armed state.

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Russia said it had begun withdrawing its troops from Georgia after western leaders joined together to increase pressure on Moscow – but a senior US official said there had been no signs so far of ...

Wall Street stocks fell back as financials came under pressure on concerns about possible dilutive capital raising at Freddie Mac and Fannie Mae

BHP Billiton pressed the case for its proposed takeover of rival Rio Tinto as it unveiled record full-year profits

The key rate at which banks lend to each other in dollars hit its highest level in two months, suggesting there could be more turbulence ahead for the financial system

Mitsubishi UFJ Group is set to take 100 per cent control of Union Bank of California in a $3.5bn takeover that would mark the second-largest overseas acquisition by a Japanese financial institution...

China South Loco made one of this year's most successful debuts on the Shanghai market with its shares up as much as 83%, despite the broader market falling to a 19-month low

Morgan Stanley and Goldman Sachs are is responding to the credit crisis with a system that uses the market's view of their own creditworthiness as a basis for lending decisions, according to people...

Barack Obama, who has a strong financial advantage over his rival John McCain but only a narrow poll lead, is expected to make his vice-presidential choice by Thursday - ahead of the Democratic con...

The ranks of unhappy iPhone users continued to swell at the weekend as Apple customers complained about problems maintaining a signal on the company's new 3G handset

Robert Mugabe defied pressure at a summit of southern African leaders to share power with his arch rival Morgan Tsvangirai, the opposition leader, who beat him in the country's last credible electi...

Companies are overhauling the way they buy and hedge commodities after being caught out by increases in the prices of raw materials that have squeezed industry margins and cut profits