LONDON - Britain's economy grew 0.3 percent in the first quarter as originally estimated, but consumer spending rose at its weakest pace since the third quarter of 2011.
May 23 - Fed Chairman Bernanke and weak Chinese data rattle markets. Japan's Nikkei tumbles over 7 percent - its biggest one-day fall in two years - shedding over 1,000 points. Europe deeply in the red too.
Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue". It’s high time that companies admit taxes on profit are fair payments for the help that governments give them. Commentary
Marissa Mayer's $1.1 billion deal to buy blogging site Tumblr bolsters the website’s firepower in the mobile arms race. It’s the latest sign that Mayer has the backing of her board and shareholders to take risks. In less than a year, she has turned Yahoo from a purple joke to part of the buzz. Commentary
Selling its final stake in lender ICBC leaves Goldman Sachs with an annual return on its investment of around 36 percent. HSBC, which just sold out of insurer Ping An after ten years, notched up a lesser 23 percent. The reason: the UK lender put strategic value before profit. Commentary
The bursting of the gold bubble is just a harbinger of how vulnerable markets are to a tapering of quantitative easing, says Breakingviews. Other asset classes are also at risk. Video
WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found. Full Article