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Argentina defaults but investors see eventual deal possible

Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

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The World Trade Organization logo

U.S. says hopeful of WTO deal with India only hours before deadline

The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed.

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Cristina Fernandez

Time almost up for Argentina to avoid debt default

Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

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Microsoft booth

China regulator in anti-monopoly probe of Microsoft

A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp (MSFT.O) because the firm has not fully disclosed information about its Windows operating system and Microsoft Office software.

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iPhone 5S

Apple iPhones allow extraction of deep personal data, researcher finds

Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week.

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Frankfurt stock exchange

Europe subdued, Russia shares tumble on new sanctions

The euro was stuck near its lowest level since November and Russian shares tumbled for a third straight day on Monday as new European sanctions for Moscow chilled the already frosty relationship between the two.

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U.S. President Barack Obama

Obama could curb corporate 'inversions' on his own: ex-U.S. official

President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

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Federico Thea

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.

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A logo of McDonald's Corp's

Russia takes aim at McDonald's burgers as U.S. ties worsen

McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.

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gold colored version of the new iPhone 5S

In China, Apple's focus pays off while Samsung feels squeeze

The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changingmarkets, while Apple loses out by rigidly sticking to its high-end gadgets.

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Euro sign landmark

ECB says website hacked, no sensitive data affecte

The European Central Bank said on Thursday its website had been hacked and some email addresses and other contact information stolen but insisted no market-sensitive data were affected.

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Google Search Sunglasses Reflection

Google under fire from regulators over response to EU privacy ruling

Google's handling of "right to be forgotten" requests from European citizens will come under fire from the continent's privacy watchdogs on Thursday, after the search engine restricted the removal of Internet links to European sites only.

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eBay Vice President Wendy Jones

EBay plans to expand in Russia despite sanctions

Internet auction site eBay Inc said it planned to expand in Russia, still its top priority among emerging marketseven though the country faces increasing Western sanctions over the Ukraine crisis.

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eBay

StubHub was victim of cyber fraud ring; arrests to be announced

eBay Inc's StubHub online ticket resale service said it was the victim of a massive international cyber fraud ring, the details of which authorities plan to disclose on Wednesday as they announce arrests in the case.

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WeChat app icon

China says to crack down on pornography in mobile apps

China will crack down on smartphone apps featuring pornography and obscene content, the government said on Tuesday, the latest move in an official campaign to 'clean the Internet'.

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