The attention on American corporations offshore tax arrangements obscures Luxembourg's retreat from banking secrecy, the NYT reports.

Japan is in the middle of a "big monetary experiment," said a member of the Bank of England's Monetary Policy Committee.

Quantitative easing is not printing money and bank reserves aren't money. Here's why.

The economist who coined the term "Grexit" says the possibility of Greece exiting the euro zone has receded "markedly", reversing predictions he made in July.

A perfect storm of yen strength, a spike in Japanese government bond yields and new evidence of weakness in China's economy sparked a major sell-off in Japan's equity markets on Thursday.

Japanese government bond yields soared to 1 percent on Thursday, their highest level in a year.

The bonus system is no longer fit for purpose and should be scrapped. No bank will ever be brave enough to do this on its own.

Japanese stocks plunged 9 percent off intraday highs on Thursday as weak Chinese data added to growing fears that the U.S. Fed may withdraw its bond buying sooner than expected.

The world's biggest investors may be rethinking 20 years of boosting overseas holdings.

Dennis Gartman, founder and editor of The Gartman Letter, says tapering is still up for debate following Bernanke's Congress address and adds that as the underlying economy gets stronger, capital will come out of the equity market.

The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter.

Hacking in China thrives across official, corporate and criminal worlds and is openly discussed and promoted. The New York Times reports.

Federal Reserve Chairman Ben Bernanke would not risk a premature withdrawl of the stimlus that has underpinned the U.S. economic recovery

Singer and actress Jennifer Lopez is going in a whole new direction, and using Verizon Wireless to get there.

China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.

Volatile trading in stocks and bonds could continue while investors sort out what's going on with the Fed.

Ford said on Thursday it is closing its two Australian auto plants.

The House of Representatives approved a bill as expected on Wednesday to force approval of Keystone XL oil pipeline.

The company became the first automaker to repay money under Advanced Technology Vehicle Manufacturing program.

The tech giant's earnings and outlook beat analysts' expectations. Shares jumped more than 10 percent after-hours.