Mexican telecom tycoon Carlos Slim is the world's richest person, jumping past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine.

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Northern Rock to pay £14.9million in bonuses after its annual losses fall.

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Lib Dem Shadow Chancellor Vince Cable says he's concerned over the 'lack of transparency' with Royal Bank of Scotland bonuses.

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Royal Bank of Scotland posted a £3.6 billion loss but said it will still pay about £1.6 billion in bonuses to its staff.

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Lib Dem Treasury spokesman Vince Cable says the UK government should have intervened to stop RBS lending Kraft the money to buy Cadbury.

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Cadbury has backed a higher £11.5 billion recommended takeover offer from its US suitor Kraft Foods.

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Declaring "We want our money back," President Barack Obama wants to slap a tax on banks to recoup the money that the American public spent on bailing out large financial institutions on the brink of collapse.

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Darth Vader and a number of Storm Troopers from the Star Wars Saga rang the opening bell at the New York Stock Exchange. They, along with R2-D2, were there as representatives of Lucasfilm Ltd.

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The CBI warns the UK will recover from recession in 2010 but more jobs will be lost.

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The U.S. Federal Reserve pledged to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery.

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President Barack Obama challenged top bankers to explore "every responsible way" to increase lending, saying they were obliged to help after being rescued by taxpayers.

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Members of the Royal Bank of Scotland board threaten to quit if the government blocks bonus payments.

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Comcast has bought a controlling stake in NBC Universal. The move creates the one of the world's largest entertainment conglomerates.

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Hong Kong shares tumbled almost five percent on Friday as investors were spooked after Dubai asked for a debt repayment delay for a key state-owned firm.
Shares in HSBC Holdings Plc and Standard Chartered Plc fell by more than 7 per cent and 8 per cent respectively amid fears that they may be exposed to the potential financial turmoil in the emirate. The Hang Seng Index fell 1,075.91 points or 4.84 per cent to close at 21,134.5 points, its lowest level for three weeks.

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Stocks climbed Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.

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A revised reading on third-quarter U.S. Gross Domestic Product shows that the economy is growing, but not as fast as previously thought.

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A disappointing report on consumer confidence and a more sober read on the economy pulled stocks from 13-month highs Tuesday. (Nov. 24)

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Investors halted a three-day losing streak, sending stocks broadly higher on a weaker dollar and better-than-expected home sales numbers.

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The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.

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Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.

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