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A financial industry group backed by the Federal Reserve and other U.S. government agencies on Thursday released a proposal on how the mortgage industry would adopt a new reference rate for loans.

California lawmakers approved legislation on Thursday to create a $21 billion fund to help utilities in the state pay for claims arising from future wildfires sparked by their equipment, tackling a top issue for the state after power provider PG&E Corp filed for bankruptcy in January expecting more than $30...

The World Bank said on Thursday it approved a $500 million loan to Argentina, the second disbursement of a billion-dollar financing package it announced last year, the latest foreign cash injection for the country's flailing economy.

The International Monetary Fund's (IMF) executive board approved a three-year extended credit facility programme worth $448.6 million for Congo Republic on Thursday, the Fund said in a statement.

A consortium of investors led by European private equity firm Pai Partners SAS on Thursday submitted a formal cash offer for Dutch food maker Koninklijke Wessanen valuing the company at roughly 885 million euros ($996 million).

Two people jumped a security fence at a GE Hitachi research reactor near San Francisco, the U.S. nuclear power regulator said on Thursday, raising concerns over a plant that is one of the few in the country that uses highly enriched uranium, a material that could be used to...

Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Thursday.

Britain says three gunships tried to bar vessel in Strait of Hormuz amid rising tension

Deal over addiction treatment marketing is largest fine so far in painkiller epidemic

Tory MPs line up to criticise No 10 contender’s actions over ambassador