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Written by Hamza   

Copenhagen talks enter 'new phase'

Tue, 15 Dec 2009 14:39:24 +0000
Copenhagen climate conference enters a 'new phase' as ministers join in intensive negotiations to deliver an agreement by the end of the week, the president of the meeting says

Obama presses banks to boost lending

Mon, 14 Dec 2009 20:18:47 +0000
President Obama told the US's top bankers that they had a 'special responsibility' to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancing

Darling defies threats on bonus tax

Mon, 14 Dec 2009 23:03:43 +0000
The chancellor has warned he will not water down his 50 per cent supertax on bonuses or offer special deals after brokers and banks threatened to move staff out of the UK

Clouds mar Europe's sunnier outlook

Mon, 14 Dec 2009 22:34:23 +0000
Prospects have brightened noticeably since August, when the map was last published, with northern Europe capturing the best of the light. A robust recovery in Germany and evidence of a clear turnaround in France have helped

Fed to split monetary and liquidity policy

Mon, 14 Dec 2009 18:56:51 +0000
The Federal Reserve is unlikely to make any big changes to its monetary policy stance at the conclusion of its December meeting on Wednesday, though there is a chance it could make some alterations to its provision of liquidity

Greece moves on costs and corruption

Tue, 15 Dec 2009 11:53:10 +0000
The Athens stock market lost 1.2 per cent in early trading as investors absorbed news of the Greek government's plan to reduce the country's budget deficit

US banks to repay rescue funds

Tue, 15 Dec 2009 00:29:44 +0000
Citigroup and Wells Fargo unveiled plans to sell a total of up to bn in stock and return a combined bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholders

Japan business confidence remains low

Mon, 14 Dec 2009 03:14:25 +0000
Business morale improves more slowly in the fourth quarter and large manufacturers surveyed by the central bank plan record cuts in capital spending as a strong yen threatens a fragile economic recovery

China eclipses US in initial public offferings

Mon, 14 Dec 2009 20:08:40 +0000
Chinese stock exchanges raised double the amount of money secured by IPOs across the US showing how activity is shifting from west to east

Pipeline brings Asian gas to China

Mon, 14 Dec 2009 17:16:13 +0000
The first pipeline bringing central Asian natural gas to China opened, underscoring Beijing's importance to the former Soviet republics. China's president, Hu Jintao, joined counterparts from Turkmenistan, Kazakhstan and Uzbekistan for the ceremony

Rich nations step up pressure on Beijing

Mon, 14 Dec 2009 19:20:09 +0000
Developed countries are putting the Chinese delegation under intense and co-ordinated pressure. The harder line has come about partly since they suspect China of using the G77 group of 130 developing nations to advance its agenda

White House predicts jobs growth

Sun, 13 Dec 2009 18:53:49 +0000
The US economy will be creating jobs by the spring, the White House predicted for the first as the President prepares to meet chief executives from twelve of the US's largest banks to increase the pressure on them to lend to small business

Nobel laureate who turned economics into a science dies

Sun, 13 Dec 2009 20:59:55 +0000
No economist alive is unmarked by the work of Paul Anthony Samuelson, who did more than any other theorist to turn economics from a scattered selection of insights into a social science

UNDP calls for capital controls in Asia

Sun, 13 Dec 2009 16:59:58 +0000
Asian economies have been urged to put in place stronger regulatory systems to prevent asset bubbles in equity and property markets wreaking havoc in the wake of the global financial crisis

For Congress, debt vote is an unwanted gift

Sun, 13 Dec 2009 20:09:11 +0000
Unless Congress votes before Christmas to raise the US government debt ceiling from ,100bn to nearly ,000bn, the US government will have to stop work in a matter of weeks
 
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Written by Hamza   

More than 100 complaints lodged over fixed Toyotas

Thu, 18 Mar 2010 00:43:15 GMT
WASHINGTON (AP) -- Complaints of sudden acceleration in Toyotas repaired under recalls have nearly doubled in the past two weeks, according to an Associated Press analysis of government data....

Stocks climb after Fed pledges to hold rates low

Wed, 17 Mar 2010 22:10:27 GMT
NEW YORK (AP) -- The stock market has a new formula for success: a slow and steady trek higher....

Prescription-drug heists on the rise

Wed, 17 Mar 2010 21:11:26 GMT
WASHINGTON (AP) -- The million heist at a pharmaceutical warehouse in Connecticut this week was just the most audacious example of a growing phenomenon: Thieves are stealing large quantities of prescription drugs for resale on the black market....

February wholesale prices drop 0.6 percent

Wed, 17 Mar 2010 18:08:47 GMT
WASHINGTON (AP) -- Prices at the wholesale level plunged in February by the largest amount in seven months as a big drop in energy prices offset higher food costs....

Fed boss makes case to keep all banking duties

Wed, 17 Mar 2010 21:35:33 GMT
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress not to scale back the Fed's regulatory authority over banks. He said the Fed needs the information it gleans from its bank oversight to set interest rates and gauge the health of the banking system....

Was Ala. snack food heir's death tied to business?

Wed, 17 Mar 2010 23:11:54 GMT
BIRMINGHAM, Ala. (AP) -- An angry letter and a bag of Golden Flake chips were taped inside Major Bashinsky's abandoned car when it was found near downtown Birmingham....

SEC boss: Agency examining companies

Thu, 18 Mar 2010 00:30:17 GMT
WASHINGTON (AP) -- The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008....

New CFO says GM has chance to make 2010 profit

Wed, 17 Mar 2010 22:17:24 GMT
DETROIT (AP) -- If the economy cooperates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday....

Senate OKs jobs bill for Obama's signature

Wed, 17 Mar 2010 22:33:32 GMT
WASHINGTON (AP) -- Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval Wednesday in what Democrats hope is just the first of several election-year measures aimed at boosting hiring....

Oil nears as crude supplies grow

Wed, 17 Mar 2010 19:40:28 GMT
NEW YORK (AP) -- Oil prices settled near a barrel Wednesday after crude inventories grew less than expected last week, and the stock market rose on the Fed's promise to keep interest rates at record lows....