AUSTRALIA

Silvio Berlusconi

ECB backs Italy, Spain as policymakers pledge action

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.

S&P: Asia would be hit harder by a second global crisis

IBTimes Logo
A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday.
IBTimes Logo

Resource nationalism is biggest risk to miners: report

Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices to try to restore fragile finances, advisory and accountancy firm Ernst & Young (E&Y) said on Sunday.
More news
IBTimes Logo

Gold up, metals fall on 'deadly cocktail'

Gold jumped more than 1 percent and metals market plunged on Friday as investors sought safe havens and fled riskier assets on worries over slowing global economic growth.
IBTimes Logo

Fluor profit beats estimates, shares rise

Fluor Corp (FLR.N), the largest publicly traded U.S. engineering company, posted unexpected second-quarter profit growth and said its backlog of work surged to a new record, lifting its stock by 7 percent.
Louis Oosthuizen of South Africa putts on the tenth green during the second round of the British Open golf championship at Royal St George's in Sandwich

Oosthuizen eyes Firestone boost after car crash

Former British Open champion Louis Oosthuizen is looking for a spark to reignite his game at this week's WGC-Bridgestone Invitational after escaping injury in a traffic accident while preparing for the tournament.
IBTimes Logo

Insight: CEOs warned: mind the pay gap

A stuttering economy and anemic profit growth means company bosses' pay is unlikely to rise as fast this year as in 2010, but complaints from politicians and disgruntled shareholders over executive rewards are not going away.
IBTimes Logo

Hutchison H1 profit up over 600 percent, lags forecasts

Hutchison Whampoa Ltd <0013.HK>, Hong Kong billionaire Li Ka-shing's flagship ports-to-telecommunications company, posted a 632 percent rise in first-half net profit, helped by hefty one-off gain from the spin-off of its port assets, but lagging market forecasts.

Top 10 Luxury Vehicles of Richard Branson [PHOTOS]

Virgin Group founder Sir Richard Branson is known for his many exploits in the travel and tourism industry. From space tourism to new ventures in the railway sector, the British entrepreneur has a deep-set passion for high-end adventurous vehicles.
IBTimes Logo

AXA earnings quadruple on asset sale gains

AXA , Europe's second-biggest insurer, said on Thursday that first-half net income quadrupled, beating forecasts, helped by 1.44 billion euros ($2.05 billion) in one-off gains related to asset sales.
Sydney Teen Escapes Bomb Detonation, Hunt for Australian Bomber Begins (Photos)

Sydney Teen Escapes Bomb Detonation, Hunt for Australian Bomber Begins (Photos)

The Sydney teenage girl named Madeleine Pulver has been reported to be safe and freed from the bomb device attached to her for 10 hours. A bomb collar device was attached onto her by an unidentified man who broke into her family's mansion. He forcibly locked the collar around her neck then fled the scene, allow the teenager to call police.
Ambulance arrives outside a house where bomb squad officers were working to protect an 18-year-old girl in Sydney

Bomb Explosion Prevented, Bomber Permitted Wealthy Teen to call Police

An 18 year old girl was forced to wear an elaborate and sophisticated bomb device around her neck after an assailant broke into the teenager's home. Police spent the next 10 hours working to free the Australian teen from the live device preventing detonation and perhaps saving hundreds of lives in the wealthy Sydney town.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.