Persistent concerns surrounding Chinese lending and tightening credit controls dampened expectations for growth in the Asian region in 2010 yesterday following the news that some lenders were asked to rein in credit as they failed to meet regulatory requirements.
Airbus parent EADS does not have adequate systems in place to monitor costs on its troubled A400M military plane project, buyer nations have been told, putting pressure on the planemaker ahead of crucial talks on Thursday.
General Electric Co is on track to report its eighth straight quarter of profit declines on Friday, with investors looking for evidence the largest U.S. conglomerate is stabilizing its hefty finance unit.
British Airways cabin crew have decided not to strike over the Easter holiday period, even if staff do decide to walk out, a Unite spokesman told Reuters on Wednesday.
In the autumn of 1998, computer science engineer Li Yanhong developed Rankdex, an experimental search engine that ranked websites according to their relevance to each other.
Economic freedoms were sharply reduced last year on massive spending and bailouts during the financial crisis, a trend that could imperil future economic prospects, the U.S.-based Heritage Foundation said on Wednesday.
The Australian dollar trade in a V shape pattern overnight falling from Asian close around 0.9240 to a low of 0.9180 only to bounce back to open this morning around 0.9240. Negative sentiment surrounding the Euro added support to the Greenback against the majors inspiring the move lower however with U.S equities and commodities once again performing well AUD/USD bounced back quickly. The Aussie appears to be range bound at present with resistance around the 93 cent handle proving difficult to br...
A storied UK confectioner could be getting new owners soon if shareholders agree to a deal recommended by its board of directors today.
Foreign Secretary David Miliband denied any split with China over Iran on Tuesday and gave a strong hint that Britain backed more financial sanctions against Tehran over its nuclear programme.
Swiss banking heavyweight Credit Suisse says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top managers in Britain.
Credit Suisse is spreading the pain of a UK tax on bonuses across bankers globally and Goldman Sachs has delayed announcing payouts to staff as a row over remuneration heated up on Tuesday.
China urged other powers on Tuesday to show more flexibility in dealing with Iran's disputed nuclear programme, playing down prospects of sanctions after six countries met to discuss the standoff.
Kraft Foods agrees a deal to buy Cadbury on Tuesday for around 11.9 billion pounds ($19.55 billion) by increasing its overall bid and offering more cash in an offer that was recommended by Cadbury's board.
Investment firm Genii Capital said liquidators had yet to start removing vital assets from Swedish carmaker Saab's facilities, and said it remained upbeat about its chances of buying the loss-making firm from General Motors.
Goldman Sachs is likely to unveil details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as the row over payouts heats up.
Investment bank Goldman Sachs is likely to unveil the details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as a row heats up over payouts.
Kraft Foods was close to announcing a recommended deal to buy Cadbury for around 11.7 billion pounds ($19.2 billion) after it offered more cash in late-night talks to break a four-month impasse over price.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are close to sealing a friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group, sources familiar with the matter said on Monday.
The Aussie dollar survived a brief selloff in Asia yesterday to bounce back from intraday lows of around 0.9175 and open at 0.9265 this morning.
OPEC is unlikely to cut oil supply at its next meeting in March, Qatar's oil minister said on Monday.