ECONOMY & MARKETS

Vodafone

Vodafone Gets Relief in £1.4 bnTax Bill Case

Vodafone, challenging the tax bill over its $11 billion deal to buy Hutchison Whampoa Ltd's Indian mobile business in 2007, had appealed to the Supreme Court after losing the case in the Bombay High Court in 2010.
More news
Analysis: Canada's star fades as economy faces tough...

Canada's Star Fades as Economy Faces Tough 2012

Canada's moment in the sun as the fastest-growing economy in the G7 club of rich countries is set to end this year, when it will likely underperform the U. S. for the first time in seven years and struggle with a mounting household debt problem.
St. Croix

Hovensa: Why Gas Prices Will Spike

A major Virgin Islands-based oil refinery partly owned by Hess announced on Wednesday that it was closing, news that has sent gas prices to seasonal highs.
IBTimes Logo

U.S. Economy Improves but Obstacles Remain

The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
Canadian dollar hits six-week high after strong data

Canadian dollar hits six-week high after strong data

The Canadian dollar touched a six-week high against its U.S. counterpart on Thursday after Canadian manufacturing data beat expectations and solid demand at a euro zone debt auction eased investor fears about Europe's sovereign debt crisis.
November factory sales rebound after hiccup

November factory sales rebound after hiccup

Canadian manufacturing sales rebounded in November to their highest level since October 2008 after a mild downturn in October, led by the machinery, automotive and energy sectors, Statistics Canada said on Thursday.
US jobless claims at 4 yr low

U.S. Jobless Claims Fall to 4-Year Low

New applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.
A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Climbs to Five-Week High

Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.
China Stocks

World Stocks Rise to Highest Level in Two Months

World stocks rose to their highest in over two months on Thursday as risk appetite improved on hopes Greece will reach an agreement with its creditors and the International Monetary Fund will boost resources to tackle the euro zone debt crisis.
Passers-by walk in front of a stock quotation board in Tokyo

Asian Shares Hit 2-Month Highs on IMF Bid to Aid Europe

Asian shares rose to a two-month high and the euro firmed Thursday after news that the International Monetary Fund was seeking to boost its resources to tackle the euro zone debt crisis helped ease worries about Europe's funding difficulties.
NYSE

U.S. Stocks Reach Highest Level Since July

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
IBTimes Logo

Wall Street Gains 1% as IMF Gives Europe Hope

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
Europe hasn't fully committed to IMF: Flaherty

Europe hasn't fully committed to IMF: Flaherty

Europe needs to cough up a lot more than $200 billion to the International Monetary Fund before calling on others to boost the international lender's funding capacity to deal with the fallout from the European debt crisis, Canadian Finance Minister Jim Flaherty said on Wednesday.
German Economy Minister Roesler Unveils Economic Data

German Debt, Equity Investors Shrug Off Lowered Government Guidance on Economy

Early Wednesday morning, the German Ministry of the Economy cut its forecast for that country's economic growth to near-recessionary levels. The market could not care less: a benchmark index for the local stock market was up, a sale of the government's sovereign debt was reported as drawing record demand, and another report showed investors were growing more optimistic on German equities.
currency

World Bank Warns of Global Recession

The World Bank warned Wednesday that the global economy is on the cusp of a new financial crisis, one similar in magnitude to the chaos following the collapse of Lehman Brothers in 2008.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.