Bhaskar Prasad

China’s central bank has announced a cut in reserve requirements for the first time this year to reinforce economic growth.

Japan and China are committed to help resolve the European debt crisis through the International Monetary Fund once euro region members take additional steps themselves according to Japanese Finance Minister Jun Azumi.

The Dow finished the week with solid gains Friday, edging closer to the 13000 mark which could be another indication of improvement in the U.S. economy.

Federal lawmakers are asking if Google Inc. violated the terms of its broad privacy settlement with the Federal Trade Commission, following a study in which it has been reported that Google is accused of bypassing the privacy settings on Apple's Safari browser to track usage on iPhones and Macs without permission.

U.S. prosecutors have added more charges against file-sharing Web site Megaupload and its executives, with eight additional counts of copyright infringement and wire fraud.

The Fair Labor Association has uncovered a number of issues that need to be addressed at Foxconn's Shenzhen factory, according to report.

The consumer price index rose 0.2 percent, below the expected 0.3 percent, according to the January consumer price index report from the Labor Department which could be suggesting a strengthening of the economic recovery.

While threats that could pull down global economy are never far away, recent data depict a brightening outlook according to IHS, a global business and economic information provider.

General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.

The foreign exchange reserves of China shrank by $20 billion in Q4 2011, the first quarterly decline since 1993.

Oil prices moved higher in Asian trade Friday as tension between Western countries and Iran continued to intensify.

Cisco has said it is challenging Microsoft's $8.5 billion takeover of Skype at the European Union's top court.

Twitter Inc. has officially introduced a service which will permit small businesses to buy and place ads on the online messaging platform.

Societe Generale SA said fourth-quarter profit fell 89 percent as the investment bank was badly affected by Greek debt write down and toxic assets.

The eurozone finance ministers have demanded greater supervision and control of Greece's economy in return for the approval of bailout package.

Moody's Investors Service placed the ratings of Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. on review for possible downgrade because it says the business' profitability will be diminished longer term.

Conflicting reports on whether or not Iran will terminate the supply of its crude to Europe before European Union sanctions become effective have come to the front fuelling the worries of possible risk of oil supply disruption.

Kellogg Co agreed to buy Pringles potato chips from Procter & Gamble Co for $2.7 billion in cash to triple its global snacks sales.

According to a statement by the Tokyo District Public Prosecutor's Office, the former Olympus Corp. Chairman Tsuyoshi Kikukawa was arrested by Japanese prosecutors in one of the biggest ever financial scandals to hit Japan.

Germany, Europe’s largest economy, saw that its gross domestic product fall 0.2 percent from the third quarter even as France grew 0.2 percent in the fourth quarter.

Warren Buffett's Berkshire Hathaway Inc. has revealed new investments in DaVita Inc. and Liberty Media.

President Barack Obama, in his new $3.8 trillion budget proposal for 2013, called for taxes on the wealthiest Americans, a reduction in the national deficit and adequate funding for education.

Eurozone finance ministers Wednesday scrapped a planned meeting to be held in Brussels that they had called to approve the new bailout and a related debt restructuring plan.

China's defense budget is set to double by 2015, which will be more than the combined spend of all other key defense markets in Asia Pacific, a global think tank has said.

An electronics firm is bidding to block iPad imports in China after winning a copyright suit against Apple, prompting two cites to pull the popular tablets from store shelves.

Empire State Realty Trust Inc, the company that controls Manhattan's Empire State Building, plans to raise as much as $1 billion by means of an initial public offering.

Chesapeake Energy Corp is seeking as much as $12 billion from assets sales and joint ventures to cope with a cash crunch amid rising debt and tumbling gas prices.

Apple has said that auditors from a labor rights group have begun inspections of the Chinese factories, including Foxconn factories in Shenzhen and Chengdu, which manufacture its iPad and iPhone.

Moody’s has cut the debt ratings of Italy, Spain and Portugal and put France, UK and Austria on warning, saying they were increasingly vulnerable to the eurozone crisis.