IBT Staff Reporter

43411-43440 (out of 154947)

Worst yet to come for China growth: economist

Facing stiff global headwinds and a downturn in its property sector, China should cut taxes and slash banks' reserve requirements this year to underpin growth, a senior government economist said on Thursday.

European shares firm, debt auctions eyed

European shares hit a six-week high on Thursday adding to solid gains after global manufacturing data eased fears about the growth outlook, but with Greek debt talks unresolved, gains were limited.

Global stocks firm on easing global growth concerns

Asian shares rose on Thursday as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis, but the euro lost steam as the ongoing Greek debt talks reminded investors of the complexity of the problem.

Shell eyes aggressive growth in cashflow, output

Royal Dutch Shell said it was targeting aggressive growth in the coming years, with the startup of big new projects and higher investments in exploration set to drive a 50 percent rise in cashflow and a 25 percent rise in oil and gas production.

Glencore nearing deal to combine with Xstrata: report

Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at 52 billion pounds ($82.46 billion), Bloomberg reported on Thursday, sending Glencore shares sharply higher in Hong Kong.

China publishes full list of IPO applicants for 1st time

China's securities regulator has for the first time published a full list of Chinese companies that have applied for an initial public offering on the Shanghai or Shenzhen markets, in a move aimed at boosting transparency of the system.

JPMorgan wows Wall Street with Facebook IPO win

JPMorgan Chase & Co surprised Wall Street by winning a leading role in Facebook's much anticipated public offering, besting other banks that have competed for months for the coveted position.

U.S. accuses China of instigating plot against DuPont

Federal authorities successfully kept a U.S. businessman in jail on Wednesday ahead of his trial on charges relating to trade secret theft, and argued that it was Chinese government representatives who directed him to obtain valuable technology manufactured by chemical giant DuPont.

New Sony CEO to confront scale of turnaround task as

The incoming chief of Japan's Sony Corp will confront the enormity of his task to turn around the business on Thursday, when the humbled electronics icon is expected to show it is headed for its fourth straight annual loss.

Schwab Client-Waiver Spurs FINRA Complaint

Wall Street's own watchdog filed a complaint against Charles Schwab Corp on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules.

Elpida seen posting $1.6 billion annual loss: NHK

Japanese chipmaker Elpida Memory Inc is likely to post a net loss of 120 billion yen ($1.6 billion) for the year ending in March, public broadcaster NHK reported on Thursday, as it struggles with a tough market and imminent debt repayments.

Facebook, and Zuckerberg, embark on mega-IPO

Facebook unveiled what is expected to be Silicon Valley's largest ever initial public offering, but made it clear to outside investors that they will have little voice in its running, as founder and CEO Mark Zuckerberg will continue to exercise almost complete control.

California Nuclear plant shuts down reactor as precaution

One of two reactors at the San Onofre nuclear power station in Southern California was shut down on Tuesday after a small leak was detected in a steam generator tube, but the incident posed no risk to the public or plant workers, the facility operator said.

Factbox: The world's largest social network

Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO. Here are some key facts about the company:

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