IBT Staff Reporter

South Africa's Trevor Manuel ruled himself out of the race for the IMF's top job on Friday, making French finance minister Christine Lagarde an even firmer favorite although the threat of a judicial inquiry remains.

Jun 10, 2011

Disappointing trade data from China and the scrapping of a large IPO fed into fears about market volatility and the economy on Friday, with U.S. stocks set to fall a day after rebounding from a six-day losing streak.

Jun 10, 2011

The Duchess wore another beautiful gown to a charity gala in London

Jun 10, 2011

Citibank’s online account site has been hacked and credit card information of their customers and around 200,000 account information have been stolen.

Jun 10, 2011

China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about how the economy fared when some of its best export customers faltered.

Jun 10, 2011

In the Aegon Championshipss at Queen's, world number one Rafael Nadal and four-time winner Andy Roddick both progressed into the quarterfinals after defeating Radek Stepanek and Kevin Anderson, respectively.

Jun 10, 2011

Apple's delay in launching iPhone 5 could be a deliberate attempt to buy time to spruce up its next phone offering in order to meet the new benchmark set by Android phones like HTC Sensation.

Jun 10, 2011

Disappointing trade data from China and the scrapping of a large IPO fed into fears about market volatility and the economy on Friday, sending futures lower a day after stocks bounced from a six-day losing streak.

Jun 10, 2011

Nokia was expected to report a loss for this quarter and next as it cuts prices to try to prevent more customers defecting to rivals' smartphones, a Reuters poll found.

Jun 10, 2011

Toyota Motor Corp forecast a larger-than-expected 35 percent fall in annual profit on Friday and warned that the strong yen was making it difficult to justify keeping production in Japan.

Jun 10, 2011

With Anthony Weiner expecting his first child, resigning wouldn't be in his best interest financially.

Jun 10, 2011

OPEC, which failed to reach agreement on raising production at a meeting this week, on Friday forecast a tightening world oil market in the rest of 2011, underscoring the need for more supply to meet rising demand.

Jun 10, 2011

China's constant search for natural resources to fuel its burgeoning economy has driven Beijing's helmsmen to the far reaches of Africa, South America and the embattled Middle East.

Jun 10, 2011

French finance minister Christine Lagarde, favorite to take the IMF's top job, could face a late challenge after a report that South Africa's Trevor Manuel could enter the race as the window for bids closes.

Jun 10, 2011

NEW YORK Stock index futures pointed to a lower start for Wall Street, with futures for the S&P 500 down 0.1 percent, Dow Jones industrial average futures down 0.2 percent and Nasdaq futures down 0.2 percent by 5 a.m..

Jun 10, 2011

Technology giant Google, Inc has deployed more than 70 electric vehicle charging stations managed by the ChargePoint Network at its worldwide headquarters in Mountain View, CA, the company said in its official blog post on Thursday.

Jun 10, 2011

Internazionale midfielder Wesley Sneijder has quashed rumours linking him to Manchester United and Chelsea after suggesting that he was happy at Milan and would like to continue playing at Inter.

Jun 10, 2011

European Central Bank President Jean-Claude Trichet said on Friday countries that had not undertaken far-reaching structural reforms faced weak growth after the financial crisis.

Jun 10, 2011

Siemens said it had discovered evidence of corruption at its business in Kuwait and had involved authorities.

Jun 10, 2011

Nokia said it was still in talks with multiple parties about its stake in Nokia Siemens Networks, after a report that U.S. private equity firms had backed away from bidding for a majority stake.

Jun 10, 2011

Simon Murray, adventurer and outspoken chairman of commodity trader Glencore , is back in the spotlight, this time over his role as a director of Sino-Forest , whose shares have been hit by accusations of fraud.

Jun 10, 2011

Toyota Motor Corp said on Friday it expects operating profit this business year to fall 35 percent to 300 billion yen ($3.7 billion) after Japan's biggest earthquake on record severely disrupted car production and slashed sales and a strengthening yen cut into overseas earnings.

Jun 10, 2011

Oakand Athletics fired its manager Bob Green, 49, Thursday, replacing him with Bob Melvin, 49, who is a former Major League manager.

Jun 10, 2011

Ford Motors said on Thursday it plans to triple its electrified vehicle production capacity to more than 100,000 annually by 2013.

Jun 10, 2011

Ally Financial, an auto and mortgage lender majority owned by the U.S. government, is delaying a $6 billion IPO due to bad market conditions, two sources familiar with the situation told Reuters.

Jun 10, 2011

The appointment of French finance minister Christine Lagarde as head of the International Monetary Fund is a done deal, rival Grigori Marchenko was quoted as saying on Friday.

Jun 10, 2011

Ally Financial, the auto and mortgage lender majority-owned by the U.S. government, is delaying its initial public offering due to bad market conditions, two sources familiar with the situation told Reuters.

Jun 10, 2011

Morgan Stanley and its China partner Huaxin Securities launched their joint venture on Friday, joining several other rivals looking to cash in on the country's booming investment banking business.

Jun 10, 2011

Toyota Motor Corp <7203.T> is expected to forecast a fall in annual profit later on Friday as the world's largest automaker works to restore output knocked out by Japan's March 11 disaster and grapples with a strong yen.

Jun 10, 2011