IBT Staff Reporter

74521-74550 (out of 154943)

China sovereign wealth fund eyeing Europe despite risks

Europe is likely to be hit the hardest among major economies by a potential global slowdown in 2012, but China's $300 billion sovereign wealth fund is still looking for investment opportunities there, its head said on Saturday.

China central bank chief says tightening to continue

China's monetary policy tightening will continue for some time because inflation remains higher than the government is comfortable with, with the yuan being one of the tools used, the country's central bank governor said on Saturday.

Sprint CEO blasts AT&T/T-Mobile mega-deal

Sprint Nextel Corp CEO Dan Hesse attacked rival AT&T Inc's planned acquisition of T-Mobile USA on Friday, saying a tie-up between the two would hurt innovation and set the country's wireless industry back.

Chinese Facebook, Renren, shoots for U.S. IPO

China's largest social network, Renren, filed for a U.S. initial public offering to raise up to $573.1 million, the first of a clutch of Facebook clones hoping to boost their profile with an American listing.

Nasdaq open to selling Amex in NYSE bid: source

Nasdaq OMX Group Inc told investors it could sell NYSE Euronext's American Stock Exchange and offer a break-up fee to overcome antitrust concerns in its $11.3 billion bid for the Big Board parent, a source familiar with the situation said on Friday.

Computer hacker sent to prison for 24 months

A computer hacker was sentenced to 24 months behind bars on Friday for launching a virus that infected approximately 100,000 computers worldwide and directed them to attack media outlets that carried stories about him, federal prosecutors said.

Highlights: G20 financial leaders meeting

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.

House 'Sets the Bar' for 2012 Budget Debate

The House of Representatives set the bar for an upcoming debate on the 2012 budget by passing a $3.5 trillion federal bill on Friday that spends $179 billion less than President Barack Obama's proposal in February.

Obama Averts Shutdown; Protests New Guantanamo Curbs

President Barack Obama signed the law that officially averts a federal shutdown but objected to and vowed to repeal rules attached to it that prevent the use of money to transfer detainees out of Guantanamo Bay or to foreign countries.

U.S. bucks global trend of rising inflation

Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.

G20 agree on how to detect risks to global economy

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.

G2O agree on how to detect risks to global economy

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.

Health Spending is Key in U.S. Budget Impasse

The biggest difference between President Barack Obama and Republican plans on spending and over the next decade or so is in healthcare, although smaller, but significant spending differences remain in other categories. The U.S. debt, currently at $14.3 billion will grow by trillions of dollars under budget plans from both sides.

Wall St rises on economic news

Encouraging economic indicators sent U.S. stocks higher on Friday, but the market's recent struggles are set to continue into next week when more than one-fifth of S&P 500 companies report results.

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