IBT Staff Reporter

Europe can definitely solve its debt problems and China will continue to support the euro's role as an alternative to the dollar in global financial markets, a Chinese central bank adviser said on Wednesday.

Another Chinese interest rate increase in the first quarter is likely, a central bank adviser said on Wednesday, but a vice governor cautioned against raising rates too steeply for fear of luring in hot money.

For the testing year ending June 30, 2010, European schools received more than 85,000 GMAT scores, marking an increase of almost 90 percent from 2006 numbers

American International Group Inc accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.

Symantec's MessageLabs says Rustock, the largest of the spam botnets, is back with a bang since Monday, and appears set to continue where it left off on Dec. 25 as the biggest source of worldwide spam.

Producers are trying their best to persuade him to enter rehab again

Indian budget carrier IndiGo is considering all options including an initial public offering to finance a $15.6 billion plane order with Airbus, but has made no decision yet, the firm's president said on Wednesday.

Hong Kong beat rivals Singapore and Australia to be rated the world’s freest economy for a straight seventeenth consecutive year, according to a ranking by US-based Heritage Foundation.

State-owned Bank of China Ltd has offered yuan trading to U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.

India's proposed food security bill will take at least a year to be finalised, delaying a key vote-winning policy for the ruling Congress party as crucial state elections loom, the Financial Express reported on Wednesday.

Hong Kong was rated the world's freest economy for a 17th straight year in a ranking by the U.S.-based Heritage Foundation, above rivals Singapore and Australia for the title.

China would welcome assurances its financial assets in the United States are safe, a senior diplomat said on Wednesday, ahead of President Hu Jintao's visit next week, but played down rifts between the two powers.

Corrects paragraphs 1-3 to clarify the ruling will not bar website supporting parties and candidates

British housebuilder Barratt Developments Plc said it expects operating margin for the first half to be around 5 percent, significantly up from 2.4 percent in the year-ago period. The company said its average selling price rose by about 6 percent.

Export-driven software services companies are set to report robust growth in quarterly earnings and a firm outlook, driven by an expected increase in clients' technology budgets.

The government is not worried about a slowdown in the November industrial output, which reflects month-to-month volatility, the deputy chairman of India's Planning Commission Montek Singh Ahluwalia said.

Court finds enough evidence to order trial for involuntary manslaughter.

China would welcome assurance about the security of its financial assets in the United States, a senior diplomat said on Wednesday ahead of President Hu Jintao's visit next week, while playing down rifts between the two powers.

Sony Online Entertainment announced the availability of online action game DC Universe Online that allows players to create their own superhero or villain while joining forces with their favorite DC Comics characters such as Superman, Batman and The Joker to aid in saving - or destroying - the planet.

Stormy U.S. weather has taken its toll on commuters and travelers this winter, and it could also hit some company earnings for the final quarter.

The departure of Advanced Micro Devices' chief executive followed months of concern among some board members that he wasn't doing enough to get the chip maker into the exploding mobile market, a company source said.

Thousands of residents of Australia's third-largest city evacuated homes on Wednesday as massive floods began to inundate the financial district, sparked panic buying of food and left authorities despairing for nearly 70 people missing.

American International Group Inc accepted a $2.16 billion offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex Group, marking the beginning of the end of a over year-long process fraught with delays and political wrangling.

Google is dropping support for the H.264 video standard from its Chrome browser, according to The Chromium Blog, backing WebM, a standard backed by Google.

The euro rose weakly against the dollar on Wednesday while Asian stocks edged higher, but investors were increasingly nervous ahead of a key bond sale by ailing euro zone member Portugal later in the day.

Goldman Sachs Group Inc pledged to be more open about how it makes money and to put the interests of clients ahead of its own in an effort to rebut criticism it acted more like a hedge fund than a bank during the credit boom and misled investors.

American International Group Inc could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers.

The effective lending capacity of the euro zone's financial rescue fund should be reinforced and the scope of its activity widened, the European Union's economic chief said on Wednesday.

Wondering what may have caused approximately 5,000 red-wing blackbirds to fall dead from the sky over Arkansas on New Year's Eve?