IBT Staff Reporter

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Not so sunny: trade war looms in solar space

German solar firms Conergy and Solarworld have voiced strong concern about the pricing practices of Chinese panel makers -- who undercut their German peers' products by around 20 percent. Chinese modules sell in Europe at about 1.70 euros per watt, according to a UBS report.

Oil falls after U.S. jobs data

Oil prices slipped on Friday, weighed down by concerns about economic recovery after U.S. jobs data showed the unemployment rate at a 26-year high.

Unemployment rate jumps to 9.7 percent

U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.

Bullock comedy

When things go as seriously wrong as they do in the Sandra Bullock comedy

US says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus.

Santander Brazil unit IPO could exceed $5.6 bln

Banco Santander SA, the Brazilian unit of Spain's Santander, filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.

Sinopharm IPO to raise up to $1.13 bln - term sheet

China's largest pharmaceutical products distributor, Sinopharm Group Co Ltd, is set to raise up to HK$8.73 billion ($1.13 billion) in an initial public offering of shares in Hong Kong, according to a term sheet seen by Reuters on Friday.

China's Shanda plans $800 mln US IPO for games unit

China's largest online game firm Shanda Interactive plans to raise as much as $800 million in a U.S. IPO for its games unit, to help it monetise its core business as it seeks to become a diversified media company.

Megan Fox admits mental disorder

Transformers' actress Megan Fox, touted as one of the sexiest woman in the planet, said she has a mental problem, according to an interview she made for British magazine Wonderland.

ChemChina, after Blackstone deal, seeks fresh funds

State-run chemicals company ChemChina, the little-known acquisition pioneer that won the affection of private equity firm Blackstone, is looking for yet more strategic investment as it scouts for more overseas assets, its chief executive said on Friday.

AIG may unveil Taiwan unit buyer at end-Sept.: paper

AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a local newspaper reported, after potential buyers bid below the $2 billion the insurer had hoped for.

Indonesia quake landslide attracts voyeurs

A huge landslide that engulfed a small village and buried more than 40 local inhabitants after this week's powerful quake in West Java has become a grisly local tourist attraction.

People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.

Roubini: U-shaped recovery is possible

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

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