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German Economy Minister Roesler Unveils Economic Data

German Debt, Equity Investors Shrug Off Lowered Government Guidance on Economy

Early Wednesday morning, the German Ministry of the Economy cut its forecast for that country's economic growth to near-recessionary levels. The market could not care less: a benchmark index for the local stock market was up, a sale of the government's sovereign debt was reported as drawing record demand, and another report showed investors were growing more optimistic on German equities.
U.S. Taxes

Romney’s Tax Rate is About 15% - The Bain of His Political Existence?

Republican presidential candidate Mitt Romney’s admission that his income tax rate was “probably closer to 15 percent than anything” may re-ignite the debate on the lower tax rate for capital gains and carried interest than for ordinary income -- the income category for most typical Americans.
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Japan's Elpida to Seek Equity Tie with Micron: Report

Elpida Memory will seek an equity tie-up with U.S. rival Micron Technology, a newspaper said on Wednesday, as the Japanese firm confronts mounting pressure from approaching debt repayments and a deteriorating memory chip market.
Hang Seng Index

Hong Kong Stocks End Day Higher

Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday.
Traders work on the floor of the New York Stock Exchange

Stock Futures up on Report IMF May Boost Europe Funding

Stock index futures rose on Wednesday, putting the S&P 500 on track for a second straight advance after sources said the International Monetary Fund wants to boost its lending facility as the Eurozone battles a long-running debt crisis.
SOPA, PIPA Blackout

SOPA, PIPA Blackout: How to Use Wikipedia Jan. 18 Plus 6 Other Things to Know

Wikipedia initiated a blackout Wednesday, Jan. 18, in protest of the anti-piracy bills SOPA and PIPA. SOPA and PIPA are two Congressional bills meant to halt the illegal copying and sharing of movies and music on the Internet, among other aims. However, major Internet organizations -- such as Wikipedia, Reddit and Boing Boing -- claim the bills will hinder their operations.
A woman walks past a logo at the office of the Bank of New York Mellon in Brussels

BNY Mellon Profit Falls on Restructuring, Lower FX Volume

Bank of New York Mellon said on Wednesday that fourth-quarter earnings fell 26 percent after the world's No. 1 custody bank reported lower forex volume and took a restructuring charge as part of a large-scale plan to make its operations more efficient.
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Top Five Drivers of India's Inflation

Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
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Fujifilm Considering Supporting Olympus

Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
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Carbonite rival Code 42 raises $52.5 million

Accel Partners and SplitRock Partners have invested $52.5 million in backup software company Code 42, underscoring venture capital's continued fascination with anything related to the burgeoning field of Big Data.
File photo of former CEO of Yahoo! Inc. Jerry Yang arrives at the Clinton Global Initiative in New York

Yahoo Co-Founder Yang Resigns, Shares Rise

Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
A BlackBerry handset is displayed in Washington

Samsung Says No Interest in Buying Troubled RIM

Samsung Electronics said on Wednesday it was not interested in buying ailing Blackberry maker Research In Motion or licensing its operating system, refuting a tech blog report that RIM was seeking to sell itself to the South Korean technology giant.
Mitt Romney

Mitt Romney May Not Release Tax Returns Until April

Republican presidential candidate Mitt Romney, under increasing pressure to release his tax returns now, continued to resist that timetable on Tuesday and said he probably would not make them public until April.
Euro, global stocks fall

European Shares Hit 5 1/2-Month High

European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
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Foreigners ramp up Canadian securities purchases

Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.

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