CHINA

German Chancellor Angela Merkel does not support an inflationary Eurozone policy to ease the pain of austerity in periphery members

European Shares Stay Upbeat on EU Deal Euphoria

European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.

Can Samsung Galaxy Nexus Bring Down Apple iPhone 4S?

Screen too small
Google Inc. and Samsung unveiled the Galaxy Nexus phone running on Ice Cream Sandwich, the newest version of Android, at an event in Hong Kong on Oct. 18. The Galaxy Nexus, which will hit the stores in November, is expected to give stiff competition to Apple Inc.'s iPhone 4S.
Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Europe Bailout Fund Chief Sees No Quick China Deal

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.
More news
IBTimes Logo

Gold Steady After EU Deal Spurs Risk Rally

Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.
A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

California Eyes Solar Path Around Solyndra Wreckage

California political leaders chose a site near the headquarters of Solyndra to kick off hearings on how the state's growing cleantech industry can proceed in the wake of that solar company's dramatic collapse.
Olympus's logo is seen through its waterproof housing at an electronics shop in Tokyo

Records Raise Olympus Conflict of Interest Question

U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses.
Germany's Chancellor Angela Merkel waits for her car as she leaves a euro zone leaders summit in Brussels

Euro deal leaves much to do on rescue fund, Greek debt

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.
Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Exclusive: China eyes creation of ASEAN Bank

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
Kris Gopalakrishnan, CEO of Infosys Technologies, speaks during a news conference on the sidelines of the G20 CEO Summit in Seoul November 9, 2010.

Infosys Seeks Acquisitions Worth up to $700M

Infosys Ltd, India's No.2 software services exporter, is looking for acquisitions worth up to $700 million, Infosys' Executive Co-Chairman Kris Gopalakrishnan said on Thursday.
Greece's Prime Minister George Papandreou arrives at a news conference at the end of a euro zone summit in Brussels

European Leaders Agree to 50% Writedown on Greek Debt

European leaders agreed Thursday morning that banks and other major investors in Greek bonds must take losses of up to 50 percent to prevent a Greek government default. The rescue fund is a response to global pressure to lower Greece's debt burden and attempt to contain the spreading debt contagion that threatens the euro zone.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.