Borders Group Inc received a financing commitment from GE Capital, providing a potential lifeline to the troubled bookseller, but said it would also explore options, including an in-court restructuring.
China will carefully open up its yuan to more trading based on market needs and plans to double its level of imports in five years, its commerce minister said on Thursday, as the country liberalizes its economy, now the world's second largest.
Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
China's annual inflation will probably top 6 percent around the middle of 2011 before losing steam in the second half of the year, the Bank of Communications said on Thursday.
Kenya's central bank cut its benchmark lending rate on Thursday for the first time since July, in a surprise move seen as a bid to curb rising Treasury bill and bond yields.
Ghana is on track for a record 800,000-tonne cocoa harvest this season, the head of sector body Cocobod told Reuters on Thursday, adding that any impact from smuggling from neighbouring Ivory Coast was limited so far.
Weeks of unrest in Tunisia will hit economic growth, frighten away tourists and discourage foreign direct investment which could fall by up to a third this year, Fitch Ratings said on Thursday.
Libya has set up a $24-billion fund for investment and local development that will focus on providing housing for its rapidly growing population, the online Oea newspaper reported on Thursday.
The top companies trading higher in NASDAQ stock market during Thursday's early session are: Berkshire Bancorp, WSB Holdings, Bassett Furniture Industries, Arctic Cat, and Netflix. The top companies trading lower in NASDAQ stock market during Thursday's early session are: Hawkins, Princeton National Bancorp, Span-America Medical Systems, ShoreTel, and First Financial Bancorp.
A key measure of business activity strengthened again in December, a lender group told Reuters on Tuesday, as companies borrowed more money to invest in their operations and did a better job of staying
In his State of the Union address, President Barack Obama reiterated his commitment to green technologies by vowing to flood America's highways with plug-in cars and will ask Congress for new programs to support sales and development of electric vehicles.
The Silicon Valley giant will invest $100 million to support research in US universities over the next 5 years to drive innovation in computing and communications.
China's largest e-commerce firm Alibaba Group has postponed indefinitely its listing plans for its subsidiaries, said a company source on Thursday.
China's annual economic growth is expected to ease to about 9 percent in the first quarter while consumer inflation is projected at 5 percent, according to a government think tank report published in the official Chinese Securities Journal on Thursday.
British private equity firm 3i said it made "some high quality" new investments and had significant realisations from the portfolio at good uplifts in the third quarter. 3i said it invested 183 million pounds ($291 million) during the quarter, up from 59 million pounds in the same period of last year.
Belgium's economy minister said on Wednesday that heavy state involvement in emerging market economies is unsustainable, and it urged China to open sectors up to foreign companies.
President Barack Obama and members of Congress agree that cutting the federal deficit is important but what should be cut and by how much is the debate ahead as the next budget battle takes shape.
The Mexican economy is getting a helping hand from unlikely allies: Chinese workers whose rising wages are leading more companies to build factories in Mexico.
Full-text of FOMC policy statement of Jan. 26, 2011.
Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.
Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else.
