(ChinaPost.com.tw) – Cyprus’ state-owned Eurocypria airline will be liquidated and its employees compensated after the European Union ruled out any merger with the island’s larger national carrier Cyprus Airways, government officials said Friday. Compe…
(ChinaPost.com.tw) – Fitch Ratings on Friday affirmed its sovereign credit rating for Italy, saying that Italy’s budgetary situation was less tense than in other European countries despite its high level of public debt. The long-term rating was held at…
(ChinaPost.com.tw) – Colombia Friday approved merging its stock market with those of neighboring Peru and Chile, which experts said will become the second-biggest stock market in Latin America after Brazil’s. Colombian President Juan Manuel Santos and …
(ChinaPost.com.tw) – Jet engine maker Pratt and Whitney is raising the stakes in a dispute with Rolls-Royce and seeks to stop shipments of engines for Boeing’s next passenger jetliner. Pratt and Whitney said Friday it filed patent-infringement complain…
(ChinaPost.com.tw) – Brazil will ask the World Trade Organization to open a dispute panel over European Union poultry regulations it considers illegal, a senior government official told Reuters on Friday. “We’ve concluded that we have a strong case a…
(ChinaPost.com.tw) – Microsoft Corp. CEO Steve Ballmer has recently sold about US$1.3-billion-worth of his company shares, the first time he’s done so in seven years. Ballmer confirmed the stock sales Friday and said they were made to diversify his inv…
(ChinaPost.com.tw) – Government-controlled mortgage buyer Fannie Mae is asking for US$2.5 billion in additional federal aid after posting a narrower loss in the third quarter.
(ChinaPost.com.tw) – Regulators have shut down four more U.S. banks, bringing the total of 2010 failures to 143. That tops the 140 shuttered last year and is the most in a year since the savings-and-loan crisis two decades ago.
(ChinaPost.com.tw) – Consumer borrowing in the U.S. increased in September for the first time since January even though the category that includes credit cards dropped for a record 25th straight month. The rise in credit came from the category that inc…
(ChinaPost.com.tw) – The U.S. Fed’s decision to pump hundreds of billions of dollars into the economy can improve growth without sparking inflation, Federal Reserve Chairman Ben Bernanke said Saturday.
(ChinaPost.com.tw) – U.S. Federal Reserve Chairman Ben Bernanke acknowledged Friday that emerging market growth had fueled commodity prices rises, but said most of the increases would not be passed on to U.S. consumers.
(ChinaPost.com.tw) – The jobs crisis eased just a bit last month as the American economy added 151,000 jobs, its best showing since April — yet still not enough to make a significant dent in unemployment.
Markets anticipate further easing from the Reserve Bank of India. Twelve-year bond prices are climbing, apparently on speculation that the central bank will intervene to buy the securities to ease [...]
Thousands of anti-globalisation protesters rallied in Seoul Sunday against a summit of the worlds leading economies taking place in the South Korean capital this week.
With major roads in the capital blocked to facilitate US President Barack Obamas movements, office-goers will have a tough time Monday as most of the vehicular restrictions will be in place during peak traffic hours.