Belize PM says debt deal reached with creditors
Belize has reached a deal in principle with creditors to restructure about half of its unpaid debt after "long and arduous" talks, allowing the country to avoid default.
24 December 2012
ConocoPhillips sells off Nigerian operation
US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).
US shooting fuels bullet-proof backpack sales
On the heels of the deadly shooting tragedy in Connecticut, parents' anxiety is driving a surge in sales of bullet-proof backpacks, in the hope the armored bags can give their kids a safety edge.
20 December 2012
Apple "pinch-to-zoom" patent deemed invalid
A filing Wednesday in a high-stakes legal battle between Samsung and Apple revealed that a "pinch-to-zoom" patent central to the case has been deemed invalid.
20 December 2012
Christmas debt boons for Greece but risks remain
Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation's fragile fiscal recovery.
20 December 2012
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World Bank ups Chinese growth projection for 2013
The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.
AU Optronics executive guilty in LCD price-fixing case
A US jury on Tuesday found a former senior manager at Taiwan-based AU Optronics Corp. guilty of taking part in a global scheme to rig prices of liquid crystal display screens.
19 December 2012
China sees gloomy 2013 foreign trade environment
China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year's trade growth target.
18 December 2012
IMF's Argentina censure motion set for late January
The International Monetary Fund said Monday its executive board is unlikly to consider until late January any possible action against Argentina for failing to supply accurate economic data.
18 December 2012
Toyota shares hit highest level this year
Toyota shares on Tuesday jumped to their highest level this year, boosted by a weaker yen and after a report said the firm was on track to be the world's biggest automaker in 2012.