Obama, Boehner spar on fiscal cliff, deal may go to wire
US President Barack Obama and House Speaker John Boehner dueled over the fiscal cliff Wednesday, and despite narrowing differences remained stubbornly at odds over how to avoid looming tax hikes and spending cuts.
20 December 2012 14:33
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 12:08
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.
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.
Dollar falls as fiscal cliff worries grow
The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.
16 December 2012 15:03
Coca-Cola FEMSA to acquire Philippine bottler
Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.
EU leaders end year on high with Greece, bank deals
EU leaders put a crisis-hit year behind them at the last summit of 2012 Friday, trumpeting hard-fought deals on Greece and banks but seemed to row back on reforms to fix the euro's shortcomings.