Falling aluminium prices hit Rusal earnings
Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal.
US not ready for Basel III bank rules: Treasury
The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards.
10 November 2012 18:31
EU budget talks collapse
The first round in two weeks of tough talks on the European Union budget collapsed Friday after austerity-minded states refused to plug a 2012 budget shortfall in funds destined for Europe's needy.
10 November 2012 15:38
Obama warns taxes must rise on rich
US President Barack Obama on Friday claimed a mandate to raise taxes on the rich to pay for deficit reductions, firing his first post-election shot in a year-end budget showdown with Republicans.
10 November 2012 14:04
Poland urges no veto on tricky 2014-2020 EU budget
Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.
10 November 2012 12:49
Japan must decide on trade pact before polls: minister
A government minister on Friday said Japan had to decide on its participation in a huge Pacific-wide free trade deal before national polls, in what could be an early salvo in the election campaign.
09 November 2012 16:56
Chevron assets frozen in Argentina over Ecuador case
An Argentine judge froze Chevron's local assets Wednesday at the request of a court in Ecuador where the US oil giant has been ordered to pay $19 billion in environmental damages.
Abramovich eyes Australian gas investment - report
Chelsea football club owner Roman Abramovich jetted into Australia for talks with resource company Linc Energy, renowned for its underground coal gasification (UCG) technology.
08 November 2012 17:22
Merkel in Britain for tough budget talks with Cameron
German Chancellor Angela Merkel and British Prime Minister David Cameron held talks over the EU's hotly contested budget in London on Wednesday with both agreeing that the bloc needed to heed public opinion.
08 November 2012 15:25
ECB's not set to fire 'bazooka' yet
The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.
08 November 2012 13:52
Greek lawmakers to vote on austerity amid strikes
Greek lawmakers vote Wednesday on austerity measures needed to unlock international aid and stave off bankruptcy despite strikes and public anger against billions more euros in tax hikes and pension cuts.
08 November 2012 10:01
Cosmetics giant L'Oreal opens huge Indonesia plant
Cosmetics giant L'Oreal on Wednesday opened its biggest factory in the world in Indonesia, as it seeks to profit from strong demand for beauty products in fast-growing Asia.
US judge tosses Apple suit against Motorola
A federal judge on Monday tossed out an Apple lawsuit accusing Google-owned Motorola Mobility of trying to charge the iPhone maker too much for licenses to essential technology for mobile devices.
