Two S. Korea nuclear reactors shut down
Two South Korean 1,000-megawatt nuclear reactors were shut down Tuesday at separate plants, both as a result of unrelated systems malfunctions.
02 October 2012
Kazakhstan residents prefer loans in tenge
According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.
02 October 2012
New York sues JPMorgan over mortgage securities
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
World's 2nd largest steel firm born in Japan
Japan's Nippon Steel and rival Sumitomo Metal Industries formally merged on Monday, creating the world's second largest steelmaker amid intensifying global competition.
02 October 2012
China manufacturing in second month of contraction
China's manufacturing activity contracted for a second straight month in September, according to official data released Monday, falling short of expectations for expansion.
Slovak PM says eurozone will not survive in current form
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
Greek PM stresses urgency of austerity deal
Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
01 October 2012
Chevron pays $17.5 mn fine for Brazil spill
US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday.
30 September 2012
Greek prisons groaning under austerity cuts
Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.
29 September 2012
Heineken takeover of Tiger Beer maker approved
Shareholders in the parent company of the Singapore-based brewer that makes Tiger Beer on Friday approved the firm's takeover by Dutch giant Heineken.
29 September 2012
Spain tightens austerity screw in 2013 budget
Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.