US Treasury to sell $18 bn of AIG stock
The US Treasury Department announced Sunday that it has launched a public offering of $18 billion of its common stock in AIG, the giant insurer bailed out by the US government.
France's Hollande outlines sweeping new taxes for recovery
France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.
10 September 2012
Intel jolts sector with lowered outlook
Intel Corp. stunned the tech sector Friday by sharply cutting its revenue outlook for the current quarter, citing weak demand for personal computers and slower growth from emerging economies.
08 September 2012
Instagram officially part of Facebook
Instagram on Thursday became part of Facebook as the social network completed its billion-dollar acquisition of the smartphone photo-sharing service.
08 September 2012
US pleased with APEC 'green' products list
The United States welcomed Friday a deal to cut tariffs on dozens of "green" products in the Asia-Pacific, saying it would boost the region's economies as well as help protect the environment.
08 September 2012
ECB brings out its 'bazooka' to save euro
The European Central Bank announced a massive sovereign bond buy up Thursday, brushing aside German opposition to unleash a so-called "big bazooka" against the debt crisis.
EU businesses urge China's new leaders to speed reforms
China's upcoming political changes represent a breakthrough chance to boost its economy by accelerating reforms and fostering innovation, a European business group said Thursday.
06 September 2012
MasterCard has first swipe in Myanmar
MasterCard on Thursday said it had signed a deal with a Myanmar bank that it hopes will pave the way for electronic payments, in an impoverished country where most transactions are made in cash.
Mining magnate Rinehart says Australia 'too expensive'
Mining tycoon Gina Rinehart on Wednesday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa.
Republicans slam Obama as US debt tops $16 trillion
Republicans pinned America's "crushing" fiscal burden squarely on President Barack Obama on Tuesday after the national debt passed $16 trillion just before the Democratic National Convention opened.
Samsung acknowledges criticism of China plants
South Korea's Samsung Electronics acknowledged Wednesday criticisms of working conditions at its plants in China, but rejected a US-based watchdog's charge that they were "inhumane".
05 September 2012
Coffee giant Starbucks taps into tea-loving India
Starbucks is betting on big returns as it seeks to lure an expanding legion of coffee lovers in India -- primarily a tea-drinking nation where lifestyle changes have spawned a booming market for cafes.
