Moody's holds Spain rating pending eurozone moves
Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
Craft beers enjoy boom despite Italy's crisis
With oyster, tobacco and watermelon flavoured brews, Italy's craft beers are flourishing despite a punishing recession that is putting thousands of other businesses out of work.
29 August 2012
Apple hits new record after big US court victory
Apple shares soared to a new all-time high Monday after the US tech giant's big win in a patent lawsuit against South Korea's Samsung, which saw its own stock tumble.
Moody's upgrades S. Korea credit rating
Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.
Merkel: 'every day' counts for Greece's austerity steps
German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
Beeline fined $1 million
KaR-Tel cellular operator has been fined $1 million for setting a threshold for connection to international roaming service.
27 August 2012
BHP offloads Australian uranium project to Cameco
BHP Billiton on Monday said it was selling one of Australia's largest underdeveloped uranium mines to Cameco for US$430 million, just days after delaying its Olympic Dam copper and uranium project.
27 August 2012
Nike stands by Armstrong after he loses titles
US sporting goods giant Nike was one of several sponsors sticking by Lance Armstrong on Friday after the US Anti-Doping Agency stripped the cycling legend of his record seven Tour de France titles.
26 August 2012
Apple scores huge win over Samsung in patent case
Apple won more than $1 billion in a massive US court victory over Samsung on Friday, in one of the biggest patent cases in decades -- a verdict that could have huge market repercussions.
25 August 2012
Faded US stimulus hopes weigh on oil prices
Oil prices were mixed Thursday amid fresh doubts about hoped-for US Federal Reserve stimulus and a bleaker energy demand outlook in China and Europe.
25 August 2012
Elisabeth Murdoch calls for morality in media
Elisabeth Murdoch, daughter of Australian-born tycoon Rupert, urged the media to concentrate on morals as well as profit during a speech to television executives in Scotland on Thursday.