Oil strikes two-year high; soya scores record high
Oil prices hit two-month highs this week, driven by Federal Reserve stimulus hopes and Middle East unrest, while soyabeans soared to a record high as US supplies were hit by drought.
22 July 2012
Google grabs startup devoted to Apple gadget email
A French startup behind email applications for Apple gadgets has been bought by Google as the Internet titan increasingly tailors hit software to run on its rival's hardware.
21 July 2012
Nasdaq hikes payout figure for botched Facebook IPO
Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
21 July 2012
Online woes spark first Microsoft loss ever
Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.
21 July 2012
Potato chips on the eve of their social media moment
Taking crowdsourcing to new heights, Lay's potato chips is inviting consumers to go online from Friday with their ideas for a new flavor and the chance to win $1 million.
Olympics: London cracks down on unofficial souvenirs
The London Olympics pop up on teapots, bunting and a one-eyed mascot -- but strict branding laws are in place to ensure that official products are the only ones in the race.
China doubles loans to Africa to $20 billion
President Hu Jintao said Thursday China would offer $20 billion in new loans to Africa, as he delivered a speech to a Beijing forum on co-operation with the resource-rich continent.
19 July 2012
HSBC shares dive in Hong Kong after apology
Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.
Heat and drought ravage US breadbasket
There was no end in sight Tuesday to the blistering heatwave baking much of the United States that has farmers mulling cutting down crucial crops and sent grain prices skyrocketing.