Airline's pay-by-weight fares take off with passengers
The head of a tiny Pacific airline that pioneered a fare system based on passengers' weight said Wednesday the move had been so successful the carrier is upgrading its fleet.
11 December 2013
Car maker Holden to close Australian plants in 2017
Struggling automaker GM Holden on Wednesday said it will shut down its manufacturing operations in Australia by 2017, shedding 2,900 jobs, in a major blow to the nation's car industry.
11 December 2013
Chinese investors look to mine Bitcoin volatility
Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.
Nokia faces $3.4 bln tax claim in India: report
Finnish mobile phone maker Nokia faces a tax bill of more than 210 billion rupees ($3.4 billion) in India from liabilities arising out of unpaid charges and penalties since 2006, a report said Tuesday.
US urges Supreme Court to review Argentina debt caseThe US government has urged the Supreme Court to intervene in Argentina's fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong.
07 December 2013
US jobless rate drops to five-year lowThe US jobless rate fell sharply to 7.0 percent in November, a five-year low, raising the odds Friday that the Federal Reserve could soon cut its huge stimulus program.
07 December 2013
WTO pact in doubt after Latin America objectionsNegotiations on a global trade deal teetered on the brink of collapse Saturday as Latin American countries objected to the removal of a reference to the US embargo on Cuba, the WTO said.
07 December 2013
Make-or-break WTO meeting goes down to the wireCommerce ministers engaged in an eleventh-hour flurry of diplomacy on Friday, hoping to save a WTO package amid stark warnings that failure could permanently cripple the global trade body.
China may mean gold for AppleIt could be a huge breakthrough for Apple to win a place in the line-up of China's largest telecom provider and a big shakeup for the smartphone market.
06 December 2013
Japan, SE Asia in talks to expand currency swapJapan and Southeast Asian countries are in talks over expanding currency swap arrangements to help cushion their economies in financial emergencies, an official said Thursday, ahead of a Japan-ASEAN summit next week.
06 December 2013
Tokyo to launch $53.8 bn stimulus packageTokyo will announce a spending package worth almost $54 billion on Thursday, media reports said, in a bid to offset a tax hike that comes into effect next year and which critics fear will derail Japan's economic recovery.