Bailout over but suffering goes on for Ireland's most needy
Ireland will receive plaudits this weekend when it exits its financial bailout but advocacy groups warn that the most vulnerable in society will still suffer from lingering austerity measures.
12 December 2013
GM taps 1st female CEO as it emerges from US control
General Motors Tuesday named its first-ever female chief executive as the largest US automaker exits the government-bailout era with sales at their best level in six years.
12 December 2013
Slovenia to receive banking bailout bill
Slovenia is to learn later this week if it has enough money to shore up its banks on its own or become the latest eurozone country to need outside help.
11 December 2013
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.
Chevron resumes shale work in Romania despite protest
Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation.
US urges Supreme Court to review Argentina debt case
The 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 low
The 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 objections
Negotiations 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 wire
Commerce 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.