Japan to pledge $20 bn aid to ASEAN: reports
Japan will pledge $20 billion in aid to Southeast Asian countries at a 11-nation summit this weekend as it looks to shore-up ties in a region increasingly dominated by China, reports said Friday.
Hit like ton of BRICS: 2013 tough year for emerging markets
Only recently hailed as the saviours of the world economy, emerging markets had a tough year in 2013, hit by slow growth, market instability and social unrest that have worried investors -- though some analysts say the fear is overblown.
12 December 2013 17:48
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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 13:46
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 10:13
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 18:26
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 15:15
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 13:04
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.