AU Optronics executive guilty in LCD price-fixing case
A US jury on Tuesday found a former senior manager at Taiwan-based AU Optronics Corp. guilty of taking part in a global scheme to rig prices of liquid crystal display screens.
19 December 2012 12:08
IMF's Argentina censure motion set for late January
The International Monetary Fund said Monday its executive board is unlikly to consider until late January any possible action against Argentina for failing to supply accurate economic data.
18 December 2012 12:11
EU leaders end year on high with Greece, bank deals
EU leaders put a crisis-hit year behind them at the last summit of 2012 Friday, trumpeting hard-fought deals on Greece and banks but seemed to row back on reforms to fix the euro's shortcomings.
Obama, Boehner meet in fiscal cliff talks
President Barack Obama and Republican House Speaker John Boehner held surprise talks Thursday, as time ran short for hopes of a pre-Christmas deal to solve a fiscal crisis that could cause a recession.
14 December 2012 15:17
EU on verge of bridging pre-summit gulf on banks watchdog
European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone bank, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.
IMF's Lagarde warns against US fudge on fiscal cliff
The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.
Spanish health workers stage fresh protest against cuts
Thousands of Spanish health workers clad in white medical garb marched in Madrid on Sunday in a fresh protest against government health cuts and privatisation plans, just days after a similar demonstration.
10 December 2012 12:17
With Romney filing, 2012 election spending tops $2 bn
Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.
07 December 2012 18:11
US court gives Argentina new break on debt payment
A New York appeals court on Tuesday rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.
06 December 2012 10:21
Greece launches bond buyback programme
Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
Asian shares mixed as US worries trump China data
Asian markets were mixed on Monday, after optimism over data showing Chinese manufacturing activity had picked up pace in November was tempered by concerns over US talks to avert the fiscal cliff.
