China solar giant Suntech falls back to Earth China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.
20 March 2013
Eurozone still ready to help Cyprus after vote Cypriot President Nicos Anastasiades' office said he "fully respects" the decision and that he had had a "constructive" phone call with Russian leader Vladimir Putin, amid reports Cyprus was seeking alternative financing.
Citigroup to pay $700 million to settle suit US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
20 March 2013
Eurozone says ditch Cyprus tax grab on smallest accounts The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
Cyprus president in desperate bid to prevent run on banks Cypriot President Nicos Anastasiades will on Monday attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.
US Treasury chief not worried about market bubble US Treasury Secretary Jacob Lew said Thursday that he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs.
16 March 2013
IMF calls for 'urgent action' to boost Palestinian economy The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
15 March 2013
Data confirms recession in weakest eurozone economies Data published on Monday confirmed recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth.
US companies keep more money offshore: report US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes.
11 March 2013
Wall St. Raider Icahn defends Dell assault Wall Street raider Carl Icahn defended his twin attacks on computer giant Dell and offshore oil rig operator Transocean Friday, saying such companies need "shaking up" for shareholders' benefit.
10 March 2013
Economic gloom overshadows euro finance ministers meeting Eurozone finance ministers meet Monday against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy, the group's third largest economy.
04 March 2013
Tennis: Roland Garros extension blocked Controversial plans to extend Roland Garros, the home of the French Open, were put on hold on Friday as residents living near the venue in the capital's leafy 16th arrondissement scored a crucial victory in their opposition.
02 March 2013
Sony sells Tokyo office building for $1.2 bn Sony said Thursday it has sold one of its main buildings in Tokyo for $1.2 billion as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet.
28 February 2013
Australian government pension fund dumps tobacco The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.
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