Apple loses world's most valuable company crown Apple shares extended their losses Friday, ending a miserable week for the California tech giant as it surrendered its position as the world's biggest company based on market value.
27 January 2013
Music industry finally on road to recovery News that the global music industry has finally turned the corner and is on the road to recovery should help get the annual four-day gathering of many of the world's top music execs at the MIDEM trade fair.
Google 2012 revenue hits $50 billion, profits up Google reported Tuesday that its profit climbed and its annual revenue hit an unprecedented high last year as it evolved to stay in tune with people using smartphones and tablets.
Cathay asks crew to volunteer for early retirement Hong Kong flag carrier Cathay Pacific on Tuesday asked its cabin crew to volunteer for early retirement as part of its cost-cutting measures to boost profitability amid a global slowdown.
22 January 2013
BoJ starts first meeting under new Japan government The Bank of Japan on Monday began its first policy meeting since the new premier took office with a pledge to pressure it into aggressive monetary easing to revive the long-suffering economy.
22 January 2013
US House Republicans back 3-month debt limit rise Republicans proposed a three-month increase to the US debt ceiling Friday as they mulled breaking a protracted fiscal impasse, but warned any long-term deal would require Congress to pass a budget that cuts spending.
19 January 2013
IMF releases aid to Greece after long delay After lengthy delays, the International Monetary Fund unblocked part of its aid to Greece Wednesday, offering a brief respite to the recession-mired country grappling with austerity measures.
World Bank economist urges end to US fiscal fights The World Bank's chief economist called on the United States Tuesday to end a series of political budget battles by undertaking structural economic reforms.
17 January 2013
Bernanke urges Congress to lift debt ceiling US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget.
15 January 2013
China bank's 'sexist' promotion sparks outrage A Chinese bank's offer to automatically transfer most of a husband's income to his wife's account has provoked fury, with some calling it "the most atrocious banking service against men in history".
Japan plans extra $2.1 bn on military spend: official Japan plans to spend an extra $2.1 billion on missiles, fighter jets and helicopters, an official said Wednesday, as Tokyo looks to boost defence capabilities with concerns growing over a rising China.
09 January 2013
IMF to send team to Cairo for loan talks The International Monetary Fund will send a team of experts to Cairo to discuss possible financial support for the Eygptian economy.