Archive for December 2012
-
German consumer morale dropped for the fourth month running to its lowest level in more than a year as shoppers become increasingly wary of the effect the euro zone debt crisis is having on Europe's
Read More -
US conglomerate General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession. The deal comes
Read More -
Media conglomerate News Corp announced Friday that it had filed a document with US regulators detailing its split into two independent companies. The statement did not specify a date for the split into one company
Read More -
Italian airline Alitalia is once more on the verge of bankruptcy as it loses 630,000 euros ($832,000) a day in addition to the 730 million euro deficit accumulated over four years under private ownership, the
Read More -
Top world steelmaker ArcelorMittal said Friday it was taking a roughly $4.3-billion (3.25-billion-euro) charge to reflect the fallen value of its European operations due to weaker demand in the region. The company said the non-cash
Read More -
Myanmar and Japan agreed to start work next year on a huge industrial zone near Yangon, officials from the two countries said Friday, as the impoverished nation hungrily eyes foreign investment. The 2,400 hectare (6,000
Read More -
The US House passed a $633 billion defence authorisation bill Thursday that includes fresh sanctions against Iran and funds the war in Afghanistan, while offering compromise language on military detention of US citizens. In addition
Read More -
The US economy showed surprising signs of resilience in November despite the approach of the so-called fiscal cliff as consumer spending rose by the most in three years and a gauge of business investment jumped.
Read More -
Indian shares ended lower on Friday, marking a second week of declines, as lenders were hit by profit-taking, while Bharti Airtel fell after federal police filed charges as part of a probe into alleged corruption
Read More -
Taiwan stocks fell 1 percent to close at a near four-week low on Friday, with flat panel makers sharply lower on a media report that panel prices will start to decline into the typically slow
Read More