World Business News
DUBLIN, Aug 31 (Reuters) - The Irish government may end up with a majority stake in some banks after the creation of a state-run National Asset Management Agency (NAMA) to deal with the sector's bad debts, Finance Minister Brian Lenihan said on Monday."As I have ...
TOKYO (Reuters) - Japan's next prime minister began forming a government on Monday as investors worried the untested Democratic Party would overspend in a bid to revive the economy or would ruffle ties with Tokyo's closest ally, Washington.Sunday's historic election win by Yukio Hatoyama's party ...
BEIJING/HONG KONG (Reuters) - Apple's iPhone will go on sale later this year in China, the world's largest mobile market, but its partner China Unicom (0762.HK) may find selling the phone carries its own burdens.
China's No. 2 mobile carrier is looking at the popular iPhone ...
HONG KONG, Aug 28 (Reuters) - China Shenhua Energy Co (1088.HK) (601088.SS), the world's most valuable coal producer, posted its best quarterly earnings since it started reporting quarterly results two years ago, fuelled by higher coal sales and stronger output.
Shenhua's April-June net profit came to ...
BUENOS AIRES, Aug 27 (Reuters) - Argentine bank Banco Patagonia (BPAT.BA)(BPAT11.SA) said on Thursday it had bought the local unit of Detroit-based lender GMAC Inc, the former financing arm of General Motors Co [GM.UL].
The Argentine branch of GMAC had assets worth 548 million pesos ($142 ...
SINGAPORE (Reuters Life!) - It pays to work in Switzerland: employees in Zurich and Geneva have the highest net wages in the world, a study by banking group UBS shows, while those in India's Mumbai take home the lowest. ...
WASHINGTON (Reuters) - Japanese and South Korean automakers registered the biggest market share gains in the U.S. government's "cash for clunkers" program that ended this week with bankruptcy related inventory shortages hurting General Motors Co and Chrysler. Toyota Motor ...
SAO PAULO, Aug 25 (Reuters) - Brazil's stock market edged lower on Tuesday as investors cashed in on recent gains even as data from the world's largest economy showed signs of recovery. The benchmark Bovespa index .BVSP shed ...
TOKYO, Aug 26 (Reuters) - Japan's Nikkei stock average rose 0.8 percent on Wednesday as exporters gained in the wake of encouraging U.S. data that boosted investor confidence about the strength of the U.S. economic recovery. Toyota Motor Corp (7203.T) climbed after the Nikkei business ...
MELBOURNE (Reuters) - Uncertainty over Australian and New Zealand plans to cut carbon emissions is hurting businesses in both countries, undermining stock market valuations and raising financing risks, big Australasian firms said on Tuesday. Industry leaders from power generation ...
