World Business News
CBJ Jan 6 - The President of Iceland blocked a US$5 billion deal to pay the Netherlands and Britain for losses incurred by depositors in one of the Icelandic banks. The international community has shown outrage, and as such, Iceland must decide whether to repay ...
CBJ Jan 4 - The Development Bank of Japan (DBJ) has agreed to increase the amount of its unsecured loans to Japan Airlines from 100 billion yen (US$1.08 billion). Executives of the state-owned DBJ, Transport Minister Seiji Maehara and National Strategy Minister Naoto Kan met ...
CBJ Jan 4 - The International Monetary Fund (IMF) said it would bail out Greece if the country or the European Union asks for assistance, but the IMF believes the 27-nation EU should create its own mechanism to help such cases.
Increasing budget deficits and debt ...
CBJ Dec 30 - LONDON—European shares fell by Wednesday midday, snapping a six-day winning streak in very thin trading, with commodity stocks tracking lower crude oil and metals prices and banking stocks reversing earlier gains.
Just before midday, the pan-European FTS Eurofirst 300 .FTEU3 index was ...
CBJ Dec 28 - Argentina's economy could grow up to 7 percent in 2010 as the worst of the global financial crisis is past, according to Economy Minister Amado Boudou. When asked by the daily La Nacion if the country could grow up to 7 ...
CBJ Dec 28 - A South Korean group has won a significant deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favored U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
Under the $40 billion ...
CBJ Dec 24 - World stocks posted gains to their highest level for the month today as oil also gained, as confident investors chased risky assets in a pre-X-mas trade, confident about a world economic recovery.
At the same time, the dollar’s year-end rally was stalled ...
France will not cease using data which was stolen from a Geneva private bank in its drive against tax evasion, its budget minister announced on Tuesday, the day after French officials agreed to return the client lists to Switzerland. ...
Kuwait has increased its oil production capacity to 3.13 million bpd on its way to achieve its target of 4 million bpd by the year 2020. More than half of the capacity comes from the Great Burgan, the second largest oilfield in the world. ...
Greek Finance Minister George Papaconstantinou announced this Friday morning that the Greek tax system will be overhauled by the beginning of March in order to widen the tax, increase revenues and fight tax evasion. ...
