November 26, 2012
Renesas shares up 5% on $2.2bn bailout report
Shares of Japanese chipmaker Renesas have risen 5% after a report said that shareholders have accepted a bailout from a government-backed fund. The Nikkei Daily said the the fund will buy two-thirds of the struggling company for 180bn yen ($2.2bn;…
November 26, 2012
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Germany's upper house of parliament has rejected a deal with Switzerland to tax German assets held in Swiss bank accounts. The deal would have allowed Germans with undeclared assets in Switzerland to avoid punishment by making a one-off payment of…
November 26, 2012
Aston Martin owner denies receiving two offers for firm
The owner of Aston Martin, Kuwait's Investment Dar, has denied reports it has received competing bids for a 50% stake in the luxury British car brand. Italian private equity fund Investindustrial is widely reported to have made an offer of nearly…
November 26, 2012
Gas tanker Ob River attempts first winter Arctic crossing
A large tanker carrying liquified natural gas (LNG) is set to become the first ship of its type to sail across the Arctic. The carrier, Ob River, left Norway in November and has sailed north of Russia on its way to Japan. The specially equipped…
November 26, 2012
Argentina debt showdown – NY judge: The court will be obeyed
Argentina has finally run out of wiggle room in a billion-dollar showdown over foreign debts unpaid since the country's world-record default a decade ago, and the stakes couldn't be higher for President Cristina Fernandez. A US federal judge in New…
November 26, 2012
Anti-Morsi Protest in Egypt Turns Deadly, Stocks Tumble
Opponents of Egyptian President Mohammed Morsi have stormed an office of his Muslim Brotherhood movement in the country's north, triggering a fight that killed one person and wounded at least 40 others. Brotherhood leaders identified the fatality as…
November 26, 2012
Bangladesh faactory kills At Least 11o
Fire officials say a lack of emergency exits contributed to the deaths of at least 110 people, when a fire swept through a garment factory in Bangladesh. Authorities said Sunday that the blaze broke out on the ground floor of a multi-story building…
November 26, 2012
Nationalists Take Election in Spain’s Catalonia
Official results from local parliamentary elections in Spain's northeastern region of Catalonia show the majority of seats will go to nationalist parties that favor independence from Spain. Returns from Sunday's vote show the national alliance of…
November 26, 2012
Syrian Rebels Claim Capture of Helicopter Base Near Damascus
Syrian rebels say they have captured a government helicopter base near Damascus as they try to close in on President Bashar al-Assad's seat of power in the capital. A video released by Syrian activists on Sunday appears to show anti-Assad rebels…
November 26, 2012
Egypt’s Morsi to Meet Judicial Council on Decree
Egyptian state media says President Mohamed Morsi will meet members of the country's highest judicial authority Monday to discuss his decree shielding his decisions from judicial review. Mr. Morsi and the judiciary hinted at compromise Sunday to…