Obama, world want bold signs from Europe at G-20

With global anxiety rising, President Barack Obama is searching for bolder, swifter signals from Europe that it will contain its financial mess and keep it from torpedoing the US economy and his re-election chances along with it. Yet as he…

Asia markets up as Greece voters back pro-bailout party

Asian markets have rallied after support for pro-bailout parties in Greece's elections on Sunday. New Democracy, which came top, has backed the two bailouts of Greece by the European Union (EU) and International Monetary Fund (IMF). There had been…

Ex-Goldman Sachs director Rajat Gupta guilty of fraud

A former Goldman Sachs board member has been found guilty of four criminal counts of insider trading by a federal court in New York. Rajat Gupta, 63, denied illegally leaking boardroom secrets to Raj Rajaratnam, a former hedge fund manager now…

Caribbean businesses must focus on competitiveness

TRADE and Competitiveness in the Caribbean was one of the key subjects discussed at last week’s three-day conference on Trade Policy in Barbados. There were a number of presentations with one of them being done by Annabelle Haynes of the…

Australia’s Fairfax cuts jobs and changes newspapers

Australia's Fairfax Media will shed 1,900 jobs over three years and give two high-profile broadsheets a new "compact" format, it has announced. Websites of the two newspapers, The Age and The Sydney Morning Herald, will also introduce pay walls…

Italy selling off state assets to reduce debt mountain

The Italian government hopes to raise 10bn euros (£8.1bn; $12.6bn) selling off three state-owned companies, in a bid to reduce its crippling debt mountain. Prime Minister Mario Monti described the measures, which include a reduction in the number…

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