April 8, 2012
US freezes pay for bailout CEOs
Pay for the chief executives of AIG, Ally Financial and General Motors will remain frozen this year, the US Treasury said, after the bailed-out companies failed to sufficiently repay US taxpayers. The companies are the last of seven that…
April 4, 2012
China eyes freer financial markets to boost yuan role
China, the world's second-largest economy, is looking to increase investment…
April 4, 2012
Boao Forum participants optimistic about emerging markets
Business and political leaders from around the world have gathered this week in south China’s island province of Hainan for the Boao forum for Asia. Against the backdrop of the global downturn, their focus is Asia’s economy. But participants are…
April 4, 2012
Spain’s jobless level hits record 4.75 million
The number of Spanish jobseekers rose for the eighth month in a row in March to hit a record 4.75 million. The Labour Ministry said the number of people filing for unemployment benefits rose by 38,769 with the services sector seeing the most jobs…
April 4, 2012
US Federal Reserve stays concerned over growth
The US central bank is concerned that the gains in employment recently will dissipate if growth does not pick up. Some at the Federal Reserve "perceived a non-negligible risk that improvements in employment could diminish as the year progressed,"…
April 4, 2012
Motorola Mobility’s patent lawsuits investigated by EU
Motorola Mobility's patent lawsuits have become the subject of two investigations by the European Commission. It follows complaints by Apple and Microsoft after Motorola tried to block sales of their products. They said that Motorola - which is in…
April 4, 2012
Facebook counters Yahoo’s legal action with a lawsuit
Facebook has responded to a recently-launched legal action by rival Yahoo with a lawsuit of its own. Last month, Yahoo claimed the social network had infringed 10 of its patents, including systems and methods for advertising on the web. Now…
April 1, 2012
EU calls for IMF to boost its war chest
European leaders said they believed the €200bn increase in their fiscal rescue fund agreed on Friday would be enough to persuade non-eurozone countries that Europeans had "done our homework" and lead them to supplement eurozone efforts by…
March 31, 2012
Spain budget: Cuts to total 27bn euros this year
Spain is cutting 27bn euros ($36bn; £22.5bn) from its budget this year as part of one of the toughest austerity drives in its history. Changes will include freezing public sector workers' salaries and reducing departmental budgets by 16.9%. The…
March 31, 2012
Three US credit firms warn of security breach
Visa, Mastercard and Discover have warned that credit card holders' personal information could be at risk after a security breach. The firms said there had been "no breach" of its own system, instead blaming a third party. Security blog…