Business

December 20, 2011

Britain boycotts IMF eurozone rescue scheme

European countries have agreed to provide 150bn euros (£125bn; $194bn) to the International Monetary…

December 20, 2011

Solving debt crisis tops Denmark’s EU presidency agenda: Minister

Solving Europe's debt crisis will take the center stage in Denmark's upcoming EU presidency, the country's Minister for Europe said here Monday. "The crisis will heavily affect our agenda and we will do our best to secure what we can do to do…

December 20, 2011

Iran signs deal with Russia to develop oil field

Iran has signed a deal reportedly worth up to one billion U.S. dollars with Russia's Tatneft to develop an oil field, a rare example of new foreign investment in a country under tight economic sanctions. For a country under tight economic…

December 20, 2011

AT&T ends $39bn bid for T-Mobile USA

US telecoms giant AT&T has said it will not pursue its $39bn bid to buy T-Mobile USA after running into fierce government objections. AT&T said the actions of the government to block the deal do not change the problems faced by the mobile phone…

December 19, 2011

British govt backs plan to restructure banks

The British government will restructure the country's banks by…

December 19, 2011

Bahamas to get US$50m to improve air transportation

The Bahamas is to receive a US$50 million loan to improve its air transportation system in a programme expected to increase flights within the island chain and modernise its airports. The Inter-American Development Bank says its loan also will be…

December 19, 2011

China’s house prices fall amid curbs

House prices in most Chinese cities have fallen as government policies aimed at cooling the property market start to take effect. New home prices in 49 out of 70 Chinese cities dropped in November from the previous month, the National Bureau of…

December 19, 2011

Vickers report on banks to be accepted in full – Cable

The government will accept the Vickers report into banking "in full", Business Secretary Vince Cable has told the BBC. The report, launched in the wake of the financial crisis, recommended separating banks' retail business from their investment…

December 17, 2011

Fitch revises outlook on France to ‘negative’

Ratings agency Fitch has affirmed France's top-notch AAA credit rating but has revised its outlook on the country to "negative" from "stable". A negative outlook usually means a downgrade is possible in 12-18 months. Fitch said the change in…

December 17, 2011

Ex-Fannie Mae and Freddie Mac bosses charged with fraud

The US financial regulator has brought civil fraud charges against six former top executives at mortgage giants Fannie Mae and Freddie Mac. The Securities and Exchange Commission (SEC) said the executives had misled investors about the companies'…