Business

December 15, 2011

Bernanke worries Europe’s woes will spill into U.S.

Federal Reserve Board Chairman Ben Bernanke told Republican senators on Capitol Hill on Wednesday that he's concerned about European sovereign debt problems spilling over to the U.S. economy, according to senators. The Senate Republican caucus…

December 15, 2011

China to tax US-made car imports in trade dispute

China will levy duties on some cars made in the US in the latest escalation of trade disputes between the two largest economies. China's commerce ministry said in a statement that vehicles were being dumped on the Chinese market, causing damage to…

December 15, 2011

Hong Kong stock market debuts struggle in weak market

Shares in two of Hong Kong's biggest stock market flotations this year have fallen in their first day of trading. Shares in jeweller Chow Tai Fook fell as low as HK$13.66 in morning trade, down 9% from an offer price of $15. New China Life, an…

December 14, 2011

Iraq PM Nouri al-Maliki calls for US investment

Iraqi Prime Minister Nouri al-Maliki, has called on US business leaders to invest in his…

December 14, 2011

Olympus submits earnings to try and avoid delisting

Japan's scandal-hit camera maker Olympus has filed revised earnings reports to try and avoid being delisted by the Tokyo Stock Exchange. The firm filed reports going back five years, three hours before a deadline passed which would have seen it…

December 14, 2011

Euro drops below $1.31 for first time since January

The euro has dropped to an 11-month low against the dollar as concerns continue over the future of the eurozone. The euro fell below $1.31 for the first time since January. Against the pound, one euro bought 84.20 pence. Last week, 26 of the 27…

December 14, 2011

US Federal Reserve continues ‘Operation Twist’ stimulus

The US Federal Reserve has left interest rates unchanged and said that it will continue with its bond-buying stimulus programme. However, one member of the Fed's rate-setting dissented and wanted more stimulus to the economy. The Fed said it…

December 14, 2011

Apple founding papers sold at auction for nearly $1.6m

Apple's founding papers have been sold at auction for $1,594,500 (£1.03m). Sotheby's had estimated the three typed partnership agreements would sell for between $100,000 and$150,000. The documents were signed by the firm's three co-founders, Steve…

December 13, 2011

Gingrich’s ‘mind boggling’ tax plan

Every Republican presidential hopeful has a plan to cut taxes. But one candidate's plan has…

December 13, 2011

Asian chipmakers fall after Intel cuts sales forecast

Shares in Asian makers of computer chips fell on Tuesday, after Intel cut its revenue forecast. Intel, the world's largest maker of microprocessors, said on Monday it was due to a shortage of hard disk drives. Severe flooding in Thailand, which has…