July 29, 2011
Exxon profits up on higher oil prices
US oil giant Exxon Mobil has reported a rise in quarterly profits on the back of higher oil prices. The company said that net profit rose to $10.7bn (£6.6bn) for the three months to June, up 41% from the same period last year. The profit was its…
July 17, 2011
Volkswagen sells record 4m vehicles over six months
Volkswagen has sold more than 4 million vehicles during the first half of the year, a record for Europe's largest carmaker. Deliveries increased by 14% on the same period last year, led by strong growth in Asian markets. Volkswagen, headquartered in…
July 15, 2011
EU bank stress test results due
The European Banking Authority (EBA) is set to publish the results of stress tests of 90 banks across Europe later. The tests are designed as a financial healthcheck and aim to ensure banks have sufficient capital to withstand difficult economic…
July 15, 2011
Italian Senate passes austerity package
The Italian Senate has passed a tough austerity budget, including cuts of 48bn euros ($67bn; £42bn) over three years. The lower house must also adopt the measures in a vote on Friday. Correspondents say that is likely. Italy has one of the largest…
July 15, 2011
Gold price hits all-time high on US debt concerns
The price of gold has risen to a fresh all-time high of $1,594.16 an ounce, and the dollar has fallen, on concerns the US may default on its debts. The moves came after ratings agency Moody's said it may cut the debt rating of the US, warning…
July 15, 2011
Phone hacking: Murdoch defends handling of crisis
News Corporation's chairman Rupert Murdoch says his company has handled the phone-hacking crisis "extremely well" and will recover. In an interview with the Wall Street Journal, he said it would establish an independent committee to "investigate…
July 15, 2011
S&P says it may downgrade the US’s triple-A debt rating
Standard & Poor's has become the latest ratings agency to issue a warning of a possible downgrade to the US's debt rating. It said there was a "one-in-two" chance that it may cut the US's AAA rating if a deal to raise the government's debt ceiling…
July 14, 2011
Decision to be made on Digicel-Claro merger
A final and joint decision is expected to be made within the next two weeks, regarding the Digicel-Claro merger in Jamaica. The joint decision will be made among Spectrum Management Authority, the Office of Utilities Regulation (OUR) and the Fair…
July 11, 2011
US budget: No new deal in White House talks
Talks at the White House to try to break the deadlock over the US national debt have broken up without agreement. President Barack Obama and congressional leaders have agreed to resume the talks, which ended after 75 minutes, on Monday. Mr Obama is…
July 11, 2011
Qantas sees $122m carbon tax cost and warns of higher air fares
Qantas Airways claims the new carbon tax is likely to increase the cost of its operations by as much as 115m Australian dollars ($122m; £76.7m). However, the airline says the extra cost will be passed on to passengers as it increases fares. Qantas…