Business

May 6, 2011

Latin America and the Caribbean was the region with the strongest growth in foreign investment in 2010

In 2010, Latin America and the Caribbean was the region with the strongest percentage…

May 6, 2011

Price Inflation and Food Shock

Today some of what passes for new information has to do with the fact that the price for practically everything with the possible exception of labour is set to move upward. This is what the economists mean when they talk about inflation; that…

May 5, 2011

Swiss seize millions belonging to Duvalier

Switzerland Monday moved to seize more than US$6 million frozen in Swiss…

May 5, 2011

Feds sue Deutsche Bank, alleging mortgage fraud

The federal government sued Deutsche Bank on Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied in order to join a government programme that insured mortgages. The lawsuit in US District…

May 5, 2011

US stocks wobble as earnings rally slows

AFTER two weeks of strong earnings pumped up the US markets, weak results from Pfizer and others deflated a broad earnings rally yesterday. The world's largest drug maker posted lower-than-expected quarterly results yesterday, slowing a parade of…

May 5, 2011

GM sales jump 26% on small car sales gains

General Motors' US car and truck sales jumped 26 per cent in April as the economy continued to improve and higher gasone prices pushed buyers into more fuel-efficient vehicles. The largest US car company sold 232,538 vehicles last month, led by a…

May 4, 2011

Sony hires detectives after gamers lose personal data

Sony has hired investigators after a breach of security, in which the personal data of more than…

May 4, 2011

India raises interest rates again to tackle inflation

India's central bank has raised its key interest rate for the ninth time in 15 months in an attempt to curb inflation. The Reserve Bank of India raised the rate at which it lends to commercial banks to 7.25% from 6.75%, a bigger increase than had…

May 4, 2011

Swiss freeze $1bn in Gaddafi, Mubarak, Ben Ali assets

Switzerland says it has frozen nearly $1bn worth of assets linked to Libya's Muammar Gaddafi and the deposed leaders of Egypt and Tunisia. Swiss Foreign Minister Micheline Calmy-Rey said some 830m Swiss francs (£580m; $960m) had been discovered.…

May 4, 2011

Avon net rises sharply on Latin America strength

Raising prices and selling more products in Latin America, its largest market, helped cosmetics seller Avon Products Inc more than triple its first-quarter profit, the company said yesterday. Avon’s net income and revenue beat expectations, and…