Business

February 9, 2011

Beijing bows to inevitable tightening

With China celebrating the New Year, central bank officials had to break into their holiday to consider changing interest rates. But it cannot have taken them long to decide on an increase. After two increases late last year, many economists…

February 8, 2011

Bank in Antigua told to pay up

The High Court in Antigua has ordered that 400 former employees of the Stanford…

February 7, 2011

AOL buying Huffington Post for $315 million

Online company AOL Inc. is buying online news hub Huffington Post in a $315…

February 7, 2011

Egypt unrest: Banks reopen after week of closure

Some banks in Egypt have reopened for a few hours after a week of closure in the wake of…

February 7, 2011

Japan and Australia to talk trade amid farm sector row

Japan and Australia will hold talks in Tokyo on Monday aimed at securing Japan's first free-trade agreement with a major agricultural exporter. Negotiations fell apart last April over calls to open up Japan's farming sector. For years Japan has…

February 7, 2011

US unemployment down in January as jobless give up

US unemployment fell in January to 9% from 9.4% a month earlier, the Department of Labor said. It is the second such monthly fall, after unemployment fell from a rate of 9.8% in November. But despite this, the number of jobs created, at 36,000, was…

February 7, 2011

India’s economic growth under ‘threat’ from inflation

India's prime minister has warned that the country's rapid economic growth is under "serious threat" from inflation. Manmohan Singh said getting inflation under control was a matter of urgency, raising the prospect of an eighth interest rate rise in…

February 7, 2011

Egypt unrest: Mubarak moves to restart economy

Egyptian President Hosni Mubarak has held talks with ministers to try to revive an economy hit by a wave of anti-government protests. Banks will reopen on Sunday. Finance Minister Samir Radwan says the economic situation is "very serious". Analysts…

February 6, 2011

Nasdaq hackers target service for corporate boards

Hackers broke into a Nasdaq service that handles confidential communications for some 300…

February 4, 2011

Lawsuit: JPMorgan was warned on Madoff

JPMorgan Chase executives suspected that Bernard Madoff's investment strategy was…