Business

February 15, 2011

Obama’s wackiest budget cuts

The funding grants nobody wants. The "mobile" policing unit that doesn't get around much. How about the big fancy telescope that has been mismanaged? President Obama's 2012 proposal lists more than 200 programs that he wants to cancel or cut, for…

February 12, 2011

Shares rally as Mubarak resigns

Global markets have climbed and the price of oil fallen after Hosni Mubarak stepped down as…

February 12, 2011

South Korea holds interest rates despite pricing fears

South Korea's central bank has left its main interest rate unchanged at 2.75%, bucking a trend that has seen borrowing costs rise across Asia as policymakers try to slow inflation. Analysts said the bank wanted to see the impact of a surprise…

February 12, 2011

Greece needs to make faster reforms, says IMF

Greece is making economic progress but needs to carry out reforms faster, the EU and International Monetary Fund (IMF) have said after approving their latest tranche of aid to the country. In May, the organisations agreed a rescue package worth…

February 12, 2011

Spain’s economy grew 0.2% in last quarter of 2010

The Spanish economy expanded by 0.2% in the fourth quarter, according to official estimates, boosted by exports. For the whole of 2010 the National Statistics Institute estimated that the economy had contracted by 0.1%. In September, the Spanish…

February 11, 2011

Lime loses JA$1.3 billion in first quarter

Losses have continued to grow in the quarter ended December 2010 for telecoms company LIME Jamaica according to the latest published financial report. But bosses are pointing to plans which it is hoped would lead to a turnaround to profitability for…

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…