World Bank issues yuan-denominated bonds

The World Bank is issuing its first bonds denominated in China's yuan in Hong Kong, joining a growing number of borrowers tapping the new debt market as Beijing gradually promotes its tightly controlled currency abroad. The World Bank said buyers…

Bahamas casinos post revenue declines

Casinos in The Bahamas are reporting revenue declines in 2010 as steep as 18 percent in at least one case, Guardian Business has learned. Of the three casinos in The Bahamas, Crystal Palace saw the highest revenue drop, down by 18.5 percent or $5…

US car sales confirm auto industry recovery

US carmakers have reported strong sales for December, confirming the auto industry's steady recovery during 2010. Chrysler…

Mega Millions: A long shot at $355 million

Gamblers lined up Tuesday at newsstands and gas stations in 41 states and Washington, D.C., hoping to overcome astronomical odds and win one of the largest jackpots in U.S. lottery history.

BP shares jump 6% on takeover reports

BP shares have surged almost 6% after reports that rival Royal Dutch Shell considered a takeover bid following the…

Bank of America pays Fannie Mae and Freddie Mac $2.6bn

Bank of America has agreed to pay US mortgage giants Fannie Mae and Freddie Mac about $2.6bn (£1.7bn) to settle claims…

Porsche shares surge on hopes of VW merger

Shares in German carmaker Porsche have soared after a US judge dismissed a lawsuit that had threatened to de-rail a planned merger with Volkswagen Two hedge funds claimed more than $2bn (£1.3bn) in damages over a 2008 deal in which Porsche bought…

Europe’s Eastern periphery

"There are more risks to being inside the eurozone than being outside." Those were…

Russia-China oil pipeline opens

The first oil pipeline linking the world's biggest oil producer, Russia, and the world's biggest consumer of…

FirstCaribbean hikes fees on New Year’s Day

FirstCaribbean International Bank Jamaica has slapped huge increases on a range of transactions effective New Year's…