Business

December 30, 2010

China corruption problem ‘still very serious’ – report

China says its corruption problem is "still very serious" and has set out new measures to tackle it. In a new report on the fight against corruption, the authorities say more than 200,000 cases have been investigated since 2003. They say their…

December 29, 2010

AIG secures $4.3B in credit lines

AIG, took a step closer to independence from government as it said it had secured…

December 29, 2010

Dow finishes up, Nasdaq down amid thin trading

Stocks closed barely changed Tuesday amid light trading ahead of the New Year's holiday. The blue-chip Dow Jones…

December 29, 2010

China to cut crucial rare earths export quotas

China said it is reducing the amount of rare earths it will export for the first half of the year by more than 10 percent -- likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products. China…

December 29, 2010

Airlines raise fares on many US routes

Passengers whose travel plans were wrecked this week when thousands of flights were canceled might not want to hear it, but airfares are going up again. Several airlines confirmed Tuesday that they are raising prices on many domestic routes by…

December 24, 2010

Japan agrees record 92.4 trillion yen draft budget

The Japanese government has approved a record level of spending of 92.4 trillion yen ($1.1tn;…

December 24, 2010

Toyota pays $10m to fatal Lexus crash family

Toyota has paid $10m (£6.5m) to the family of four people killed in a runaway Lexus car in the US…

December 24, 2010

US consumer spending up again, Commerce Department says

US consumer spending rose modestly in November for the fifth consecutive month,…

December 24, 2010

Greece approves austerity budget amid new strike

The Greek parliament has approved next year's budget, bringing in sweeping austerity measures. The budget imposes more spending cuts and tax rises, as required by the European Union and the International Monetary Fund in exchange for a bailout to…

December 22, 2010

Emerging nations more upbeat on 2011 than G7: survey

Power and prosperity are shifting to the east and to emerging economic nations, a new global poll says. The survey of economic prospects for 2011 suggests the biggest number of optimists live in countries like China, Brazil and India. The survey,…