The world’s third-largest economy just keeps on growing, and these wunderkinds aim to take advantage of it.
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The 2010 Winter Olympics wrapped up in Vancouver with a nail-biting ice-hockey final between Canada and the US followed by a boisterous closing ceremony that helped erase the games’ early disappointments
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British life insurer may buy AIG’s Asian business
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Hedge funds have made large profits from Greek debt and providing insurance to overexposed European banks, it emerged on Sunday. France signalled that private lenders were likely to help in any rescue plan for Athens
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Investors are pricing in big interest rate rises in emerging market economies this year, sparking fears of a stock market sell-off and prompting worries over the global recovery, which has been driven by the developing world
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Company plans to raise $2bn-$3bn this year from selling assets that are not central to its growth plans, particularly downstream assets such as refining and marketing operations in mature markets such as Europe
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American International Group Inc., majority owned by the U.S. government after a massive bailout, is close to a $35.5 billion deal to sell its Asian life insurance operations to Britain’s Prudential PLC, according to a online report published Sunday.
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Hollywood’s hopes for a future built on digital film downloads have been severely undermined by research showing cooling consumer demand for movies online
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The massive earthquake that struck Chile this weekend did between $15 billion and $30 billion in damage to the South American nation’s economy, according to a risk management assessment firm.
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US building equipment group Caterpillar has become the latest company to bow to a lobbyists’ ‘name and shame’ campaign by announcing steps to sever trading links with Iran
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Move highlights the continuing trend of consolidation in the global pharmaceuticals sector as drug companies search for new revenues
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Move highlights the continuing trend of consolidation in the global pharmaceuticals sector as drug companies search for new revenues
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Manufacturing companies in the US are struggling to find workers with technical skills even though the sector has shed more than 2m jobs in the past two years. The shortage of skilled staff could restrict companies’ ability to step up production as the economic recovery gathers pace
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Democrats will this week push forward with their plans to pass healthcare reforms in spite of continuing Republican opposition, with Congressional leaders saying “time is up” for discussion on the year-long effort to overhaul the US’s $2,500bn medical system
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Fear turned to desperation as hundreds of survivors fought over food and water in the cities worst affected by Chile’s devastating earthquake at the weekend, which killed at least 700 people
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Spain, at four times the size of Greece in terms of its economy, is by far the largest of the eurozone’s budgetary laggards that will be facing renewed scrutiny, and probably higher financing costs, in the sovereign debt markets
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Gordon Brown placed ’jobs, jobs, jobs’ at the heart of Labour’s election campaign as he portrayed the Tories as a party of fox-hunting, tax cuts for the rich and the preservation of hereditary peers
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Warren Buffett hits at top executives of banks and other institutions that collapsed during the financial crisis, saying they alone should be held accountable for risk management failures
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Money is starting to flow back into US private mortgage insurance, a sign that some investors expect an upturn in the housing market
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The board of AIG is locked in talks this weekend to decide whether to sell AIA, the stricken insurer’s huge Asian arm, to Prudential of the UK for more than $30bn – or proceed with a planned listing of the unit
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AIG and Prudential are on the verge of sealing a deal for the sale of AIA, the US life insurance company’s Asian business, to the UK’s biggest insurer for up to $35bn, with a deal expected to be announced this week
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Some 2m German public-sector workers will get a pay rise this year that is only slightly above the level of inflation, another sign that German unions are willing to be flexible to protect jobs
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The allies of Umaru Yar’Adua, Nigeria’s ailing president whose return to the country last week sparked renewed uncertainty, are under pressure to relinquish power
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Barclays Capital is to further bolster its ranks in Asia with the hiring of one of the region’s leading investment bankers
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Tax season is upon us. And while nobody likes shelling out their hard-earned dollars to the IRS, this year the government is offering up some new opportunities that could save you big money. As part of the American Recovery and Reinvestment Act, or stimulus bill, Congress introduced several new tax goodies that [...]
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