BIS warns low rates may create ‘financial distortions’
he Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability.
Home » Business
You are browsing entries filed in “Business”
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 tackle the country’s debts. Ahead of the vote, public transport unions protesting over cuts to wages [...]
Euro and shares rise after Irish rescue deal
The euro and global shares have both risen in value, as markets welcomed the bail-out for the Irish Republic.
Making money from Asia’s expanding blogosphere
Nuffnang is a middleman between bloggers and advertisers, putting them in contact with each other. After graduating from The London School of Economics Cheo Ming Shen was inspired by the business opportunities the internet was providing in the West. He decided to set up his own business in Asia, taking advantage of the region’s undeveloped [...]
Bernanke says Fed not trying to spark inflation
The Federal Reserve is trying to help a weak economy with its new $600 billion bond purchase plan, not jump-start inflation, central bank chairman Ben Bernanke said on Saturday. “We’re not in the business of trying to create inflation, our purpose is to provide additional stimulus to help the economy recover and to avoid potentially [...]
World stocks hit fresh two-year highs before Fed
World stocks hit a fresh two-year high on Wednesday while emerging equities rose to their highest level since mid-2008 as investors anticipated further Federal Reserve monetary easing would support the global economy. The Fed announces its monetary policy decision later on Wednesday. Markets are generally priced for the Fed to initially commit to buying at [...]
Did Apple pay big bucks in iAds settlement?
A trademark lawsuit filed against Apple by a Web advertising firm over the term “iAds” was quietly settled in July. No one has disclosed exactly how the case was resolved but Apple now owns the “iAds” trademark, and last week a company peripherally involved in the suit posted a note to the Web that said [...]
Toyota secretly bought problem cars, lawsuit says
Toyota secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims. The repurchase transactions included strict confidentiality agreements barring consumers from disclosing the problem to anyone and from suing the automaker, according to the [...]
Microsoft quarterly profit jumps 51 percent
Microsoft reported a greater-than-expected 51 percent jump in quarterly profit Thursday, helped by higher sales of its flagship Windows and Office software and the launch of the latest blockbuster Halo video game. Its shares, down 14 percent so far this year, rose 1.6 percent in after-hours trading. The world’s largest software company posted a fiscal [...]
Chrysler poised to receive U.S. technology loans
Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more fuel efficient vehicles, according to sources familiar with the matter. The timing of the Energy Department award to Chrysler is fluid, but sources with knowledge of the financing and [...]
U.S. pushes FX and trade target plan at reluctant G20
The United States sought to corral reluctant finance leaders into a deal that would commit emerging markets to cut their current account surpluses and allow their currencies to rise at a meeting on Friday.
Toyota to recall over a million cars in US and Japan
Toyota has announced a recall of more than 1.5 million cars worldwide over brake and fuel pump defects. The carmaker said the decision affected certain Avalon, Highlander and Lexus cars, including 740,000 cars in the US, 600,000 in Japan and 17,000 in the UK. It wants to ensure that fluid does not leak from the [...]