China to build $8bn oil refinery in Nigeria
China is to build an $8bn oil refinery in Nigeria.
Rio Tinto in $200m Australia investment after tax deal
Mining giant Rio Tinto is investing $200m (£150m) in an expansion of iron ore operations in Western Australia - less than two weeks after a row over a proposed mining tax was settled.
Infosys suffers 2.4% fall in profits
Indian outsourcing giant Infosys has reported 2.4% a fall in profits between April and June.
Stocks surge after Alcoa, CSX report strong profit
NEW YORK – Stocks rose sharply Tuesday after earnings reports from Alcoa and CSX reassured investors about the pace of the economic recovery.
Trade gap widens as imports and exports both rise
WASHINGTON – The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was a hopeful sign for the economic recovery because it suggested U.S. consumers could spend more in coming ...
Job openings drop in May as hiring stays weak
WASHINGTON – Job openings dropped in May from the previous month and layoffs edged up, fresh evidence that employers are reluctant to add workers.
Irish test limits of austerity
DUBLIN – For two long years, the Irish have suffered through harsh government cutbacks and tax increases that have taken a fat chunk out of their take-home pay — painful medicine to avoid national bankruptcy.
No promises as BP set to test if new cap stops oil
NEW ORLEANS – After securing a new, tight-fitting cap on top of the leaking well in the Gulf of Mexico, BP prepared Tuesday to begin tests to see if it will hold and stop fresh oil from polluting the waters for the first time in nearly three months.
Summary Box: Higher stock market boosts rates
RATES CLIMB: A slightly higher stock market lessened demand for safe-haven assets, sending Treasury prices lower and interest rates higher.
Bernanke says spurring credit key to rebound
WASHINGTON (Reuters) – Boosting credit to needy small businesses is "crucial" to sustain a tepid U.S. recovery but how to do so poses a difficult policy challenge, Federal Reserve Chairman Ben Bernanke said on Monday.
India's Infosys quarterly profits disappoint
BANGALORE (AFP) – India's second-biggest software exporter Infosys announced Tuesday a surprise 2.4 percent fall in first quarter consolidated net profit but raised its revenue outlook for the full year.
EU vows transparency in bank stress tests
BRUSSELS – European Union nations on Tuesday pledged "maximum transparency" when they publish the results of stress tests that will show how the region's banks would fare if the economy worsens sharply.
Is This Junk Worth the Risk?
In the financial markets, investors who take risks often reap the biggest rewards. Although most of the bond market has been among investors' favorite places for new money in recent months, junk bonds just might be giving you enough potential reward to ...
Greece success in first debt issue since bailout
ATHENS (AFP) – Struggling Greece raised more money than expected Tuesday after sweetening the terms of its first sale of government debt since a last-minute EU-IMF bailout saved it from default just two months ago.
SEB sells German retail banking to Santander
BERLIN – Sweden's SEB AB says it is selling its German retail bankingBanco Santander of Spain in a deal worth euro555 million ($702 million).
For recyclers, one (complicated) word: Plastics
Just as America is addicted to oil, it's positively hooked on plastic.
Wall Street rallies after upbeat earnings
NEW YORK — Stocks rose sharply Tuesday after earnings reports from Alcoa and CSX reassured investors about the pace of the economic recovery.
Cost of gas should remain steady this summer
Gasoline pump prices should stay in a fairly narrow range this summer, putting less strain on family budgets for summer driving trips and commutes to work.
Americans’ credit scores at new lows
NEW YORK — The credit scores of millions more Americans are sinking to new lows.
Ghost of oil to come scares off summer tourists
It's supposed to be high season in Biloxi, Miss., but George Griffith stands on a stretch of beach where seagulls, tacking into a bullying southeast wind, easily outnumber the dozen or so die-hard tourists testing the surf.
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US financial reform passed by House of Representatives
Apple plans surprise briefing on iPhone 4 antenna issue
