Business Archive
  • »Euro zone backs Greek reform plan, four-month aid extension

    Tue 24 February / Feb 2015. 06:45 PM
    Greece secured a four-month extension of its financial rescue on Tuesday when its euro zone partners approved a reform plan that backed down on key leftist measures and promised that spending to alleviate social distress would not derail its budget.
  • »Rent walkouts point to strains in U.S. farm economy

    Mon 23 February / Feb 2015. 07:51 PM
    Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.
  • »HSBC bank 'helped clients dodge millions in tax'

    Mon 9 February / Feb 2015. 12:03 PM
    Britain's biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned.
  • »Apple posts the biggest quarterly profit in history

    Wed 28 January / Jan 2015. 10:18 AM
    US technology giant Apple has reported the biggest quarterly profit ever made by a public company.
  • »Wall Street tumbles with Microsoft, Caterpillar; data weighs

    Tue 27 January / Jan 2015. 07:47 PM
    U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.
  • »Pfizer's 2015 forecast disappoints, crimped by generics, dollar

    Tue 27 January / Jan 2015. 07:46 PM
    Pfizer Inc reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar.
  • »Oil edges up on weaker dollar; traders wary of big stock build

    Tue 27 January / Jan 2015. 07:45 PM
    Oil rose on Tuesday as a weaker dollar propped up commodities priced in the currency, but gains were limited by fears of another large build in U.S. crude stocks and that the seven-month long selloff in oil has yet to peak.
  • »IMF cuts global economic growth forecast

    Tue 20 January / Jan 2015. 11:25 AM
    The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
  • »Oil prices slip on record Iraq output

    Mon 19 January / Jan 2015. 06:33 PM
    Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production.
  • »Deutsche Bank mulls retail float, tie with foreign banks - source

    Wed 14 January / Jan 2015. 05:45 PM
    Deutsche Bank is considering splitting off its retail division and listing it on the stock exchange should German lawmakers approve measures forcing banks to isolate risky trading activities, a person with knowledge of the discussions said.
  • »Oil steadies but stays under pressure on World Bank growth cut

    Wed 14 January / Jan 2015. 05:44 PM
    Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.
  • »Wall St. drops on global economic worries

    Wed 14 January / Jan 2015. 05:43 PM
    U.S. stocks slumped shortly after the opening bell on Wednesday to extend recent declines, as worries over weak economies globally continued to pressure commodities and as U.S. retail sales for December fell short of expectations.
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