World Business

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Massive cuts loom over UK  2010-07-06 10:31:20

UK government departments have been told to plan for spending cuts of as much as 40 percent as Chancellor of the Exchequer George Osborne seeks to narrow a record budget deficit.



Tech sector suffering most in US  2010-07-05 09:56:44

Technology companies are suffering some of the US stock market's biggest losses, sending the Nasdaq-100 Index to the longest losing streak in its 25-year history.



UK's debt repayment ability praised by Moody's  2010-07-05 10:22:16

UK government bonds posted a second weekly gain as signs that the global economic recovery may be losing steam spurred demand for the safest assets.



Fake money haunts small businesses in US  2010-07-05 10:24:22

Fake money has become a growing problem for small businesses in the United States, cutting into profits at firms, many of which are already struggling in the tight economy, a newspaper report said on Sunday.



Wilmar to buy CSR's sugar division for $1.5b  2010-07-05 13:55:22

Wilmar International Ltd, the world's largest palm oil trader, agreed to buy CSR Ltd's sugar unit for A$1.75 billion ($1.5 billion), beating China's Bright Food Group Co's bid for Australia's biggest refiner.



Canada seeks to beef up its industry  2010-07-05 11:22:14

As first stage of import ban is lifted, Ottawa looks for big gains from its herds of Angus, Hereford, Simmental and Charolais cattle.



US unemployment rate drops to 9.5% in June  2010-07-03 15:11:08

The US unemployment rate fell to 9.5 percent in June, but nonfarm payroll employment declined by 125,000 workers, the Labor Department reported Friday.



IMF board okays $20b credit line for Poland  2010-07-03 14:06:03

The International Monetary Fund said on Friday its board approved a $20.43 billion flexible credit line for Poland.



Apple 'stunned' to find iPhones show too many bars  2010-07-03 10:56:58

IPhones have for years been using a "totally wrong" formula to determine how many bars of signal strength they are getting.



Troubled Toyota to recall 270,000 cars globally  2010-07-03 10:44:31

Toyota Motor Corp will recall 270,000 Lexus and other vehicles worldwide to fix faulty engines in the latest quality lapse at the world's No 1 automaker. Toyota plans recall; may cost $228m



S Korea investors get more bullish  2010-07-02 14:48:42

Toyota plans recall; may cost $228m  2010-07-02 14:35:58

Heads may roll in AIG power struggle  2010-07-02 13:34:25

US auto sales dip from May  2010-07-02 13:17:31

Sweet deal ends era for Tate & Lyle  2010-07-02 10:25:38



Nestle to expand in emerging markets  2010-07-01 09:39:47



'Spirit of unity' prevails at summit  2010-06-29 09:10:05

Indonesia gets US climate funds  2010-06-29 07:36:14

Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

Maintaining that oh so youthful look

Rising salaries drives firms west

Funeral companies a dead cert for investors

Silk Market dismisses fake goods report

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Major Markets
Name Value Change Time
Shanghai 2,996.21 +1.83% Mon
Shenzhen 13,140.88 +1.92% Mon
HSI 23,313.19 -0.41% Mon
NIKKEI 10,505.02 -1.76% Mon
Dow 12,090.03 -0.66% Mon
Nasdaq 2,745.63 -1.40% Mon