Buffett to testify before financial crisis panel  2010-06-02 15:02:17

Billionaire investor Warren Buffett and the CEO of credit rating agency Moody's Corp. are scheduled to face questions Wednesday from a bipartisan panel probing the roots the financial crisis.

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Aussie miners, govt talk up possible tax deal  2010-06-02 11:43:21

The Australian government and miners talked on Wednesday of a possible compromise deal over Canberra's planned mining tax, with both sides looking to tone down a row that has hurt local markets and unnerved investors.

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Global manufacturing slows in May  2010-06-02 11:33:12

Manufacturing growth slowed across the globe in May but there was some relief in the United States where there was scant evidence of any impending slump caused by Europe's debt crisis.

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Bond sales risk for European bankers  2010-06-02 09:58:05

Europe's banks will have to write off 195 billion euros ($237 billion) of bad debts by 2011 and their ability to sell bonds may be curtailed as governments finance fiscal deficits, the European Central Bank (ECB) said.

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Australia keeps interest rate unchanged at 4.5%  2010-06-02 09:53:53

Australia's central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20.

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Dubai Holding unit posts $6.2b loss in new hit  2010-06-01 18:04:33

Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances.

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Aussie consumers show resilience to rising interest rates  2010-06-01 17:22:14

Australian consumers have been showing some resilience to rising interest rates, forking out over A$20.1 billion ($16.85 billion) at the shops in April, new data showed on Tuesday.

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GM Brazil announces new investment of $386m  2010-06-01 17:16:30

The Brazilian subsidiary of General Motors Co plans to spend $386 million to develop and produce a new model of Chevrolet.

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EU probes Unilever takeover of Sara Lee unit  2010-06-01 17:11:58

European Union regulators said Tuesday they will closely investigate Unilever's 1.28 billion euro bid for Sara Lee Corp's personal care business because they think the deal could give the new company too much power in some markets.

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India's economy grows 8.6%, adding pressure on rates  2010-05-31 16:37:53

India's economic growth accelerated, adding pressure on the central bank to raise interest rates even as Europe's sovereign-debt crunch threatens the global recovery.  

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