US regulators consider 2nd fine against Toyota  2010-04-12 15:02:40

US safety regulators may seek a second penalty against Toyota Motor Corp for knowingly delaying a massive recall over defective accelerator pedals, after imposing a record $16.4 million fine against the automaker on Monday.

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Euro governments offer Greece 30b-euro backstop  2010-04-12 14:56:02

Trying again to halt a debt crisis that has hammered the euro, fellow eurozone governments tossed struggling Greece a financial lifeline Sunday, saying they would make 30 billion euros in loans available this year alone — if Athens asks for the money.

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Macarthur snubs $3.4b bid  2010-04-10 10:59:42

Australia - Macarthur Coal Ltd rejected a A$3.64 billion ($3.4 billion) takeover bid from New Hope Corp, which is battling Peabody Energy Corp and Noble Group Ltd for control of the world's biggest producer of pulverized coal.

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Giant SA power plant gets WB nod  2010-04-10 10:40:49

Eskom Holdings Ltd, South Africa's state-owned electricity supplier, received approval for a $3.75 billion loan from the World Bank (WB) to help build one of the world's largest coal-fired power plants.

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3G licenses go under hammer  2010-04-10 10:24:27

Vodafone Group Plc and Bharti Airtel Ltd may have to pay the Indian government as much as $3 billion each as 15 bidders vie for airwaves to offer faster data services in the world's second-largest wireless market.

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EU agrees on Greek rescue terms, Fitch downgrades  2010-04-10 06:05:33

Euro zone officials agreed on Friday on the terms of a possible financial rescue for Greece as a ratings agency downgraded its debt by two notches citing a worsening economy and rising borrowing costs.

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UK March factory gate inflation hits 16-month high  2010-04-09 17:15:02

British factory gate inflation rose in March at its fastest pace in 16 months, driven by a surge in the cost of oil and a variety of imported goods, official data showed on Friday.

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Oil slips as US jobless data, inventories weigh  2010-04-09 16:16:41

Oil prices fell on Thursday for the second day in a row as a rise in US jobless claims and high crude inventories outweighed upbeat retail sales data in the world's top energy consumer.

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US frims' confidence improves  2010-04-09 15:43:19

US corporate earnings should top forecasts again in the first quarter, but the extent of the stock market's rally means investors are expecting a lot from companies.

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ECB head tries to calm down worries on Greek debt crisis  2010-04-09 10:44:51

The European Central Bank (ECB) President Jean-Claude Trichet on Thursday said default is not a big issue for Greece in a bid to calm down the markets after ECB decided to remain its key interest rate at a record low level of 1 percent.

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