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  • Singapore's Armarda in talks to buy Chinese firm

    2010-12-30 13:34

    Singapore-listed information technology company Armarda is planning to acquire a Chinese company in the next few weeks.

  • Oil falls in light year-end trade

    2010-12-30 11:11

    Crude prices fell on Wednesday in light trade as investors took profit from earlier gains before year-end.

  • US bank failures set 18-year high in 2010

    2010-12-30 09:51

    The number of US banks gone into bankruptcy this year reached the highest level since 1992, according to media report on Wednesday.

  • Iran foresees crude price at $100 per barrel

    2010-12-27 15:52

    Iran's OPEC Governor Mohammad Ali Khatibi said that the crude price may reach $100 per barrel, the local satellite Press TV reported on Monday.

  • China-EU economic ties boosted in 2010

    2010-12-27 10:04

    As Europe continued its recovery from the global economic crisis, China-EU economic and trade relations were further boosted in 2010. Despite trade frictions and disputes, officials and businesses saw great potential in future ties.

  • China lends Bolivia $251m to fund satellite

    2010-12-24 09:41

    China's development bank will lend Bolivia $251 million to finance the South American country's first communications satellite, according to a contract signed by both countries on Thursday.

  • Portugal's debt rating downgraded by Fitch

    2010-12-24 09:29

    Portugal has had its credit rating downgraded by the Fitch Ratings agency amid mounting concerns over the country's ability to raise money in the markets to finance its hefty borrowings.

  • Report: Treasury OK'd US business with Iran

    2010-12-24 09:01

    The New York Times is reporting that the Treasury Department has granted nearly 10,000 exceptions to American companies over the past decade so that they could skirt US sanctions on Iran and other countries the US considers sponsors of terror.

  • Gold a 'reference point' to monetary system reform: WB

    2010-12-23 10:42

    World Bank President Robert Zoellick on Wednesday reaffirmed his proposal to use gold as a "reference point" to reform the current international monetary system in Paris.

  • Bolivia to end 2010 with $2.7 billion external debt

    2010-12-22 14:00

    Bolivia's external debt will exceed 2.7 billion US dollars, 50 million dollars more than in 2009, the Central Bank of Bolivia (BCB) said Tuesday.

  • EU to issue bonds to raise money for Ireland

    2010-12-22 11:02

    The European Union (EU) and the European Financial Stability Facility (EFSF) will begin to issue bonds in January to provide financial aid to Ireland, the European Commission said on Tuesday.

  • Toyota agrees to $32 million fine in US safety probe

    2010-12-21 15:39

    Toyota Motor Corp has agreed to pay $32.4 million in fines related to two investigations of the automaker's handling of auto recalls for unintended acceleration and steering problems in several models, US regulators said on Monday.

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