News
Apple becomes world's most expensive corporation
11:30 10.08.2011 |
Business
Steve Jobs's Apple has become world's most expensive corporation. Apple's stocks went 3.2% up on New York Stock Exchange, which increased the capitalization of the company up to $338 billion
Credit Suisse slashes jobs
15:00 28.07.2011 |
Business
Swiss bank Credit Suisse is cutting about 2,000 jobs after a second quarter hit by weak trading activity and the strong Swiss franc.
European leaders agree on 109 billion EUR bailout for Greece
14:54 22.07.2011 |
Business
Europe's financial markets modestly welcomed the latest euro-zone agreement early Friday on a new financing package for Greece and measures to prevent contagion from spreading.
Germany and France agree on joint position to save Greece
18:00 21.07.2011 |
Business
Spanish and Greek bonds rose after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed on a joint position to solve Greece's debt crisis.
Ben Bernanke will do his best to avoid deflation
15:29 14.07.2011 |
Business
Federal Reserve Chairman Ben Bernanke will do whatever it takes to avoid deflation and the main beneficiary of the Fed chairman's policy response is likely to be President Obama and his re-election hopes, according to Thanos Papasavvas, the Head of Currency Management at Investec Asset Management
China's GDP exceeds market expectations growing by 9.5%
15:35 13.07.2011 |
Business
The latest quarterly data report from the National Bureau of Statistics showed China's gross domestic product rising 9.5% y/y during the second quarter -- a touch above market expectations of 9.4% -- while the key industrial output growth indicator surged 15.1% y/y in June, far outpacing both May's 13.3% reading and the market's expectation of a 13...
