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International Business News


Euro zone's Greek deal wins muted approval

Euro zone leaders won muted approval from financial markets on Friday for a "band aid" agreement to create a safety net for debt-ridden Greece, but a row over the IMF's role flared up just as it had seemed settled.

26/03/2010 03:48 PM

Fitch: reforms mostly a plus for U.S. bank ratings

Proposed reforms for the financial system should reduce the extent of risk-taking by the biggest U.S. banks and may bolster their ratings, Fitch Ratings said on Friday.

26/03/2010 03:40 PM

Wall Street slips on Korea worries and Oracle's drop

Stocks dipped on Friday on geopolitical worries after the sinking of a South Korean naval ship, while a drop in Oracle's <ORCL.O> stock weighed on the tech sector.

26/03/2010 03:16 PM

Nokia buys mobile browser firm Novarra

Top mobile phone maker Nokia has agreed to buy privately-held U.S. mobile browser firm Novarra to improve Web surfing on a wide range of its low-end and mid-range phones.

26/03/2010 03:16 PM

Economic growth revised slightly lower in Q4

The U.S. economy grew at a slightly less brisk pace in the fourth quarter than previously estimated and the momentum is expected to slow this year as the boost from inventories fades.

26/03/2010 02:24 PM

RadioShack up on report of company mulling sale

RadioShack Corp <RSH.N> is exploring alternatives including a share buyback or a possible sale of the company that could net more than $3 billion, the New York Post said, citing sources close to the situation.

26/03/2010 02:24 PM

Bankers named as suspected conspirators in muni suit

Nearly 30 bankers across more than a dozen financial companies have been named by the government as suspected co-conspirators in a broad investigation into the municipal derivatives market, according to court documents.

26/03/2010 02:08 PM

Market trims gains; Nasdaq briefly lower

U.S. stocks trimmed gains and the Nasdaq briefly slipped into negative territory at midday on Friday, with shares of Oracle Corp <ORCL.O> leading technology stocks lower.

26/03/2010 01:40 PM

Consumer sentiment steady in March

Consumer sentiment ended unchanged in March from February, a survey released on Friday showed, while the reading slightly beat expectations.

26/03/2010 01:00 PM

Wall Street gains after Greece deal, consumer data

Stocks advanced on Friday as a standby aid package announced by euro zone leaders eased worries about Greece's debt problems and U.S. consumer sentiment data signaled the recovery was intact.

26/03/2010 01:00 PM

Forex - Brazil central bank calls auction to buy dollars

Brazil's central bank called an auction on Friday to buy U.S. dollars on the spot foreign exchange market as part of an ongoing effort to boost international reserves and limit currency market volatility.

26/03/2010 12:28 PM

AIG's near-collapse yields gold for Wall Street

The crumbling empire of American International Group Inc <AIG.N> is helping to pave Wall Street with gold.

26/03/2010 11:56 AM
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