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Most Asian markets extend New Year's rally
Asian stocks extended their New Year's rally Wednesday, with Japan's index up nearly 2 percent, on hopes that stimulus measures from a new U.S. administration would help speed the world's economic recovery.
Chinese bank says Bank of America selling shares
Bank of America Corp. is selling part of its stake in China Construction Bank Ltd., China's second-largest state-owned lender, in a deal that could be worth up to $3 billion as the U.S. institution raises money ...
Alcoa to cut 13 pct of global work force
Aluminum producer Alcoa Inc. is cutting roughly 13 percent of its global work force by the end of the year as it slashes costs in the face of a deteriorating world economy.
Oil hovers above $48 as demand, Gaza clash mulled
Oil prices were steady above $48 a barrel Wednesday in Asia as investors juggled tensions in the Middle East and more bad U.S. economic news suggesting slowing crude demand.
Chinese tycoon's wife detained in probe
The wife of billionaire Chinese appliance retailer Wong Kwong-yu has been detained as police investigate Wong for possible financial offenses, according to news reports.
Chinese bank says Bank of America selling shares
China Construction Bank says Bank of America is selling part of its stake in the major Chinese lender.
Legal battle in Dow-Kuwaiti deal on the way
Dow Chemical says it will pursue legal action against a state-owned Kuwaiti company that pulled out of a joint venture agreement a week ago, and is already in talks to revive the deal with another partner.
US govt to NY judge: Jail Madoff without bail
A prosecutor on Monday asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewelry, cufflinks and mittens worth more than ...
South Korea announces 'Green New Deal' for jobs
South Korea said Tuesday it will invest 50 trillion won over the next four years on environmental projects in a 'Green New Deal' to spur slumping economic growth and create nearly a million jobs.
US dollar rises, gold falls in morning trading
The U.S. dollar was higher against other major currencies in European trading Tuesday morning.
Builders say $1.3B Dubai race course deal nixed
Companies building the centerpiece of a prominent Dubai race course said Tuesday the original $1.25 billion contract has been canceled, putting the fate of the future site of the Middle East's premier horse ...
Company seeks approval for nasal spray flu vaccine
Drugmaker AstraZeneca submitted a new drug application with European Union authorities to market a nasal spray vaccine against the flu, the company said Tuesday.
European stocks lifted by retailers, automakers
European stock markets rose modestly Tuesday despite Wall Street's setback from the day before as some relatively positive corporate news helped offset concerns about the global economy.
Iceland's Kaupthing to sue UK over bank action
Iceland's state-run Kaupthing bank will sue the British government for its decision to force the bank's British subsidiary into a form of bankruptcy, the Icelandic Prime Minister's office said Tuesday.
Myanmar trade surplus shrinks as gas exports fall
Myanmar's trade surplus shrank in the first nine months of last year on lower exports of gas, according to official statistics.
Euro slips below $1.34 in European trading
The euro slipped to its lowest point in three weeks on Tuesday, dragged down by mounting speculation that the European Central Bank will continue its rate cut campaign in the face of declining inflation across ...
Sanyo Electric Corp. is considering cutting up to 1,000 domestic workers in the next few months, as it scales back unprofitable businesses ahead of an expected buyout by Panasonic Corp., a press report said ...
Europe's services sectors shrank in December
Europe's services sector continued to contract sharply in December while the jobs outlook looked increasingly bleak, closely watched surveys showed Tuesday.
Japan's top CEOs say crisis shows US shortcomings
Japan's business leaders said Tuesday the U.S. financial crisis has shown the shortcomings of America's freewheeling approach to business, but defended the end of this nation's tradition of lifetime employment ...
EU says gas disruptions 'unacceptable'
The European Union calls the sudden and substantial cuts in Russian gas supplies to some member states 'completely unacceptable.' The 27 member states demand that supplies be restored immediately after ...
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Andrea Spira: Beads & Hypocrisy
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Court leaves killer on death row
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