President says will be no tax hike for low-income firms, people

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‘Inflation ...rising in Asia, emerging economies’

WASHINGTON (AFP) ― A top International Monetary Fund official expressed concern Wednesday about overall inflation in emerging countries beyond the current spike in food and commodity prices. Naoyuk...

Updated : 2011.03.03 18:46

Middle East unrest could push oil over $140: Roubini

Nouriel Roubini, an economist who predicted the credit-market collapse, said an expansion of troubles in the Mideast could push oil prices as high as $140 to $150 per barrel, triggering a double-dip ...

Updated : 2011.03.03 18:09

Portugal to get EU rescue this month

Portugal will accept a financial bailout “within the next few weeks” as the cost of issuing debt becomes unsustainable, said Axa Investment Managers, which oversees $714 billion in assets. “The b...

Updated : 2011.03.03 18:09

Toyota recalls 2.17 million vehicles

WASHINGTON (AP) ― Toyota Motor Corp. recalled 2.17 million vehicles in the United States on Thursday to address accelerator pedals that could become entrapped in floor mats or jammed in driver’s si...

Updated : 2011.02.25 18:42

BMW launches new electric, hybrid brand

FRANKFURT (AFP) ― The German luxury carmaker BMW unveiled on Monday its long-awaited new brand, BMW i, with two new models to be equipped with electric and hybrid drive systems from 2013. The group...

Updated : 2011.02.22 18:24

Moody’s cuts outlook for Japan credit rating

Moody's downgrades Japan rating outlook from stable to negative on massive national debt TOKYO (AFP) ― Ratings agency Moody’s on Tuesday cut its outlook on Japan’s sovereign debt to “negative,”...

Updated : 2011.02.22 18:24

Chinese telecom giant calls off U.S. deal

BEIJING (AP) ― A major Chinese telecoms equipment maker is scrapping its effort to acquire a U.S. computer company after a security panel refused to approve the deal. Huawei Technologies Ltd.’s bi...

Updated : 2011.02.21 18:58

Android, video games dominate mobile show

BARCELONA, Spain (AP) ― The 2011 installment of Mobile World Congress, which gathered 60,000 professionals from 200 countries, served as the official coming-out party for the next generation of Googl...

Updated : 2011.02.21 18:57

China ups oil prices, further hikes likely

China, Asia’s biggest oil consumer, increased retail gasoline and diesel prices for the first time this year, aiding state refiners under pressure from $100 crude and prompting bets further increase...

Updated : 2011.02.21 18:15

Spain rules on capital to offer boon for IPO bankers

Spain’s decision to force lenders to meet stricter capital rules or risk state ownership will provide a boon to bankers and lawyers helping them raise funds with stock market listings and asset sale...

Updated : 2011.02.21 18:14

Apple developing smaller, cheaper iPhones: report

WASHINGTON (AFP) - Apple is developing a new lines of smaller and cheaper iPhones and overhauling its software to facilitate users' access to entertainment, photos and video, The Wall Street Journal ...

Updated : 2011.02.14 11:25

Lamborghini uses F1-inspired suspension

GENEVA (DPA) ― The new Lamborghini Aventador, which is set to make its debut at next month’s Geneva Motor Show, will feature a Formula 1 race car-inspired push rod suspension system with superior han...

Updated : 2011.02.13 18:33

Report: Google, Facebook consider buying Twitter

NEW YORK (AP) _ Google Inc. and Facebook Inc. have both held low-level talks with Twitter Inc. about purchasing the privately held social networking service, according to a report published Thursday....

Updated : 2011.02.11 10:48

‘Red hotties’ of Virgin are most attractive cabin crew

Virgin Atlantic Airways has the most attractive flight attendants, according to a survey of 1,000 people by the Business Travel and Meetings Show in London from Feb. 8-9. Businesstraveller.com repo...

Updated : 2011.02.10 10:41

Huffington Post sold to AOL for $315m

NEW YORK (AP) ― Online company AOL Inc. is buying highly-trafficked website Huffington Post in a $315 million deal that represents a big bet on the future of online news. The acquisition, which wil...

Updated : 2011.02.08 10:37
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