Davos: China to open up yuan cautiously
China will carefully open up its yuan to more trading based on market needs and plans to double its level of imports in five years, its commerce minister said on Thursday, as the country liberalizes its economy, now the world's second largest.
Amazon's projected cost of growth hits shares hard
Amazon.com forecast lower margins than some investors hoped for, reflecting the costs of its growth strategy, and shares of the world's largest online retailer plunged 8.5%.
Lawsuits mount for BofA's Countrywide
Bank of America Corp's Countrywide mortgage unit was hit with at least three new lawsuits accusing it of misleading investors about its finances and lending practices, and may face more by other investors who chose not to join a recent class-action settlement.
SanDisk revenue forecast exceeds estimates
SanDisk Corp offered a forecast for the current quarter and 2011 above Wall Street's expectations, in a sign the flash memory supplier continues to benefit from strong demand for mobile devices.
Davos: Rich corporations 'must share wealth'
Poverty and unemployment reared their heads at the World Economic Forum on Thursday, with speakers urging the elite audience to bridge a growing gap between booming multinationals and the jobless poor.
Davos: OPEC says Saudis not raising output
OPEC's top producer Saudi Arabia has not raised output, OPEC's Secretary-General Abdullah al-Badri said on Thursday, adding the group would raise production when it sees imbalances in the market.
Davos: Campaigners challenge Nestle on Ivory Coast cocoa
Global activists challenged major western chocolate makers, including Swiss food giant Nestle, not to buy cocoa from Ivory Coast as long as exports are controlled by Laurent Gbagbo.
Chrysler badly needs cheap loans GM spurns
General Motors Co has taken a big step away from the stigma of its government bailout, just as its smaller rival Chrysler Group LLC furiously lobbies Washington for USD 3 billion in subsidized loans.
Audi says China unit sales of 280,000 possible: TV
Volkswagen unit Audi is "very pleased" with overall unit sales in January, and may reach sales of 280,000 in China in 2011, Audi Chief Executive Rupert Stadler told German TV.
UK police charge son of Pink Floyd star over riot
British police on Thursday charged the stepson of Pink Floyd guitarist David Gilmour for his role in a riot last month where he was photographed swinging from a flag on London's war memorial.
Conclusions of US financial crisis panel: FACTBOX
A divided US investigative panel released on Thursday a wide-ranging assessment of what caused the financial crisis that rocked global markets from 2007-2009.
Stocks in news: IRB Infra, R Power, L&T, Cipla, SAIL
Compact Disc | FDC | Oracle Financial | JSW Steel | NTPC | Murudeshwar Ceramic | ONGC | IRB Infra | Reliance Power | Jet Airways | L&T | Cipla and SAIL are stocks, which are in the news today.
Ganeshaspeaks: Market prediction for Jan 28
Ganesha advises you to compare the next prediction with the prediction of the previous time slot.
End of an era? Let's talk in six months! says Federer
Roger Federer reacted with disdain when asked if Thursday's Australian Open semi-final defeat by Serbia's Novak Djokovic signalled the end of an era in men's tennis.
Dena Bank see net NPA of 1.6-1.7% in FY11
Dena Bank expects to have a net non-performing asset (NPA) ratio of 1.6% to 1.7% for FY11, Executive Director Ashok Dutt told reportes on Thursday.
Tech Mahindra sees margins pressured, inflation a worry
Tech Mahindra, India's No 5 IT outsourcing firm, faces a challenge to maintain margins at about 22% due to rising costs and competition, its chief executive said on Thursday.
Davos: OPEC sees no oil shortage, disputes Saudi rise
Top OPEC officials on Thursday reiterated that oil prices nearing USD 100 were not caused by a shortage of crude, and the group's chief disputed a report that Saudi Arabia had quietly opened its taps.
Nikkei flat, weaker yen offsets S&P downgrade
Japan's Nikkei average opened a tad lower on Friday, but losses were being trimmed as a weaker yen offset the impact from Standard & Poor's downgrade of Japan' sovereign debt late the previous day.
Lupin actively eyeing buys in Latin America
Lupin is actively evaluating acquisition opportunities in Latin America, its managing director said on Thursday.
Sundance films expose secretive lives in Iraq, Iran
A fictional account of the egomaniacal son of Saddam Hussein and a film about two Iranian teenage girls experimenting with sexuality are among the many foreign films winning over audiences at Sundance.
Charlie Sheen in hospital with stomach pains: Report
Actor Charlie Sheen was rushed to a Los Angeles hospital on Thursday morning with severe abdominal pains, celebrity website TMZ.com reported.
Bieber, Ozzy Osbourne team up for Super Bowl ad
Fresh-faced Canadian teen idol Justin Bieber has teamed up with veteran rocker Ozzy Osbourne and his wife Sharon to make a Best Buy commercial for next month's Super Bowl, the US electronics chain said on Thursday.
All but one major firm at risk in 2008: Bernanke
Twelve of the 13 most important US financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.
Davos: China aims to double imports in 5 years
China aims to double its level of imports in five years, its commerce minister said on Thursday, forecasting that US exports to China would double to USD 200 billion over the same period.
Davos: EU watching rare earths closely
The European Union is watching the market for rare earth minerals closely and is determined to secure supplies from China and alternative sources, its top trade official said on Thursday.
