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January 08, 2011 11:25 AM IST US presidents aren't the only ones who make surprise visits to troops in Afghanistan. "The Fighter" Mark Wahlberg made his own trek to the war-torn country in December, but with little media attention that typically follows dignitaries and Hollywood stars.
January 08, 2011 11:25 AM IST Rising food prices will hit the urban poor hardest, a senior World Bank official said on Friday, denting growth in food-importing countries and benefiting farmers, but with stronger emerging currencies protecting some states.
January 08, 2011 11:25 AM IST US President Barack Obama's appointment of Treasury aide Gene Sperling as his new top economic adviser was the latest in a flurry of changes marking his biggest staff shake-up since taking office two years ago.
January 08, 2011 10:32 AM IST ArcelorMittal, the world's largest steelmaker, is set to list its stainless steel unit Aperam at the end of January or in early February, sources close to the matter said on Friday.
January 08, 2011 10:29 AM IST US regulators are considering using a three-part approach to determine if banks are complying with a ban on proprietary trading included in the new financial reform law, according to a Financial Times report.
January 08, 2011 10:29 AM IST US employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate.
January 08, 2011 10:29 AM IST French President Nicolas Sarkozy takes his campaign for greater global food price and currency stability to Washington next week when he seeks Barack Obama's support for France's goals as head of the Group of 20 powers.
January 08, 2011 10:29 AM IST Central banks must avoid letting their purchases of government debt be seen as a way to finance spending, rather than an effort to boost growth, a top Bank of Japan official said on Friday.
January 08, 2011 10:29 AM IST Hedge funds ended the year with double-digit gains but lagged behind the average stock market indexes and fell short of the average stock mutual fund's returns as well as their own more powerful rise in 2009.
January 08, 2011 10:29 AM IST Hewlett-Packard Co is naming a new executive to head up communications, bringing over a veteran from SAP AG.
January 08, 2011 10:29 AM IST The US economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday.
January 08, 2011 10:29 AM IST Ireland will resume borrowing as soon as investors feel more comfortable about its fiscal goals and prospects for other peripheral eurozone countries, the debt management agency said on Friday.
January 07, 2011 10:31 PM IST The recapitalisation of bailed-out insurer American International Group Inc is likely to close next week, a personal familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.
January 07, 2011 09:01 PM IST Tunisian police have arrested a rap singer who released a song critical of government policies as protests against President Zine al-Abidine Ben Ali's rule shook the North African nation, his brother said on Friday.
January 07, 2011 09:01 PM IST Britain plans to auction more radio spectrum in 2012 to mobile telecoms operators who need it to handle increasing amounts of data traffic, communications regulator Ofcom said in a draft annual plan on Friday.
January 07, 2011 08:00 PM IST India and Sri Lanka on Friday signed an agreement to restart sea ferry services shut down for nearly 30 years, the latest sign of resurgent economic ties since the end of Sri Lanka's quarter-century civil war.
January 07, 2011 08:00 PM IST France needs tough laws against industrial espionage to defend itself in a "war" for new technology intensified by the hunger of emerging economies like China, a legislator for the ruling UMP party said on Friday.
January 07, 2011 07:42 PM IST Nippon Steel Corp, the world's No.4 steelmaker, and Tata Steel said on Friday their USD 480 mn cold-rolled sheet steel joint venture will begin production in India by late 2013.
January 07, 2011 07:07 PM IST With political battles looming at home, President Barack Obama will pursue more accomplishments abroad this year, keeping foreign policy high on the agenda despite a main focus on fixing the US economy.
January 07, 2011 06:57 PM IST China's press watchdog said it will ban inexperienced journalists from reporting on securities and futures starting February, in an effort to protect the interests of investors, state news agency Xinhua said on Friday.
January 07, 2011 06:57 PM IST China is likely to raise interest rates two to three times in 2011, as policymakers strive to keep a lid on rising prices, a senior economist from a top government think-tank said on Friday.
January 07, 2011 06:57 PM IST French intelligence services are looking into the role China may have played in an industrial espionage scandal at carmaker Renault that a senior minister has said involved "economic warfare", a government source told Reuters.
January 07, 2011 06:57 PM IST Former British heavyweight boxing champion Gary Mason, who once fought Lennox Lewis for the European title, has died in a cycling accident at the age of 48.
January 07, 2011 06:57 PM IST The Group of 20 leading economies will discuss ways to tackle soaring food prices that are stoking fears of a repeat of the 2008 food crisis, as some Asian countries sought to reassure nervous consumers on Friday.
January 07, 2011 06:54 PM IST Samsung Electronics is banking on surging smartphone sales and a recovery in its memory chip business to help it rebound from a fourth-quarter profit dip, while slugging it out with global rivals to sell a new generation of TVs.
