http://bigpondnews.com/rssfeed/Finance/WorldBusiness Latest World Business articles. en Fri, 25 May 2012 14:40:31 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Syria_cant_open_US_account_to_pay_UN_753963.html Syria's UN ambassador says Syria can't pay its UN dues as US banks won't allow the country an account. Fri, 25 May 2012 03:37:25 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Syria_cant_open_US_account_to_pay_UN_753963.html http://bigpondnews.com/articles/Finance/2012/05/25/India_pipe_firm_hit_with_steep_dumping_753961.html The US govt has hit a major Indian steel pipe exporter with anti-dumping duties of more than 48 per cent. Fri, 25 May 2012 03:37:21 GMT http://bigpondnews.com/articles/Finance/2012/05/25/India_pipe_firm_hit_with_steep_dumping_753961.html http://bigpondnews.com/articles/Finance/2012/05/25/ECBs_Draghi_says_EU_in_crucial_moment_753923.html European Central Bank president Mario Draghi has stressed the importance of a growth pact. Fri, 25 May 2012 01:53:00 GMT http://bigpondnews.com/articles/Finance/2012/05/25/ECBs_Draghi_says_EU_in_crucial_moment_753923.html http://bigpondnews.com/articles/Finance/2012/05/25/Crisis_clouds_gather_over_German_economy_753922.html Exports and consumer demand are cushioning Germany against recession, but crisis clouds are gathering. Fri, 25 May 2012 01:52:58 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Crisis_clouds_gather_over_German_economy_753922.html http://bigpondnews.com/articles/Finance/2012/05/25/Vatican_bank_chief_ousted_753918.html The Vatican says the head of its bank, who is being investigated in a money laundering case, was ousted. Fri, 25 May 2012 01:52:44 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Vatican_bank_chief_ousted_753918.html http://bigpondnews.com/articles/Finance/2012/05/25/Airbus_offers_profits_from_wider_seats_753917.html Airbus is offering US airlines buying its A320 passenger jet extra-wide seats for obese passengers. Fri, 25 May 2012 01:52:43 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Airbus_offers_profits_from_wider_seats_753917.html http://bigpondnews.com/articles/Finance/2012/05/25/Euro_hit_stocks_in_technical_bounce_753915.html The euro hit near-two-year lows as European and US data offered little light and an EU summit failed. Fri, 25 May 2012 01:52:38 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Euro_hit_stocks_in_technical_bounce_753915.html http://bigpondnews.com/articles/Finance/2012/05/25/Britains_recession_deeper_than_expected_753910.html Britain's recession is deeper than first thought, according to revised official first quarter figures. Fri, 25 May 2012 01:52:26 GMT http://bigpondnews.com/articles/Finance/2012/05/25/Britains_recession_deeper_than_expected_753910.html http://bigpondnews.com/articles/Finance/2012/05/24/EU_summit_ends_with_Greek_warning_753723.html A EU summit ended with a warning to Greece that it must stick to its bailout terms if it stays with the Euro Thu, 24 May 2012 08:58:40 GMT http://bigpondnews.com/articles/Finance/2012/05/24/EU_summit_ends_with_Greek_warning_753723.html http://bigpondnews.com/articles/Finance/2012/05/24/Economic_recovery_tipped_to_drive_growth_753720.html The NZ government is forecasting a healthy recovery in the economy, with GDP rising to 3.4per cent. Thu, 24 May 2012 08:53:53 GMT http://bigpondnews.com/articles/Finance/2012/05/24/Economic_recovery_tipped_to_drive_growth_753720.html http://bigpondnews.com/articles/Finance/2012/05/24/China_manufacturing_slows_again_753701.html Chinese manufacturing contracted in May for the seventh consecutive month as exports deteriorated. Thu, 24 May 2012 08:29:19 GMT http://bigpondnews.com/articles/Finance/2012/05/24/China_manufacturing_slows_again_753701.html http://bigpondnews.com/articles/Finance/2012/05/23/Market_gains_not_enough_to_save_Greece_753155.html Political and financial uncertainty has seen Greek shares drop to their lowest level in 22 years. Tue, 22 May 2012 20:41:28 GMT http://bigpondnews.com/articles/Finance/2012/05/23/Market_gains_not_enough_to_save_Greece_753155.html http://bigpondnews.com/articles/Finance/2012/05/23/IMF_calls_on_UK_to_boost_economy_753153.html The IMF has issued a tough assessment of UK economic policy, urging the gov't to do more to boost demand. Tue, 22 May 2012 20:41:22 GMT http://bigpondnews.com/articles/Finance/2012/05/23/IMF_calls_on_UK_to_boost_economy_753153.html http://bigpondnews.com/articles/Finance/2012/05/23/European_stocks_rally_ahead_of_EU_summit_753152.html European stocks have rallied in a second day of gains after recent sharp losses. Tue, 22 May 2012 20:41:20 GMT http://bigpondnews.com/articles/Finance/2012/05/23/European_stocks_rally_ahead_of_EU_summit_753152.html http://bigpondnews.com/articles/Finance/2012/05/23/Facebook_sinks_as_US_stocks_close_lower_753156.html US stocks have given up early gains and finished flat as investors dumped Facebook shares for a second day. Tue, 22 May 2012 20:40:49 GMT http://bigpondnews.com/articles/Finance/2012/05/23/Facebook_sinks_as_US_stocks_close_lower_753156.html http://bigpondnews.com/articles/Finance/2012/05/22/Facebook_shares_sink_below_IPO_price_752756.html Facebook shares plunged nearly 11 per cent on Monday during the stock's first full day of trade. Mon, 21 May 2012 23:08:41 GMT http://bigpondnews.com/articles/Finance/2012/05/22/Facebook_shares_sink_below_IPO_price_752756.html http://bigpondnews.com/articles/Finance/2012/05/22/Obama_urges_effective_coordination_752755.html US President Barack Obama has called for a 'more effective co-ordination' among eurozone nations. Mon, 21 May 2012 23:08:24 GMT http://bigpondnews.com/articles/Finance/2012/05/22/Obama_urges_effective_coordination_752755.html http://bigpondnews.com/articles/Finance/2012/05/22/US_shares_solid_gains_not_Facebook_752720.html US shares have racked up strong gains with the Nasdaq adding nearly 2.5 per cent helped by an Apple surge. Mon, 21 May 2012 21:30:54 GMT http://bigpondnews.com/articles/Finance/2012/05/22/US_shares_solid_gains_not_Facebook_752720.html http://bigpondnews.com/articles/Finance/2012/05/22/European_stocks_rebound_on_G8_support_752695.html Euro stock markets have rebounded as G8 support for Greece to remain in the eurozone boosts sentiment. Mon, 21 May 2012 20:21:02 GMT http://bigpondnews.com/articles/Finance/2012/05/22/European_stocks_rebound_on_G8_support_752695.html http://bigpondnews.com/articles/Finance/2012/05/22/Spain_names_firms_to_value_uneasy_banks_752694.html Spain says it has hired two consultancy firms to audit its banks, but denies any need for a foreign bailout. Mon, 21 May 2012 20:21:01 GMT http://bigpondnews.com/articles/Finance/2012/05/22/Spain_names_firms_to_value_uneasy_banks_752694.html http://bigpondnews.com/articles/Finance/2012/05/22/JPMorgan_suspends_share_buyback_plans_752693.html JPMorgan Chase CEO Jamie Dimon has said the bank is suspending plans to buy back its own stock. Mon, 21 May 2012 20:20:59 GMT http://bigpondnews.com/articles/Finance/2012/05/22/JPMorgan_suspends_share_buyback_plans_752693.html http://bigpondnews.com/articles/Finance/2012/05/21/Chinese_company_to_buy_theatre_chain_752535.html A Chinese company has announced it will buy US cinema chain AMC Entertainment Holdings for $US2.6 billion Mon, 21 May 2012 07:13:58 GMT http://bigpondnews.com/articles/Finance/2012/05/21/Chinese_company_to_buy_theatre_chain_752535.html http://bigpondnews.com/articles/Finance/2012/05/21/NZ_airline_ownership_change_proposed_752532.html The New Zealand government is proposing removing limits on foreign ownership of its nation's airlines. Mon, 21 May 2012 07:09:51 GMT http://bigpondnews.com/articles/Finance/2012/05/21/NZ_airline_ownership_change_proposed_752532.html http://bigpondnews.com/articles/Finance/2012/05/21/Spain_to_pick_bank_audit_firms_752396.html Spain will pick two independent auditing firms to look at how the banks are exposed to the real estate. Mon, 21 May 2012 01:14:33 GMT http://bigpondnews.com/articles/Finance/2012/05/21/Spain_to_pick_bank_audit_firms_752396.html http://bigpondnews.com/articles/Finance/2012/05/21/Most_precious_metals_close_higher_752392.html Gold futures have climbed for a second day on Friday, erasing this week's losses. Mon, 21 May 2012 01:10:43 GMT http://bigpondnews.com/articles/Finance/2012/05/21/Most_precious_metals_close_higher_752392.html http://bigpondnews.com/articles/Finance/2012/05/21/James_Hardie_profit_beats_expectations_752357.html James Hardie has posted a $US604.3m full year net profit, with the result boosted by a recent legal victory. Sun, 20 May 2012 23:48:01 GMT http://bigpondnews.com/articles/Finance/2012/05/21/James_Hardie_profit_beats_expectations_752357.html http://bigpondnews.com/articles/Finance/2012/05/21/Key_overseas_finance_markers_752321.html The stock market in NY has closed lower, with final figures for the Dow Jones Industrial Average down. Sun, 20 May 2012 22:09:37 GMT http://bigpondnews.com/articles/Finance/2012/05/21/Key_overseas_finance_markers_752321.html http://bigpondnews.com/articles/Finance/2012/05/21/Base_metals_close_mixed_752318.html Base metals closed mixed on London Metal Exchange on Friday, buoyed by investors closing short positions. Sun, 20 May 2012 22:02:17 GMT http://bigpondnews.com/articles/Finance/2012/05/21/Base_metals_close_mixed_752318.html http://bigpondnews.com/articles/Finance/2012/05/21/NATO_shifting_to_help_peace_in_Afghan_752312.html The US President has warned of 'hard days' ahead in Afghanistan as world leaders open NATO summit talks. Sun, 20 May 2012 21:39:55 GMT http://bigpondnews.com/articles/Finance/2012/05/21/NATO_shifting_to_help_peace_in_Afghan_752312.html http://bigpondnews.com/articles/Finance/2012/05/20/GM_spurns_pricey_Super_Bowl_ads_752212.html General Motors says it will skip the next US Super Bowl advertising extravaganza because it's too costly. Sun, 20 May 2012 11:41:28 GMT http://bigpondnews.com/articles/Finance/2012/05/20/GM_spurns_pricey_Super_Bowl_ads_752212.html http://bigpondnews.com/articles/Finance/2012/05/20/American_recall_of_Jeep_Wranglers_752211.html Chrysler is recalling nearly 87,000 Jeep Wranglers in the US, Canada and elsewhere due to a risk of fires. Sun, 20 May 2012 11:41:27 GMT http://bigpondnews.com/articles/Finance/2012/05/20/American_recall_of_Jeep_Wranglers_752211.html http://bigpondnews.com/articles/Finance/2012/05/20/Spanish_banks_dont_need_rescue_752205.html Spanish Prime Minister Mariano Rajoy says he doesn't think his country's banks will need a European rescue. Sun, 20 May 2012 11:41:17 GMT http://bigpondnews.com/articles/Finance/2012/05/20/Spanish_banks_dont_need_rescue_752205.html http://bigpondnews.com/articles/Finance/2012/05/20/Greece_needs_austerity_says_Germany_752204.html Germany's Finance Minister Wolfgang Schaeuble says Greece must abide by its austerity deals. Sun, 20 May 2012 11:41:16 GMT http://bigpondnews.com/articles/Finance/2012/05/20/Greece_needs_austerity_says_Germany_752204.html http://bigpondnews.com/articles/Finance/2012/05/20/G8_backs_Greece_papers_over_tensions_752203.html G8 leaders have expressed their wish to see Greece stay in the eurozone at a Camp David summit. Sun, 20 May 2012 11:41:14 GMT http://bigpondnews.com/articles/Finance/2012/05/20/G8_backs_Greece_papers_over_tensions_752203.html http://bigpondnews.com/articles/Finance/2012/05/20/Europes_priority_is_grown_and_jobs-_G8_752109.html President Obama says there's an 'emerging consensus' that more must be done to promote job growth in Europe. Sun, 20 May 2012 03:25:17 GMT http://bigpondnews.com/articles/Finance/2012/05/20/Europes_priority_is_grown_and_jobs-_G8_752109.html http://bigpondnews.com/articles/Finance/2012/05/18/ResMed_to_start_paying_dividends_751641.html Sleep disorder equipment supplier ResMed will begin paying dividends next financial year. Fri, 18 May 2012 10:46:17 GMT http://bigpondnews.com/articles/Finance/2012/05/18/ResMed_to_start_paying_dividends_751641.html http://bigpondnews.com/articles/Finance/2012/05/18/Credit_markets_closing_amid_Euro_woes_751640.html ANZ chief executive Mike Smith says credit markets are already closing in response to Europe's debt crisis. Fri, 18 May 2012 10:46:16 GMT http://bigpondnews.com/articles/Finance/2012/05/18/Credit_markets_closing_amid_Euro_woes_751640.html http://bigpondnews.com/articles/Finance/2012/05/18/HP_poised_to_cut_up_to_30000_jobs_751638.html Reports say Hewlett-Packard is poised to eliminate jobs to help offset dwindling demand for PCs. Fri, 18 May 2012 10:46:14 GMT http://bigpondnews.com/articles/Finance/2012/05/18/HP_poised_to_cut_up_to_30000_jobs_751638.html http://bigpondnews.com/articles/Finance/2012/05/18/Big_banks_to_raise_572bn_Fitch_751440.html Fitch Ratings has warned new Basel III rules could crimp banks' ability to increase dividends. Thu, 17 May 2012 21:14:01 GMT http://bigpondnews.com/articles/Finance/2012/05/18/Big_banks_to_raise_572bn_Fitch_751440.html http://bigpondnews.com/articles/Finance/2012/05/18/Facebook_shares_to_sell_for_US38_751439.html Facebook says it's priced its initial public offering of stock at $US38 per share. Thu, 17 May 2012 21:13:30 GMT http://bigpondnews.com/articles/Finance/2012/05/18/Facebook_shares_to_sell_for_US38_751439.html http://bigpondnews.com/articles/Finance/2012/05/18/UK_urges_action_to_resolve_euro_crisis_751405.html British PM David Cameron has urged Europe to sort out its currency crisis. Thu, 17 May 2012 18:54:48 GMT http://bigpondnews.com/articles/Finance/2012/05/18/UK_urges_action_to_resolve_euro_crisis_751405.html http://bigpondnews.com/articles/Finance/2012/05/18/US_unemployment_aid_applications_steady_751403.html The number of Americans seeking unemployment benefits was unchanged last week. Thu, 17 May 2012 18:54:43 GMT http://bigpondnews.com/articles/Finance/2012/05/18/US_unemployment_aid_applications_steady_751403.html http://bigpondnews.com/articles/Finance/2012/05/18/Buffett_buys_up_US_newspapers_751401.html Warren Buffett's company has agreed to buy 63 newspapers from Media General Inc for $US142 million. Thu, 17 May 2012 18:54:25 GMT http://bigpondnews.com/articles/Finance/2012/05/18/Buffett_buys_up_US_newspapers_751401.html http://bigpondnews.com/articles/Finance/2012/05/18/Fitch_downgrades_Greece_751400.html Fitch ratings agency has downgraded crisis-hit Greece by one notch to CCC. Thu, 17 May 2012 18:54:20 GMT http://bigpondnews.com/articles/Finance/2012/05/18/Fitch_downgrades_Greece_751400.html http://bigpondnews.com/articles/Finance/2012/05/17/Japan_Jan-March_GDP_up_1pc_751306.html Japan's economy grew by 1 per cent in the January to March quarter compared with the previous three months. Thu, 17 May 2012 09:35:02 GMT http://bigpondnews.com/articles/Finance/2012/05/17/Japan_Jan-March_GDP_up_1pc_751306.html http://bigpondnews.com/articles/Finance/2012/05/16/Greek_political_uncertainty_to_continue_750818.html Greece is heading into a new month of political uncertainty after power-sharing talks collapsed. Wed, 16 May 2012 00:14:18 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Greek_political_uncertainty_to_continue_750818.html http://bigpondnews.com/articles/Finance/2012/05/16/JPMorgans_CEO_apologises_over_huge_loss_750790.html The CEO of JPMorgan Chase has apologised to shareholders for the company's $US2 billion trading loss. Tue, 15 May 2012 23:35:16 GMT http://bigpondnews.com/articles/Finance/2012/05/16/JPMorgans_CEO_apologises_over_huge_loss_750790.html http://bigpondnews.com/articles/Finance/2012/05/16/Facebook_share_demand_forces_up_price_750786.html Facebook's flotation is set to be even bigger than expected, with the company increasing the price of stock. Tue, 15 May 2012 23:30:43 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Facebook_share_demand_forces_up_price_750786.html http://bigpondnews.com/articles/Finance/2012/05/16/Hollande_Merkel_pledge_to_seek_growth_750761.html Angela Merkel and Francois Hollande have agreed to discuss ideas for generating economic growth in Europe. Tue, 15 May 2012 22:32:19 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Hollande_Merkel_pledge_to_seek_growth_750761.html http://bigpondnews.com/articles/Finance/2012/05/16/Media_pushed_at_open_door_-_Leveson_750708.html The Leveson Inquiry has heard that it was difficult to blame the media for its relations with politicians. Tue, 15 May 2012 19:24:45 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Media_pushed_at_open_door_-_Leveson_750708.html http://bigpondnews.com/articles/Finance/2012/05/16/New_Greece_elections_after_talks_fail_750693.html Greece will hold a new election in June after talks failed to resolve the country's political deadlock. Tue, 15 May 2012 19:06:31 GMT http://bigpondnews.com/articles/Finance/2012/05/16/New_Greece_elections_after_talks_fail_750693.html http://bigpondnews.com/articles/Finance/2012/05/16/Angry_Brooks_baffled_by_charges_750695.html Ex-News of the World editor Rebekah Brooks says she is baffled after being charged over the hacking scandal. Tue, 15 May 2012 19:06:31 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Angry_Brooks_baffled_by_charges_750695.html http://bigpondnews.com/articles/Finance/2012/05/16/Russia_reports_solid_economic_growth_750696.html Russia has reported first quarter growth of 4.9 per cent, outpacing the previous year and early estimates. Tue, 15 May 2012 19:06:31 GMT http://bigpondnews.com/articles/Finance/2012/05/16/Russia_reports_solid_economic_growth_750696.html http://bigpondnews.com/articles/Finance/2012/05/15/Moodys_downgrade_Italian_banks_750573.html Moody is downgrading 26 Italian banks to reflect increasingly tough operating conditions. Tue, 15 May 2012 08:08:26 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Moodys_downgrade_Italian_banks_750573.html http://bigpondnews.com/articles/Finance/2012/05/15/CCA_announces_new_beer_deals_750516.html Beverages supplier Coca-Cola Amatil (CCA) has underlined its desire to re-enter the beer market. Tue, 15 May 2012 04:46:55 GMT http://bigpondnews.com/articles/Finance/2012/05/15/CCA_announces_new_beer_deals_750516.html http://bigpondnews.com/articles/Finance/2012/05/15/Yahoo_ends_CEOs_tenure_minus_severance_750465.html Yahoo has ended Scott Thompson's four-month stint as its CEO without giving him a severance package. Tue, 15 May 2012 01:51:18 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Yahoo_ends_CEOs_tenure_minus_severance_750465.html http://bigpondnews.com/articles/Finance/2012/05/15/26_Italian_banks_have_credit_ratings_cut_750464.html Moody's has downgraded the debt ratings of 26 Italian banks, as they struggled with the weak economy. Tue, 15 May 2012 01:50:46 GMT http://bigpondnews.com/articles/Finance/2012/05/15/26_Italian_banks_have_credit_ratings_cut_750464.html http://bigpondnews.com/articles/Finance/2012/05/15/EU_pleads_with_Greece_to_stay_the_course_750462.html Leading European Union finance officials have promised to stand by Greece as a member of the eurozone. Tue, 15 May 2012 01:50:39 GMT http://bigpondnews.com/articles/Finance/2012/05/15/EU_pleads_with_Greece_to_stay_the_course_750462.html http://bigpondnews.com/articles/Finance/2012/05/15/Rebekah_Brooks_to_learn_of_charges_750328.html Former News International CEO Rebekah Brooks is set to learn of any charges over the phone hacking scandal. Mon, 14 May 2012 19:19:02 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Rebekah_Brooks_to_learn_of_charges_750328.html http://bigpondnews.com/articles/Finance/2012/05/15/India_inflation_posts_surprise_jump_750318.html India's inflation unexpectedly accelerated in April, with the Wholesale Price Index rising to 7.23 per cent. Mon, 14 May 2012 19:05:26 GMT http://bigpondnews.com/articles/Finance/2012/05/15/India_inflation_posts_surprise_jump_750318.html http://bigpondnews.com/articles/Finance/2012/05/15/Obama_ad_attacks_Romneys_jobs_record_750317.html US President Barack Obama has opened a new advertising assault on Mitt Romney's record as a businessman. Mon, 14 May 2012 19:05:26 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Obama_ad_attacks_Romneys_jobs_record_750317.html http://bigpondnews.com/articles/Finance/2012/05/15/Yahoos_Thompson_reportedly_has_cancer_750316.html Former Yahoo CEO Scott Thompson, who recently resigned from the post, reportedly has thyroid cancer. Mon, 14 May 2012 19:05:26 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Yahoos_Thompson_reportedly_has_cancer_750316.html http://bigpondnews.com/articles/Finance/2012/05/15/News_Corp_buys_into_Chinese_film_group_750315.html Chinese film distributor Bona Film Group says it has agreed to sell News Corp a stake in the company. Mon, 14 May 2012 19:05:26 GMT http://bigpondnews.com/articles/Finance/2012/05/15/News_Corp_buys_into_Chinese_film_group_750315.html http://bigpondnews.com/articles/Finance/2012/05/15/JPMorgan_exec_sacked_over_trade_strategy_750314.html The executive responsible for trading strategy at JPMorgan has been sacked following the bank's $US2b loss. Mon, 14 May 2012 19:05:25 GMT http://bigpondnews.com/articles/Finance/2012/05/15/JPMorgan_exec_sacked_over_trade_strategy_750314.html http://bigpondnews.com/articles/Finance/2012/05/15/Greek_parties_begin_coalition_talks_750313.html Greek political parties have begun fresh talks on forming a coalition that supports an EU-IMF bailout. Mon, 14 May 2012 19:05:25 GMT http://bigpondnews.com/articles/Finance/2012/05/15/Greek_parties_begin_coalition_talks_750313.html http://bigpondnews.com/articles/Finance/2012/05/14/Strike_action_hurts_Paladins_production_750197.html Paladin Energy says production at its mine in Malawi has been stalled after local workers walked off the job Mon, 14 May 2012 08:15:49 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Strike_action_hurts_Paladins_production_750197.html http://bigpondnews.com/articles/Finance/2012/05/14/China_move_lifts_demand_for_NZ_dollar_750080.html $NZ rose after China cut the cash that banks must set aside for reserves, which may stoke lending in NZ. Mon, 14 May 2012 00:40:23 GMT http://bigpondnews.com/articles/Finance/2012/05/14/China_move_lifts_demand_for_NZ_dollar_750080.html http://bigpondnews.com/articles/Finance/2012/05/14/Three_JPMorgan_executives_to_resign_750078.html Three executives at JPMorgan Chase bank are expected to leave their jobs this week after a trading blunder. Mon, 14 May 2012 00:40:19 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Three_JPMorgan_executives_to_resign_750078.html http://bigpondnews.com/articles/Finance/2012/05/14/Greek_crisis_deepens_with_no_deal_made_750045.html Greek political party leaders have emerged from emergency cabinet talks with no breakthrough in sight. Sun, 13 May 2012 22:51:01 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Greek_crisis_deepens_with_no_deal_made_750045.html http://bigpondnews.com/articles/Finance/2012/05/14/Avon_considering_Coty_buyout_offer_750005.html Avon says it is considering a sweetened buyout offer of almost $US10.7 billion from Coty Inc. Sun, 13 May 2012 21:14:29 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Avon_considering_Coty_buyout_offer_750005.html http://bigpondnews.com/articles/Finance/2012/05/14/Setback_for_Merkel_in_German_state_poll_750003.html Voters in a crucial German state have emphatically punished Chancellor Angela Merkel's pro-austerity party. Sun, 13 May 2012 21:11:35 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Setback_for_Merkel_in_German_state_poll_750003.html http://bigpondnews.com/articles/Finance/2012/05/14/Credibility_at_stake_for_JPMorgan_chief_749998.html JPMorgan CEO Jamie Dimon has admitted that the $US2b loss on derivatives trades has jeopardised credibility. Sun, 13 May 2012 21:02:27 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Credibility_at_stake_for_JPMorgan_chief_749998.html http://bigpondnews.com/articles/Finance/2012/05/14/Santander_to_provision_27bn_euros_more_749984.html Spain's Santander's bank says it will have to set aside an additional 2.7b euros to meet new govt reforms. Sun, 13 May 2012 20:18:35 GMT http://bigpondnews.com/articles/Finance/2012/05/14/Santander_to_provision_27bn_euros_more_749984.html http://bigpondnews.com/articles/Finance/2012/05/13/11_arrested_in_Bank_of_England_protest_749699.html Eleven alleged anti-capitalists from the Occupy movement have been arrested in London for public offences. Sat, 12 May 2012 21:10:20 GMT http://bigpondnews.com/articles/Finance/2012/05/13/11_arrested_in_Bank_of_England_protest_749699.html http://bigpondnews.com/articles/Finance/2012/05/13/Thousands_march_in_Spain_over_austerity_749693.html Spaniards are angered by their grim economic prospects and political handling of the financial crisis. Sat, 12 May 2012 21:00:44 GMT http://bigpondnews.com/articles/Finance/2012/05/13/Thousands_march_in_Spain_over_austerity_749693.html http://bigpondnews.com/articles/Finance/2012/05/11/China_says_inflation_rate_has_slowed_749217.html Official data shows China's inflation rate slowed in April from the previous month. Fri, 11 May 2012 02:55:42 GMT http://bigpondnews.com/articles/Finance/2012/05/11/China_says_inflation_rate_has_slowed_749217.html http://bigpondnews.com/articles/Finance/2012/05/11/JPMorgan_Chase_admits_2b_trading_loss_749173.html JPMorgan Chase, the largest bank in the US, has admitted to a trading loss of $US2 billion ($A2.00 billion). Thu, 10 May 2012 23:51:20 GMT http://bigpondnews.com/articles/Finance/2012/05/11/JPMorgan_Chase_admits_2b_trading_loss_749173.html http://bigpondnews.com/articles/Finance/2012/05/11/US_petrol_prices_drop_5pc_since_April_749078.html US petrol prices have dropped five per cent since peaking last month. Thu, 10 May 2012 19:12:43 GMT http://bigpondnews.com/articles/Finance/2012/05/11/US_petrol_prices_drop_5pc_since_April_749078.html http://bigpondnews.com/articles/Finance/2012/05/11/US_deficit_looms_despite_April_surplus_749077.html The US government is on track to exceed a $US1 trillion ($A998.85 billion) deficit despite an April surplus. Thu, 10 May 2012 19:12:42 GMT http://bigpondnews.com/articles/Finance/2012/05/11/US_deficit_looms_despite_April_surplus_749077.html http://bigpondnews.com/articles/Finance/2012/05/11/Sony_reports_record_annual_loss_749076.html Sony posted a record annual loss of Y457 billion ($A5.73 billion) in its fourth straight year of red ink. Thu, 10 May 2012 19:12:41 GMT http://bigpondnews.com/articles/Finance/2012/05/11/Sony_reports_record_annual_loss_749076.html http://bigpondnews.com/articles/Finance/2012/05/10/News_Corps_Carey_backs_Murdoch_748867.html News Corporation president and chief operating officer Chase Carey has publicly backed Rupert Murdoch. Thu, 10 May 2012 03:55:00 GMT http://bigpondnews.com/articles/Finance/2012/05/10/News_Corps_Carey_backs_Murdoch_748867.html http://bigpondnews.com/articles/Finance/2012/05/10/News_Corp_third_quarter_profit_up_47pc_748824.html News Corp has reported a 47 per cent lift in third quarter net profit to $US937 million ($A929.79 million). Thu, 10 May 2012 00:20:36 GMT http://bigpondnews.com/articles/Finance/2012/05/10/News_Corp_third_quarter_profit_up_47pc_748824.html http://bigpondnews.com/articles/Finance/2012/05/10/No_renegotiation_of_budgetary_pact_-_EU_748821.html The head of the European Commission says there would be no renegotiation of an EU budgetary pact. Thu, 10 May 2012 00:20:33 GMT http://bigpondnews.com/articles/Finance/2012/05/10/No_renegotiation_of_budgetary_pact_-_EU_748821.html http://bigpondnews.com/articles/Finance/2012/05/10/UK_govt_focus_on_economy_748820.html Queen Elizabeth has set out the UK's new legislative agenda and announced a program to boost the economy. Thu, 10 May 2012 00:20:31 GMT http://bigpondnews.com/articles/Finance/2012/05/10/UK_govt_focus_on_economy_748820.html http://bigpondnews.com/articles/Finance/2012/05/10/Europe_debt_crisis_weighs_on_Commerzbank_748818.html Germany's Commerzbank saw net profit fall sharply to 369 million euros ($A476.84m) in the first quarter. Thu, 10 May 2012 00:20:30 GMT http://bigpondnews.com/articles/Finance/2012/05/10/Europe_debt_crisis_weighs_on_Commerzbank_748818.html http://bigpondnews.com/articles/Finance/2012/05/10/Greece_gets_more_cash_amid_bailout_doubt_748817.html Greece will receive a further 5.2 billion euros ($A6.72 billion) as part of its bailout package. Thu, 10 May 2012 00:20:29 GMT http://bigpondnews.com/articles/Finance/2012/05/10/Greece_gets_more_cash_amid_bailout_doubt_748817.html http://bigpondnews.com/articles/Finance/2012/05/09/Yahoo_board_member_to_step_down_748492.html Patti Hart, the Yahoo Inc board member who headed the search for a new CEO, will reportedly step down. Tue, 08 May 2012 23:47:51 GMT http://bigpondnews.com/articles/Finance/2012/05/09/Yahoo_board_member_to_step_down_748492.html http://bigpondnews.com/articles/Finance/2012/05/09/Bank_of_Americas_reduction_offer_748491.html Bank of America will offer homeowners principal reduction as part of an $US25 billion mortgage settlement. Tue, 08 May 2012 23:47:50 GMT http://bigpondnews.com/articles/Finance/2012/05/09/Bank_of_Americas_reduction_offer_748491.html http://bigpondnews.com/articles/Finance/2012/05/09/Disney_profit_beats_forecasts_748489.html The Walt Disney Company says net income in the three months to March 31 rose to $US1.14 billion ($A1.12b). Tue, 08 May 2012 23:47:46 GMT http://bigpondnews.com/articles/Finance/2012/05/09/Disney_profit_beats_forecasts_748489.html http://bigpondnews.com/articles/Finance/2012/05/09/Concordia_in_two_million_euro_settlement_748488.html The owner of the Costa Concordia has paid more than two million euros ($A2.57 million) in a settlement. Tue, 08 May 2012 23:47:44 GMT http://bigpondnews.com/articles/Finance/2012/05/09/Concordia_in_two_million_euro_settlement_748488.html http://bigpondnews.com/articles/Finance/2012/05/08/Cut_gradually_preserve_growth-IMF_chief_748194.html IMF chief Christine Lagarde has urged European governments to reduce deficits gradually. Tue, 08 May 2012 08:51:28 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Cut_gradually_preserve_growth-IMF_chief_748194.html http://bigpondnews.com/articles/Finance/2012/05/08/Spain_to_present_new_bank_clean-up_measu_748192.html The Spanish PM says he will present a new strategy to help banks and ease a key source of economic worry. Tue, 08 May 2012 08:16:08 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Spain_to_present_new_bank_clean-up_measu_748192.html http://bigpondnews.com/articles/Finance/2012/05/08/Luxury_goods_market_to_grow_7pc_748186.html The global luxury market is forecast to grow by up to seven per cent in 2012 despite the financial crisis. Tue, 08 May 2012 07:51:17 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Luxury_goods_market_to_grow_7pc_748186.html http://bigpondnews.com/articles/Finance/2012/05/08/Facebook_launch_investors_drive_748144.html Facebook executives are on an investors 'road show' in a marketing drive ahead of their launch on the Nasdaq Tue, 08 May 2012 06:33:08 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Facebook_launch_investors_drive_748144.html http://bigpondnews.com/articles/Finance/2012/05/08/Cut_gradually_preserve_growth_-_IMF_747979.html The head of the IMF has urged indebted countries in Europe to reduce their budget deficits only gradually. Mon, 07 May 2012 21:49:52 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Cut_gradually_preserve_growth_-_IMF_747979.html http://bigpondnews.com/articles/Finance/2012/05/08/Attempt_at_forming_Greek_coalition_fails_747954.html The leader of the Greek conservative party says his efforts to form a coalition government have failed. Mon, 07 May 2012 21:03:19 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Attempt_at_forming_Greek_coalition_fails_747954.html http://bigpondnews.com/articles/Finance/2012/05/08/Suzuki_recalls_over_100000_Swifts_747955.html Suzuki Motor says it will recall about 109,000 Swift cars to repair a defect that may cause petrol leakage. Mon, 07 May 2012 21:03:17 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Suzuki_recalls_over_100000_Swifts_747955.html http://bigpondnews.com/articles/Finance/2012/05/08/EUs_fiscal_problems_to_linger_-_Buffett_747956.html Warren Buffett says Europe will find resolving its fiscal problems tough because of the structure of the EU. Mon, 07 May 2012 21:03:16 GMT http://bigpondnews.com/articles/Finance/2012/05/08/EUs_fiscal_problems_to_linger_-_Buffett_747956.html http://bigpondnews.com/articles/Finance/2012/05/08/Greek_political_earthquake_rattles_EU_747957.html Greece faces an uncertain future after an election shake-up by parties opposed to further austerity cuts. Mon, 07 May 2012 21:03:15 GMT http://bigpondnews.com/articles/Finance/2012/05/08/Greek_political_earthquake_rattles_EU_747957.html http://bigpondnews.com/articles/Finance/2012/05/07/Hollande_ousts_Sarkozy_in_France_747579.html Socialist Francois Hollande has been elected France's president, ousting incumbent Nicolas Sarkozy. Sun, 06 May 2012 22:17:00 GMT http://bigpondnews.com/articles/Finance/2012/05/07/Hollande_ousts_Sarkozy_in_France_747579.html http://bigpondnews.com/articles/Finance/2012/05/07/Greek_voters_reject_eurozone_austerity_747578.html Parties opposing more austerity cuts have claimed almost 60 per cent support in the Greek elections. Sun, 06 May 2012 22:16:58 GMT http://bigpondnews.com/articles/Finance/2012/05/07/Greek_voters_reject_eurozone_austerity_747578.html http://bigpondnews.com/articles/Finance/2012/05/07/Thomas_Cook_secures_lenders_deal_747529.html Thomas Cook has announced a new financing deal with its lenders which should secure the group's future. Sun, 06 May 2012 19:59:34 GMT http://bigpondnews.com/articles/Finance/2012/05/07/Thomas_Cook_secures_lenders_deal_747529.html http://bigpondnews.com/articles/Finance/2012/05/06/Costa_company_launches_safety_measures_747338.html New safety measures are being unveiled for Italian cruise ships after the grounding of Costa Concordia. Sun, 06 May 2012 03:20:02 GMT http://bigpondnews.com/articles/Finance/2012/05/06/Costa_company_launches_safety_measures_747338.html http://bigpondnews.com/articles/Finance/2012/05/06/Russian_Norwegian_firms_seek_Arctic_oil_747335.html State oil companies Rosneft and Statoil have signed a deal to jointly explore Russia's offshore deposits. Sun, 06 May 2012 03:16:45 GMT http://bigpondnews.com/articles/Finance/2012/05/06/Russian_Norwegian_firms_seek_Arctic_oil_747335.html http://bigpondnews.com/articles/Finance/2012/05/05/Slow_hiring_sends_the_Wall_St_reeling_747064.html US stocks plungedafter the government reported that hiring slowed sharply last month. Sat, 05 May 2012 06:52:59 GMT http://bigpondnews.com/articles/Finance/2012/05/05/Slow_hiring_sends_the_Wall_St_reeling_747064.html http://bigpondnews.com/articles/Finance/2012/05/05/US_market_for_business_jets_crashes_747063.html Economic turbulence has shrunk the US market for business jets. Sat, 05 May 2012 06:49:26 GMT http://bigpondnews.com/articles/Finance/2012/05/05/US_market_for_business_jets_crashes_747063.html http://bigpondnews.com/articles/Finance/2012/05/05/Indias_Reliance_hit_with_US125bn_fine_746907.html India's govt has asked Reliance Industries to pay a $US1.25 billion penalty for a fall in gas production. Fri, 04 May 2012 21:11:19 GMT http://bigpondnews.com/articles/Finance/2012/05/05/Indias_Reliance_hit_with_US125bn_fine_746907.html http://bigpondnews.com/articles/Finance/2012/05/05/Tokyo_to_track_US_jobs_Europe_polls_746905.html Investors are to look to US economic data and France and Greece's elections after Tokyo's tepid trade. Fri, 04 May 2012 21:08:35 GMT http://bigpondnews.com/articles/Finance/2012/05/05/Tokyo_to_track_US_jobs_Europe_polls_746905.html http://bigpondnews.com/articles/Finance/2012/05/05/Asset_sale_lifts_BNP_Paribas_earnings_746868.html French bank BNP Paribas says a gain on the sale of its property arm has helped lift first quarter earnings. Fri, 04 May 2012 19:09:37 GMT http://bigpondnews.com/articles/Finance/2012/05/05/Asset_sale_lifts_BNP_Paribas_earnings_746868.html http://bigpondnews.com/articles/Finance/2012/05/05/US_unemployment_dips_to_81_per_cent_746866.html US unemployment rate has fallen to 8.1 per cent in April as the economy created a modest 115,000 jobs. Fri, 04 May 2012 19:05:12 GMT http://bigpondnews.com/articles/Finance/2012/05/05/US_unemployment_dips_to_81_per_cent_746866.html http://bigpondnews.com/articles/Finance/2012/05/05/US_stocks_sink_after_poor_jobs_numbers_746863.html US job creation shows a poor figure for April sending US stocks lower on opening. Fri, 04 May 2012 19:02:16 GMT http://bigpondnews.com/articles/Finance/2012/05/05/US_stocks_sink_after_poor_jobs_numbers_746863.html http://bigpondnews.com/articles/Finance/2012/05/05/Oils_dramatic_drop_to_US100_746856.html The price of oil in the US has dropped below $US100 per barrel for the first time since February. Fri, 04 May 2012 18:36:30 GMT http://bigpondnews.com/articles/Finance/2012/05/05/Oils_dramatic_drop_to_US100_746856.html