7-day Archive: 

Business

Greece warns bailout rebels of disaster

ATHENS, Feb 12 — Greek Prime Minister Lucas Papademos yesterday told lawmakers to back a deeply unpopular EU/IMF rescue in a vote today or condemn the country to a “vortex” of recession.

He spoke in a televised address to the nation, ahead of today’s vote on €3.3 billion (RM13.2 billion) in wage, pension and job cuts as the price of a ... Read More

Italian Prime Minister Mario Monti tours the floor of the New York Stock Exchange, February 10, 2012. — Reuters pic
Italian Prime Minister Mario Monti tours the floor of the New York Stock Exchange, February 10, 2012. — Reuters pic

Climax nears in Greek drama

LONDON, Feb 12 — Tortuous negotiations over a second bailout for Greece are set to come to a head on Wednesday, putting fragile market confidence to the test on the same day data is tipped to show the ... Read More

Canada wants ‘mutual respect’ from China on trade

CHONGQING, Feb 11 — Some Canadian resource firms are being treated unfairly in China and Beijing must deal with the problem if it wants a proper trading relationship with energy-rich Canada, a top ... Read More

Malaysia and Singapore back Japan’s TPP bid

By Melissa Chi
KUALA LUMPUR, Feb 11 — Malaysia and Singapore want Japan in on a controversial free trade agreement that aims to open up the emerging economies across Asia and the Pacific regions.The Japan Times reported ... Read More

Anger in Greece as parliament to vote on bailout

ATHENS,Feb 11 — Greek lawmakers will vote this weekend on a controversial austerity bill that Athens needs to avoid a messy default but which is fuelling a domestic political and social crisis that has ... Read More

Obama budget to forecast US deficit at 2.8pc GDP in 2018

WASHINGTON, Feb 11 — US budget deficits will drop to 2.8 per cent of the economy by 2018, down from the 8.5 per cent projected for this year, under a budget plan being unveiled by President Barack Obama ... Read More

EU seen approving Google’s Motorola deal, say sources

BRUSSELS, Feb 11 — Google Inc is expected to win approval next week from European regulators, as well as from US antitrust authorities, for its planned US$12.5 billion (RM37.9 billion) purchase of ... Read More

US stocks: S&P suffers year’s biggest loss as Greek deal falters

NEW YORK, Feb 11 — The S&P 500 posted its biggest daily percentage decline thus far in 2012 yesterday after an about-face on Greece’s long-awaited debt deal ended a five-week streak of gains for ... Read More

Alibaba’s Ma faces big Yahoo test

SHANGHAI, Feb 11 — If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it’s Jack Ma, who founded the e-commerce group and within a decade unlocked China’s huge online ... Read More

Indian tribe files US$500m suit against big brewers

LINCOLN, Nebraska, Feb 11 — A Native American Indian tribe sued leading beer makers seeking US$500 million (RM1.5 billion) in damages and accusing them of knowingly contributing to “crippling” alcoholism ... Read More

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