Hello Chinese exports, good-bye U.S. jobs
15.06.10
For millions of unemployed Americans, the news about China's surging export market isn't necessarily cause for celebration, even if it might be a harbinger for global recovery.
The Obama administration has sent a $69 million bill to BP for the U.S. government's efforts to help deal with the energy company's oil spill in the Gulf of Mexico. The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by half a percentage point to 1.5% Thursday, the lowest rate in the bank's 315-year history.
Venezuela's Citgo Petroleum has reinstated a program that provides discounted home heating oil to lower-income residents in U.S. communities one day after it was suspended.
Read full story for latest details. In qualifications-obsessed Germany, the baby-faced stockpicker Markus Frick stood out. When his first book in 2001 claimed the former baker had turned 100,000 euro into a million in the space of a year -- and that he could tell investors how to do the same, if they signed up for his seminars and e-mail newsletters -- Germans listened.
The chairman of India's fourth-largest software-services provider resigned Wednesday after confessing to inflating the company's profits for years with "fictitious" assets and nonexistent cash.
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Safe havens have benefited over the past two months as investors worry that financial challenges in the PIIGS will spill over into the rest of Europe. Read full story for latest details.
Another European country is angling for admittance into the bad debt club.
BP's stock rose more than 2% in pre-market trading on Monday after the oil giant announced that it is making progress in capping the oil leak in the Gulf of Mexico.
BP's debt rating, a key indication of the corporate world's outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
The global airline industry is expected to pull out of its slump and make its first profit in three years, according to an industry group report Monday. America's relationship with the U.K. has always been complicated. Start with the fact that our country was founded by religious fanatics who left England because they were being persecuted, and who later fought a guerrilla war to establish a secular state. (Right off the bat, we confused the Brits.)
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White House sends BP a $69 million bill
15.06.10
The Obama administration has sent a $69 million bill to BP for the U.S. government's efforts to help deal with the energy company's oil spill in the Gulf of Mexico.
How the union made Europe's weaklings weaker
15.06.10
In the late 1990s, as the European Union touted its grand plan for a single currency, I called Milton Friedman at the Hoover Institution to ask the 20th century's most influential monetarist for his view of how the euro would transform Europe. It was no surprise that the frugal Friedman called me back collect. He always did.
BP downgraded by Moody's, Fitch
15.06.10
BP's debt rating, a key indication of the corporate world's outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
Markets go on a Hungary strike
15.06.10
Another European country is angling for admittance into the bad debt club.
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BP: Finances solid, honor 'all commitments'
15.06.10
BP sought to reassure both the general public and investors Friday, saying it has the money to spend whatever it takes to clean up the Gulf oil spill and maintain its dividend.
A $3.4 billion deal for blood research firm
15.06.10
Grifols, a Spanish health care group that makes blood-plasma treatments, said Monday it will buy U.S.-based Talecris Biotherapeutics for $3.4 billion.
BP: Stock rises after it reports oil spill progress
15.06.10
BP's stock rose more than 2% in pre-market trading on Monday after the oil giant announced that it is making progress in capping the oil leak in the Gulf of Mexico.
Global airline industry soars toward recovery
15.06.10
The global airline industry is expected to pull out of its slump and make its first profit in three years, according to an industry group report Monday.
Markus Frick: Germany's Jim Cramer, with a criminal twist
15.06.10
In qualifications-obsessed Germany, the baby-faced stockpicker Markus Frick stood out. When his first book in 2001 claimed the former baker had turned 100,000 euro into a million in the space of a year -- and that he could tell investors how to do the same, if they signed up for his seminars and e-mail newsletters -- Germans listened.