German business confidence rises
FRANKFURT: The resilience of Europe's biggest economy to the debt crisis was underscored Friday as German business confidence beat expectations to rise for the sixth month in a row in April.
China brokerage raises US$1.68b in Hong Kong IPO: report
HONG KONG: China's second largest brokerage Haitong Securities Co. raised $1.68 billion in an initial public offering (IPO) in Hong Kong, the world's biggest IPO this year, a report said on Friday.
Top Indian adviser says reforms 'unlikely' by 2014
NEW DELHI: No major economic reforms are likely in India before the scheduled 2014 general elections, the country's top economic adviser has said despite widespread political disarray.
China state media giant raises US$222m in IPO
BEIJING: The website of the Chinese Communist Party's flagship newspaper said on Friday that it raised 1.4 billion yuan ($222 million) in an initial public offering, nearly three times its first fundraising target.
BRICS ready to flex muscles at G20-IMF meet
WASHINGTON: China and the BRICS emerging economies are set to flex their muscles as the top finance officials of the G20 and the IMF meet Friday seeking to raise US$400 billion to prevent financial contagion.
US warns India about investment, tax changes
WASHINGTON: US Treasury Secretary Timothy Geithner told his Indian counterpart US businesses have become worried about changes in India's tax regime for foreign companies.
Hollywood studios lose Internet download appeal
SYDNEY: Top Hollywood film studios on Friday lost a landmark appeal against a dismissal of their claim that an Australian Internet provider be responsible for illegal movie downloads.
High oil prices could trim Indian growth: minister
WASHINGTON: High energy prices could trim India's economic growth Finance Minister Pranab Mukherjee warned on Friday.
Euro rises as IMF boosts crisis funds
NEW YORK: The euro rose Friday as the International Monetary Fund said members had kicked up some $430 billion for new crisis intervention funding.
Oil prices rally on weaker dollar
NEW YORK: World oil prices rallied on Friday, supported by rising European stock markets and a weaker dollar as investors drew comfort from a successful Spanish bond auction and upbeat German data.
US stocks rally on strong earnings
NEW YORK: Wall Street shares closed higher Friday, buoyed by better than expected US earnings, solid German business confidence data and a $430 billion deal to fight Europe's debt crisis.
IMF raises over US$430b for crisis fund
WASHINGTON: The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants taking part despite worries the money will be used for more eurozone bailouts.
US Airways, American Airlines move toward merger
WASHINGTON: US Airways chief executive Douglas Parker told employees Friday that the company had taken initial steps toward a possible merger with rival American Airlines, which is in bankruptcy protection.