Europe will not offer China concessions in exchange for contributions to the eurozone’s beefed-up bailout fund, an advisor to French President Nicolas Sarkozy said on Monday. Eurozone leaders agreed...
European officials responsible for the eurozone bailout fund commenced discussions on Friday with China to involve them in the EU rescue plan. The European Financial Stability is hoping the Chinese go...
Europe’s leaders on Thursday came to agreement on a deal with EU banks to write off half of Greece’s bonds in a plan to reduce the country’s heavy debt load. The agreement, which was reached at ...
The eurozone is experiencing the biggest challenge since its inception – it is currently at the worst point of the debt crisis that started two years ago. Contagion has already spread to Ireland, Po...
ArcelorMittal, the globe’s biggest steel producer, late on Tuesday backed out of its Macarthur Coal joint $5.1bn purchase with Peabody Energy, according to the company. The group originally joined t...
The origins of the Joint Combat Aircraft (JCA) programme can be found in plans developed in the 1990s to replace our carrier-borne aircraft. The aircraft selected to meet the JCA requirement is the Lo...
UBS on Tuesday said 3Q11 profits fell 39 percent owing to the financial loss of around CHF1.8bn ($2.2bn) from an unauthorised trading incident in September. The bank’s net profit beat analysts’ pr...
Deputy President Kgalema Motlanthe finished a trip to China on Friday by praising how it had mobilised state-owned-enterprises (SOEs) to construct a global power. Pretoria should learn from Beijing’...
Federal regulators late on Wednesday charged a unit of Citigroup with negligence after they found it had sold $1bn worth of financial products linked to the flagging 2007 housing market. The bank’s ...
China’s economic growth slowed down in 3Q11 to 9.1 percent, down from 9.5 percent in 2Q11 and 9.7 percent in 1Q11, the national Bureau of Statistics of China announced Tuesday. According to the s...