Greece in deal with EU/IMF on austerity plan

2011-06-24 09:48:54

European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan.

Asia's wealthy population overtakes Europe

2011-06-23 17:49:51

Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released Thursday said.

HTC to release 4G smartphone in July

2011-06-23 17:47:10

High Tech Computer (HTC), the world' s fifth-largest smartphone maker, said Thursday it will release its fourth-generation (4G) smartphone.

Owner of Sweden's Saab can't pay wages

2011-06-23 16:23:08

Swedish Automobile said Thursday it cannot pay the wages of staff at wholly owned subsidiary Saab, as it struggles to find funding.

Yahoo Alibaba remain in constructive talks

2011-06-23 10:28:48

Yahoo Inc., Japan's Softbank Corp. and Chinese Internet company Alibaba Group say they remain in "constructive" talks.

Apple to unveil faster iPhone in September

2011-06-23 11:08:13

Apple Inc. plans to introduce a new iPhone in September featuring faster chip and more advanced camera, U.S. media reported on Wednesday.

Nokia to transfer 2,800 staff to Accenture

2011-06-23 08:06:40

Nokia Corp. said Wednesday it has completed a deal to outsource Symbian software development to Accenture.

US Fed to end bond-buying program

2011-06-23 06:56:41

The US economic recovery is going more slowly than expected, but the Federal Reserve will end its $600bn Treasury bond purchase program.

Foster's rejects $10b takeover bid

2011-06-21 15:51:24

Australian brewer Foster's Group Ltd. said Tuesday it has rejected a 9.5 billion Australian dollar ($10 billion) cash takeover offer from beer-maker SABMiller PLC, saying the bid undervalues the Australian company.