Finance ministers and central bank governors of the Group of 20 leading nations launched a framework to promote a better balanced global economy on Saturday, but the meeting was overshadowed by a dispute about a global tax on financial transactions and little progress on financing efforts to reduce global warming.
NEW YORK (Reuters) - A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.
FRANKFURT/BERLIN (Reuters) - General Motors' Opel unit put the best face on its parent's stunning decision to reverse course and keep its European arm rather than sell it to a group led by Canada's Magna.
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."
LONDON (Reuters) - Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
Republic of Kazakhstan — Concluding Statement of the October 2009 IMF Mission
An International Monetary Fund (IMF) mission visited Astana and Almaty during October 21- 28, 2009 to review recent economic developments and discuss ongoing policy responses and economic perspectives. The mission met with government officials and representatives of the banking and business communities. The mission would like to thank the authorities for the frank and open discussions. The following statement reflects the views of the mission.
LONDON, Oct 28 (Reuters) - UK gas producer BG Group (BG.L) said it had suspended legal proceedings against the Kazakh government over $1 billion in export duties it was forced to pay, in the hope of a negotiated settlement.
U.S. consumer confidence up for first time since 2007
HONG KONG (Reuters) - Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.
Toshiba eyes rare metals JV with Kazatomprom in '09
TOKYO, Oct 23 (Reuters) - Toshiba Corp (6502.T) said on Friday that it aims to set up a joint venture by year-end with Kazakhstan state-owned firm Kazatomprom on the procurement of rare metals, eyeing growing demand for materials such as rare earth, used in motors for electric vehicles. (Reporting by Mayumi Negishi)
Nokia could seek up to $1 billion for iPhones: analysts
HELSINKI (Reuters) - Apple faces the possibility of having to pay the world's top cellphone maker Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said.
WASHINGTON (Reuters) - The U.S. economy is firmly poised for a recovery from its deep recession but growth may be moderate and the job market will not revive immediately, senior White House aide Lawrence Summers predicted on Wednesday.