Steve Jobs resigned as CEO of Apple Inc on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties in a stunning announcement that raised fears his health has deteriorated further.
Central Asia gas pipes capacity to nearly double - CNPC
Annual capacity of central Asia gas pipelines, which mainly pump gas to China, will almost double by 2015 from an expected 30 billion cubic metres in 2012, China National Petroleum Corp (CNPC) reported in a company newspaper on Friday.
Bernanke quiet on next Fed move, stresses job crisis
Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors.
Some of France's wealthiest individuals, including the L'Oréal heiress Liliane Bettencourt, have called for a tax on the rich in a gesture of national solidarity as the government prepares to announce swingeing cuts to bring public finances under control.
Weaker consumer confidence in parts of Europe will dent Heineken's profits in the second half of this year, its management warned, leading to flat bottom line organic growth in 2011 despite a 4 per cent increase in the first half.
Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.