Finance & Economics

Facebook on track to raise $16 billion through IPO

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China questions US anti-dumping ruling on solar power equipments

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ECB working on emergency scenario if Greece exits, claims senior official

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G-8 Takes on Europe’s Debt Crisis

Leaders of the Group of Eight leading industrialized countries are focusing on Europe's economic turmoil Saturday as they meet for the second day of their annual economic summit

Declining commodity prices sees BHP back out of Altia joint venture

642b1c8d0bf93a48.jpgGlobal mining giant BHP Billiton has decided to withdraw from the Altia joint venture project with Breakaway Resources for...

HSBC's turnaround target doubled to $2 billion, plan on target

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HSBC, Europe's biggest bank, Thursday said it was on track towards its slimming down programme after making...

Media General sells 63 newspapers to Buffett in $142mn deal

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Media General has signed agreements with BH Media Group, a subsidiary of Warren Buffett's Berkshire Hathaway, for...

European Economy, African Food Security to Top G8 Summit

Europe’s economic crisis is expected to dominate the discussions when the Group of Eight nations hold their economic summit near Washington on Friday and Saturday. Food security in Africa will also be high on the agenda.

Macquarie led consortium buys European gas network in 3.2bn deal

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In a 3.2 billion euros ($4.1 billion) deal, a consortium led by Australian investment bank Macquarie Group has bought...

New paradigm needed to ensure global job creation and economic progress – UN officials

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Secretary-General Ban Ki-moon (left) and General Assembly President Nassir Abdulaziz Al-Nasser co-chair the high-...