Industrial and Commercial Bank (ICBC), China’s biggest lender, has seen an 18% jump in profits during 2004. The increase in…
Read More
Europe blames US over weak dollar
European leaders have openly blamed the US for the sharp rise in the value of the euro. US officials were…
Read More
Mild winter drives US oil down 6%
US oil prices have fallen by 6%, driven down by forecasts of a mild winter in the densely populated northeast.…
Read More
The ‘ticking budget’ facing the US
The budget proposals laid out by the administration of US President George W Bush are highly controversial. The Washington-based Economic…
Read More
SBC plans post-takeover job cuts
US phone company SBC Communications said it expects to cut around 12,800 jobs following its $16bn (£8.5bn) takeover of former…
Read More
Japan narrowly escapes recession
Japan’s economy teetered on the brink of a technical recession in the three months to September, figures show. Revised figures…
Read More
Yukos sues four firms for $20bn
Russian oil firm Yukos has sued four companies for their role in last year’s forced state auction of its key…
Read More
Mitsubishi in Peugeot link talks
Trouble-hit Mitsubishi Motors is in talks with French carmaker PSA Peugeot Citroen about a possible alliance. On Tuesday Mitsubishi, the…
Read More
Fosters buys stake in winemaker
Australian brewer Fosters has bought a large stake in Australian winemaker Southcorp, sparking rumours of a possible takeover. Fosters bought…
Read More
US trade gap ballooned in October
The US trade deficit widened by more than expected in October, hitting record levels after higher oil prices raised import…
Read More
