IMF reforms impossible without US support
IMF reforms are impossible without US support, Christina Lagarde, Managing Director of the International Monetary Fund said today in a speech delivered at Beijing's...
February existing home sales fell to 19-month low, US
February existing home sales fell to a 19-month low due to abnormally harsh weather conditions and rising prices, says the National Association of Realtors....
Hepatitis drug Sovaldi $1,000 per tablet, lawmakers scrutinize
Gilead Sciences’ new hepatitis drug Sovaldi (sofosbuvir), at $1,000 per tablet or $84,000 for a course of treatment, has attracted the attention of US...
Lufthansa pilots vote overwhelmingly to strike
Ninety-seven percent of Lufthansa pilots voted to strike for better working conditions, transition contracts and pay. Lufthansa, the flag carrier of Germany, is the...
Construction recovery accelerating, not yet robust, US
The construction recovery is accelerating and will continue to do so with meaningful gains, but is still not robust, says a new survey published...
MtGox finds 200,000 lost bitcoins
MtGox, the Japanese bitcoin company that used to be the world’s largest bitcoin exchange and recently went bust, says in a filing it managed...
Russian sanctions hit shares
Russian sanctions have started to have a negative effect on the MICEX index, where Moscow’s stock exchange prices are tracked in rubles; it fell...
Hitachi rail systems moving to UK
Hitachi rail systems is moving to the UK from Japan, the Japanese electronics giant that made the first bullet train announced today. Its global...
Alibaba Tango $215 million investment
An Alibaba Tango investment of $215 million has been announced by the two companies. Alibaba is China’s major eCommerce company, and Tango is an...
China Mobile profits fall
Profits at China Mobile, the largest mobile network service provider in the world, fell by 5.9% to 121.8 billion yuan ($19.5 billion). Many China...