12 MAY 2008
Businessman admits funding Olmert
Millionaire US businessman Morris Talanski admitted on Sunday that he gave financial contributions to Israeli Prime Minister Ehud ... more

11 MAY 2008
Aust faces 'ugly' choices in budget
Australia's centre-left government must make some ugly choices this week as it hands down its first budget since winning office, economists say. ... more

11 MAY 2008
Surging food prices bite across Asia
From the rice paddies of Asia to the wheat fields of Australia, the soaring price of food is breaking the budgets of the poor and raising the spectres of hunger and unrest, experts warn. ... more

11 MAY 2008
Murdoch withdraws bid for Newsday
Media titan Rupert Murdoch's NewsCorp has withdrawn its bid to buy the New York area newspaper Newsday, leaving Cablevision the likely victor ... more

10 MAY 2008
Japan's JVC, Kenwood to merge
Japanese electronics maker Victor Co of Japan Ltd (JVC) and Kenwood Corp have reached a final agreement to merge on October 1 under a holding company, a newspaper reported Saturday. ... more

10 MAY 2008
Microsoft appeals against fine
Microsoft on Friday lodged an appeal at a European court against a record 899 million euro (1.39 billion dollar) fine imposed on it by the EU ... more

10 MAY 2008
Citigroup to slash bln dlrs in assets
Citigroup, reeling from the subprime mortgage crisis, said Friday it plans to sell roughly 400 billion dollars in assets in a streamlining reorganization aimed at restoring the US banking giant to profit. ... more

09 MAY 2008
Facebook sets new safeguards
Top US state attorneys announced that Facebook has agreed to get tougher on keeping its young website users safe from bullies, porn, pedophiles ... more

09 MAY 2008
Biofuels backlash in US as food costs hit home
A biofuels backlash has erupted in major ethanol producer the United States, as lawmakers and experts debate the merits of converting food to fuel to support America's age-old love affair with the automobile. ... more

09 MAY 2008
Japan Airlines says back in profit
Japan Airlines Corp. said Friday that it had returned to profit in the year to March after two straight annual losses, but forecast a 23 percent drop in earnings this year amid high fuel costs. ... more

09 MAY 2008
Wall Street sputters as oil holds near record highs
US stocks struggled to hold early gains Thursday as oil prices hovered near record highs, keeping investors cautious despite generally upbeat reports from retailers. ... more

09 MAY 2008
US, Canada to build new bridge link
The United States and Canada are planning to build a second bridge connecting the US city of Detroit with Ontario's Windsor, to ease congestion ... more

09 MAY 2008
Oil prices hit new highs
Crude oil prices surged to new highs above 123 dollars Thursday in volatile trade after the OPEC cartel insisted the market was well-supplied ... more

08 MAY 2008
World oil prices strike fresh record
World oil prices continued their record-breaking run Thursday, reaching a fresh intra-day peak near 124 dollars a barrel despite a larger-than-expected rise in US crude stocks. ... more

08 MAY 2008
Bharti-MTN tie-up a win-win for both companies
It's still early days in talks by India's top mobile company Bharti Airtel to take over Africa's leading wireless operator but it could be a very lucrative proposition, analysts say. ... more

08 MAY 2008
Brazil to create 20 billion dollar
Brazil is to create a 20-billion-dollar sovereign fund to support Brazilian investment abroad and "absorb excess dollars in the market," Economy Minister ... more

08 MAY 2008
US Treasury hits money exchange
The US Treasury Department on Wednesday announced it sanctioned a chain of Colombian money exchange offices for operating on behalf ... more

07 MAY 2008
Pawnbrokers thrive as US economy falters
As other businesses struggle in an economic slowdown, US pawnbrokers are thriving thanks to increasing numbers of Americans forced to separate with ... more

07 MAY 2008
Toyota to warn of profit drop after record year
Toyota Motor Corp. is expected to report a record annual operating profit on Thursday on the back of brisk demand for its vehicles in fast-growing emerging markets, analysts predict. ... more

07 MAY 2008
Dollar rebounds slightly against yen
The dollar rebounded slightly against the yen in Asian trade on Wednesday, supported by hopes that the worst of the recent credit crisis on Wall Street is over, dealers said. ... more

07 MAY 2008
World oil near record highs
World oil traded near record highs of just below 122 dollars Wednesday after concerns over supply in key producer Nigeria and a weak US currency pushed prices higher in frenzied trading, dealers said. ... more

07 MAY 2008
Microsoft adds TV shows to Zune players
Microsoft began making television shows available for viewing on its Zune MP3 players on Tuesday as it continues a campaign to ... more

07 MAY 2008
IMF approves plan to sell 403 tonnes of gold
The International Monetary Fund board of governors Tuesday approved the sale of 403.3 tonnes of IMF gold reserves as part of a wide-ranging financial overhaul ... more

07 MAY 2008
Oil records shattered as price spike extends
Oil prices spiked to new highs Tuesday in the latest frenzied trade driven by concerns over violence in key producer ... more

06 MAY 2008
China to investigate Google for illegal maps
China has launched an investigation into online mapping services by Internet giants including Google and Sohu in an effort to protect state secrets and territorial integrity, state press said. ... more