LONDON - Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months.
- U.S. fund industry sees modest wins in final Volcker rule |
- China bitcoin arbitrage ends as punters work around capital controls
- Eleven EU states to consider narrower transaction tax
- UK watchdog fines Lloyds record $46 million for sales failings
- EADS strategy to stress Airbus commercial jets; defense, space revenues flat
Recent Business News
HONG KONG - Alibaba Group Holding Ltd said on Wednesday it is seeking to extend the draw-down period of an $8 billion loan from January next year, a move people familiar with the e-commerce company's plans said would buy it more time to launch an IPO.
LONDON - Global mining company Rio Tinto told investors on Wednesday that it had already last month exceeded its 2013 target of cutting $2 billion of operating costs.
WASHINGTON - A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
- An Indian court ruling expected on Thursday could determine whether Nokia will be free to transfer a phone-making factory to Microsoft Corp or pay as much as $3.4 billion in disputed taxes.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.