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Business & Finance

Google sees quarterly profit up

17.07.2009 - Business & Finance

Internet search engine Google has seen better-than-expected quarterly results even as revenue growth slowed following the economic downturn.

Major US lender 'on the brink'

16.07.2009 - Business & Finance

Days of talks on a possible last-ditch bail-out between the US government and troubled New York-based lender CIT Group Inc have come to an end.

Crude oil price falls below $60

13.07.2009 - Business & Finance

The price of oil has fallen below $60 a barrel, as concerns persist about the state of the world economy.

Europe gas line deal to be signed

13.07.2009 - Business & Finance

Four European countries are meeting in Turkey to sign a five-nation agreement for the long-planned 3,300km Nabucco natural gas pipeline.

Judge refuses to delay sale of GM

10.07.2009 - Business & Finance

A US judge has rejected a last minute request by a group of personal injury claimants to delay the sale of the profitable parts of General Motors.

US loan defaults hit record level

07.07.2009 - Business & Finance

The level of people falling behind with consumer loans in the US hit a new high in the first three months of 2009, the American Bankers Association said.

Worst of the recession 'is over'

07.07.2009 - Business & Finance

The worst of the recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

Expats in Russia earn more

06.07.2009 - Business & Finance

The 2009 Expat Explorer survey, commissioned by HSBC International, shows that a third of the expats working in Russia earn more than $250,000 per year.

GM bankruptcy plan gains approval

06.07.2009 - Business & Finance

A US judge has approved a bankruptcy plan for car giant GM, which allows the firm to transfer its profitable assets to a new government-backed firm.