General Motors has promised a more independent Opel and vowed to support its European unit with fresh money as the US carmaker tried to calm the fury sparked by last week's decision to keep the unit.
General Motors has promised a more independent Opel and vowed to support its European unit with fresh money as the US carmaker tried to calm the fury sparked by last week's decision to keep the unit.
The International Energy Agency has rejected reported allegations from a whistleblower that world oil reserves have been exaggerated to avoid panic buying in the oil market.
China's economic recovery accelerated in October with industrial output increasing at the fastest rate since March of last year, while retail sales also grew strongly.
The world economy is placing a bet on its future with China, but some Chinese are placing bets on their future with plastic.
The most coveted property on Hong Kong island is called "The Peak," overlooking the city's stunning Victoria Harbor.
The president of General Motors Europe, Carl Peter Forster, plans to resign in the wake of GM's decision this week not to sell its European wing, a source told CNN on Friday.
These days there's no such thing as a safe job, but one way to improve your chances of staying employed is by "managing up," experts say.
Lloyds Banking Group has announced 5,000 job cuts as the government-backed bank moves to integrate its wide-ranging businesses.
The concept of personal branding has been around for more than a decade, but the Internet and social networking have made it easier than ever to sell brand "you."
Close to one million strollers have been recalled by their manufacturer following reports at least 12 babies or toddlers had their fingers amputated after they were caught in the hinges.
Barclays and HSBC both reported good news on bad loans on Tuesday as their investment banking arms continued to drive growth.
The editor of China's most influential independent news magazine stepped down on Monday, raising concerns that a freer press might be on the retreat.
Dressed in Louis Vuitton from head to toe with the exception of a Gucci belt, Richard Eng stands out in his neighborhood in Hong Kong's New Territories. When we arrive at his home, the 45 year old father of one warmly welcomes us. His manners are as impeccable as the hairstyle and clothes that he proudly wears. But it's not the chic and manicured man standing in front of us that's caught our attention -- but the bright yellow Lamborghini parked in his driveway.
Cadbury on Monday rejected a hostile cash and shares bid from Kraft that valued the UK confectionery group at £9.8 billion ($16.5 billion) or 717p a share, after the U.S. foods group formalized the terms of an indicative offer it made two months ago.
As travel budgets are squeezed and slashed in the recession, companies are increasingly seeking innovative ways of bringing employees together for conferences and meetings remotely.
Australia's AMP has teamed up with French rival Axa to engineer an A$11bn US$10.2bn bid for Axa Asia Pacific, the Australian listed asset manager, in one of the largest takeover offers in the financial services sector since the onset of the financial crisis.
The board of Cadbury, the UK food group, is preparing to meet on Monday amid expectations that Kraft will go hostile with its takeover offer.
It's a city jostling for space -- and work.
Gordon Brown, the British prime minister, rapidly backpedaled from his proposal for a financial transactions tax on Sunday after a chorus of criticism of his plan set out in a speech on Saturday to a meeting of global finance ministers.
Manmohan Singh, India's prime minister, on Sunday sought to override divisions in his ruling coalition by pledging to fulfil a deep financial reform program in Asia's third-largest economy.
Key players in the Group of 20 refused to support a plan create an insurance fund to pay for bailouts if governments have to step in again to save giant businesses on the brink of collapse.
British Prime Minister Gordon Brown told a meeting of G-20 ministers in his home region in Scotland Saturday that the public must be protected from the failure of the banking system in future.
British Airways reported a record pre-tax loss Friday of more than $485 million, another setback for the airline as it faces the threat of strikes over the Christmas period.
Thousands of Opel workers went on strike in Germany on Thursday in protest at the decision by U.S. parent General Motors to abandon the sale of the automaker.
As political and business leaders representing more than half of the world's economic output start to gather in Singapore for the weeklong annual summit of the Asia-Pacific Economic Cooperation, a question looms: Does APEC matter?
The Bank of England's monetary policy committee voted on Thursday to expand its vast program to pump cash into the UK economy by £25bn ($41bn), in a sign that it remains worried about the outlook in spite of incipient signs of recovery.
Union officials were going to court Thursday in London to try to stop British Airways from imposing contractual changes on its 14,000-member cabin crew.
Toyota Motor scaled back its loss forecast for the year to next March on Thursday, reflecting an aggressive cost-cutting drive and improved sales of some vehicles -- particularly low-emission cars such as its Prius hybrid, which have been made more affordable by government subsidies.
The restructuring plan of Opel by automobile giant General Motors would include cuts of as many as 10,000 jobs at the European subsidiary.
Toyota Motor has decided to follow Honda and BMW out of Formula One racing to save costs as the Japanese carmaker braces for its second straight annual loss, a person with knowledge of the situation said on Wednesday.
Warren Buffett on Tuesday struck the biggest deal of his life with the $26.6bn purchase of Burlington Northern Santa Fe, one of the largest US railroad operators, in what the billionaire investor called an "all-in wager" on America's economic future.
GM has abandoned its planned sale of Opel to Canada's Magna and Russia's Sberbank . The surprise move will be an embarrassment for the German government which has expended a lot of political capital on the controversial deal.
Adventurous job seekers may have their sight sets on more favorable job markets in foreign countries, but there's more to working abroad than just buying a plane ticket to the nearest country with a growing economy.
Lloyds Banking Group and Royal Bank of Scotland on Tuesday announced that they were raising £54.5 billion ($88 billion) in moves agreed with the UK government and the European Commission.
Australia's central bank on Tuesday raised interest rates for the second time in just over a month as evidence mounts the nation's economic recovery is building momentum.
Signs of recovery after a torrid year reverberated around the world on Monday as manufacturers reported rising output and improved employment prospects in the US, Europe and Asia.
Royal Bank of Scotland on Monday said it was considering further asset sales "not initially contemplated", as part of the talks with the government aimed at breaking free from a state-backed asset insurance scheme.
Russia's Prime Minister Vladimir Putin held talks with Chinese counterpart Wen Jiabao in Beijing Tuesday, as the two countries agreed to bilateral economic and trade deals worth $4 billion, Chinese state media reported.
Standing in the shadow of the Burj Dubai Kye Ho Kim of Samsung Construction rattles off the list of records the building will break.
China ranks second only to the United States in the number of billionaires, according to an annual report of the 1,000 richest people in the country.
Japan's unemployment rate fell to 5.3 percent in September, the government reported on Friday.
The political and economic elite of countries that account for more than half the world's GDP are gathering this week in Singapore for the 20th anniversary of the Asia-Pacific Economic Cooperation.
To offset carbon dioxide, a Japanese airline is asking its passengers to go to the toilet before boarding.
The rights to the Terminator film franchise will be auctioned this month in a deal that will test Hollywood intellectual property valuations at a time when film industry profits are under pressure from falling DVD sales.
A book about the 1929 Great Depression was Thursday named the business book of the year.
Some 35 million pieces of mail have been delayed by this week's British postal strikes, Royal Mail said Friday.
The concept of personal branding has been around for more than a decade, but the Internet and social networking have made it easier than ever to sell brand "you."
Amazon said it would begin selling an international version of its popular e-reader that will work in more than 100 countries on October 19.
Iceland is losing its only three McDonald's restaurants as a result of the poor economic situation in the country.
China and the US resolved several thorny trade disputes on Thursday even as Beijing confirmed it was investigating potential dumping of US-made cars in the Chinese market.
Japan's unemployment rate fell to 5.3 percent in September, the government reported on Friday, according to Kyodo news Service.
Postal workers in Britain began a second round of strikes Thursday, disrupting deliveries across the country and deepening concern about mail services over the Christmas season.
Royal Dutch Shell said on Thursday that a total of 5,000 staff would be leaving the Anglo-Dutch oil and gas group as part of a restructuring begun earlier this year.
China is preparing to launch a trade investigation into whether US carmakers are being unfairly subsidised by the US government, according to people familiar with the matter.
Fashion house Gianni Versace will cut 25 percent of its global workforce by the middle of next year as part of cost-saving measures, a spokeswoman told CNN on Wednesday.
An elaborate publicity stunt by a Swedish mobile phone company involving a faked meteorite strike in a Latvian meadow has provided a new case study on how a marketing campaign can backfire.
BP, Europe's second-biggest oil company, said on Tuesday that its cost-cutting programme would yield $1bn (£610m) more in savings this year than it had been expecting.
Rising Chinese demand helped drive South Korea's economy to its fastest growth in seven years in the third quarter, underscoring how Asia is leading the global economy and trade out of the worldwide downturn.
Bank of England Governor Mervyn King this week launched a scathing attack on Britain's banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat.
Britain's gross domestic product suffered another decline in the third quarter of 2009, figures showed Friday, meaning the country remains mired in recession.
Technologies that let employees work remotely have given rise to a growing phenomenon -- virtual internships.
Britain's gross domestic product suffered another decline in the third quarter of 2009, figures showed Friday, meaning the country remains mired in recession.
Anyone scanning recent business headlines in China would not recognise the country where people supposedly save and never spend. In September, China Mobile's customer base crossed the half billion mark -- a powerful symbol of the awesome size of the Chinese consumer market.
China's GDP increased 8.9 percent for the third quarter, moving closer toward the goal of 8 percent growth for the year.
China needs an "urgent" tightening of monetary policy to prevent the huge stimulus measures introduced this year from inflating stock and property bubbles, one of the country's leading bankers has warned.
Bank of England Governor Mervyn King this week launched a scathing attack on Britain's banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat.
Technologies that let employees work remotely have given rise to a growing phenomenon -- virtual internships.
BHP Billiton on Wednesday added its voice to tentative signs of a more broad-based global recovery when the Anglo-Australian mining group reported record iron ore production in the three months ended September.
Sun Microsystems on Tuesday announced plans to slash 3,000 jobs over the next year, putting the move down to the delay in getting European Commission clearance for its agreed $7bn acquisition by Oracle.
Apple profits jumped 47 percent on surging iPhone and Macintosh computer sales in the latest quarter, capping a remarkable boom year for a company whose rivals were lucky to tread water.
Ben Bernanke said on Monday that it was "extraordinarily urgent" that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs.
Mortgage borrowers will have to pass new affordability tests and be able to prove their income to qualify for new loans following a sweeping reform of the market by the Financial Services Authority.
Raj Rajaratnam, the New York-based billionaire and hedge fund manager charged in an alleged insider trading scheme on Friday, was funding the Liberation Tigers of Tamil Eelam, which is considered a terrorist group by the US, the Sri Lankan government claimed on Sunday.
The wisdom of business professors, once only available to MBAs and business students, can now be accessed by anybody with an Internet connection.
Job seekers struggling with a cutthroat job market are turning to image consultants to give them an edge at interviews.
Google on Thursday declared the worst of the recession over and paved the way for a return to heavy spending on expansion as it reported a surprisingly strong 8 per cent jump in net revenues in its latest quarter.
Goldman Sachs reported on Thursday that it had nearly quadrupled its profits in the third quarter compared with a year ago, driven by a jump in trading revenues and strong returns on its own corporate investments.
The Obama administration said on Thursday that it had "serious concerns" about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress.
A scare over the health of Thailand's king has delivered a blunt lesson to investors about political risk in a country where many see the revered monarch as the sole hope of reconciliation in an increasingly fractured society.
A Hong Kong property developer has sold a duplex apartment for a world record price, less than three months after the territory technically emerged from recession.
The economic might of India may bring to mind technological savvy and overseas call centers. But to understand the Indian economy, a visit to a roadside dentist like Raj Kishore is more illuminating.
Barclays is planning to spin off a £4bn ($6.3) portfolio of complex credit assets as the bank presses ahead with a process to clean up its balance sheet and ease shareholder concerns over its investments.
British Prime Minister Gordon Brown unveiled plans Monday to sell off state assets worth an estimated £16 billion ($25 billion) as part of moves to reduce the UK's national debt.
When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple.
The next time you've got a job interview and someone advises you to "just be yourself," you might do well to ignore their advice.
At the UNIDO/UNEP/UN ESCAP/ILO conference on green industry in Asia, held in Manila, the Philippines in the second week of September, I proposed the formation of an International Green Finance Association in support of green industry and green economy in general.
Eurozone interest rates were left unchanged on Thursday at the record low of 1 per cent, highlighting the European Central Bank's caution about the strength of the region's economic recovery.
Versace, the favoured brand of celebrities such as Elton John and Jennifer Lopez, is pulling out of Japan after nearly 30 years -- highlighting the depth of the consumer slump in one of the world's largest luxury markets.
Shoppers are more likely to buy a product if they are told that another item has sold out, according to a new study.
Australia became the first OECD nation to raise interest rates on Tuesday when its central bank increased the official cash rate from 3 percent to 3.25 percent.
France Telecom, which faces a political storm over a spate of employee suicides, on Monday appointed Stephane Richard, a former top aide of France's economy minister, as deputy chief executive of the telecoms group.
Reinhard Mohn, who turned his family's religious publishing company into Bertelsmann AG, one of the world's largest media conglomerates, died Saturday, the firm announced Sunday.
When the economy gets tough, the tough come out fighting. For some businesses, that means bringing out a fighter brand -- a cut-price version of a flagship product, marketed under a new name, and intended to fight back against budget competitors.
Watching the premiere of "The Informant!" -- the Matt Damon movie about a high-level FBI mole at a large multinational company -- was the mole himself, Mark Whitacre.
Corruption investigators are to press for criminal charges over BAE Systems' arms deals, setting the stage for a showdown in Britain's most politically-charged corporate corruption case.
Business confidence in Japan improved for a second quarter running, but the outlook for spending and profitability remains weak, according to a survey by the Bank of Japan on Thursday.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a "significant" risk of another downward lurch in the global recession.
Anyone who has spent an afternoon making paper chains as part of a corporate team-building exercise will know that it takes more than a few cheap props and a buffet lunch to break out of the workplace rut.
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