Business News

German Minister of Finance Schaeuble at a meeting in Copenhagen in this March 30, 2012 file photo. REUTERS/Fabian Bimmer

Fri, May 18, 2012

Euro zone market turmoil to last 12-24 months: German finance minister

PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday that market turmoil surrounding the euro zone crisis could last another 12 to 24 ...

Pedestrians are reflected in the Bankia headquarters building in Madrid, May 10, 2012. REUTERS/Paul Hanna

Fri, May 18, 2012

Spain hires Goldman Sachs to value Bankia: report

MADRID (Reuters) - The Spanish government has hired Goldman Sachs to carry out an independent valuation of Bankia , the ailing bank taken over by the ...

Fri, May 18, 2012

GE aims to double China JVs to around 56 in five years

HONG KONG (Reuters) - General Electric Co aims to double the number of joint ventures it has in China from the current 28 in roughly ...

Fri, May 18, 2012

U.S. sets new tariffs on Chinese solar imports

(Reuters) - The United States hit Chinese solar companies with punitive import tariffs of 30 percent or more on Thursday, ruling they had dumped cut-price ...

Jamie Dimon, chairman and chief executive of JP Morgan Chase and Co, speaks at the 2012 Simon Graduate School of Business' New York City Con

Fri, May 18, 2012

Analysis: JPMorgan CEO gets crisis marks but war isn't over

By Edith Honan

NEW YORK (Reuters) - Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get ...

Thu, May 17, 2012

Pepsi drops sponsorship of horse show after video of animal abuse

By Tim Ghianni

NASHVILLE, Tennessee (Reuters) - Soft drink maker Pepsi said on Thursday that it was dropping sponsorship of a prestigious national horse show ...

Thu, May 17, 2012

China second quarter GDP growth seen at 7.5 percent: government think-tank

BEIJING (Reuters) - China's annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property ...

Facebook logos on a computer screen are seen in this photo illustration taken in Lavigny May 16, 2012. REUTERS/Valentin Flauraud

Thu, May 17, 2012

GM ad move followed failed Facebook pitch: sources

By Ben Klayman and Bernie Woodall

DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its ...

Thu, May 17, 2012

Buffett tried to buy ResCap before bankruptcy: report

(Reuters) - Billionaire investor Warren Buffett sought to buy Residential Capital (ResCap) from Ally Financial before the U.S. auto and mortgage lender put its ...

Thu, May 17, 2012

Japan government ups economic outlook on consumption, exports

TOKYO (Reuters) - Japan's government took a brighter view of the economy in a report on Friday, thanks to improvements in private consumption and ...