How the LIBOR scandal could affect you
The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.
How long will the inflation holiday last?
Something happened in the second quarter of 2012 that hadn't happened in two years: Savings accounts actually made money.More specifically, this was the first time since the second quarter of 2010 that inflation dropped below the rate of interest on savings accounts.
Bumi Resources 1st Half Coal Average Selling Price $88.4/Ton Vs $91.3/Ton
Thermal coal miner PT Bumi Resources' (BUMI.JK) first-half coal sales volume rose to 32.2 million metric tons from 29.3 million tons a year earlier, an official at the company told Dow Jones Newswires Friday.
Renault Vulnerable to Eventual Supply Chain Disruptions - Tavares
French car maker Renault SA (RNO.FR) is vulnerable to eventual breaks in its supply chain, especially in France, where some suppliers are encountering financial difficulties, Chief Operating Officer Carlos Tavares said Friday.
ICICI Bank April-June Net Profit Rises 36% To INR18.15 Billion
India's ICICI Bank Ltd. (532174.BY) Friday topped market expectations to reported a 36% jump in its fiscal-first-quarter unconsolidated net profit, helped by strong growth in income on loans.
Barclays Net Narrows, Continues Hunt For CEO
Barclays PLC (BCS) said Friday said its net profit narrowed to GBP70 million in the first half of the year but said it remained focused on hitting profitability targets, even as it continues to hunt for a raft of key executives and braces itself for a slew of lawsuits following an interbank lending
Earnings Underpin Early Gains For Europe Stocks
European stock markets moved cautiously higher on Friday, underpinned by well-received results for banks, autos and the energy sector.
Bank Indonesia: DBS Has Yet to Complete Documents for Danamon Acquisition
Singapore's DBS Group Holdings Ltd. (D05.SG) still needs to submit a number of documents to Bank Indonesia regarding its proposed acquisition of PT Bank Danamon (BDMN.JK), Halim Alamsyah, a deputy governor of the central bank, told reporters Friday.
Wipro Looking for Global IT Services Contract From Telenor
Wipro Ltd. (507685.BY) is trying to get a global technology services outsourcing contract from Telenor ASA (TEL.OS), which may help offset a fall in the business it gets from the Norwegian company in India.
Advanced Semiconductor 2Q Net Profit Down 12% at NT$3.20 Billion
Advanced Semiconductor Engineering Inc. (ASX) said Friday its second-quarter net profit fell 12% from a year earlier due to weakening demand for chip-packaging and testing services.