Saturday, May 26th, 2012

World

Buffett set to buy more newspapers

Buffett looks to buy more US newspapers

Berkshire Hathaway looks to purchase small to mid-sized newspapers that cover their communities well.

Related:: New Orleans paper ends daily editions

Spanish bank confident of bailout

The new president of Spain's fourth-biggest bank, Bankia, which holds some 10 per cent of the nation's bank deposits, is optimistic it will get a bailout.
May 26, 2012, 8:57 pm
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Little sympathy for Greece: IMF chief

IMF director Christine Lagarde has criticised Greek citizens "who are trying to escape tax", and says the country needs to do more to sort its problems.
May 26, 2012, 8:43 pm

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Toyota looks to emerging markets

Toyota is looking to emerging markets for growth, targeting 50 per cent of its global vehicle sales there by 2015, and rolling out eight compact models.
May 25, 2012, 12:12 pm

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New Orleans newspaper ends daily editions

New Orleans newspaper The Times-Picayune, one of America's oldest dailies, has announced its print editions will be published only three times a week.
May 25, 2012, 12:07 pm

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Britain's recession deeper than first thought

Britain's recession is deeper than first thought, according to revised official figures that show the economy of the non-eurozone nation shrank 0.3 per cent in the first quarter.
May 25, 2012, 8:16 am

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ECB boss calls for EU growth pact

European Central Bank president Mario Draghi says the EU is living "a crucial moment in its history" and stressed the importance of a growth pact to counterbalance budget discipline.
May 25, 2012, 8:12 am

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Buffett set to buy more newspapers

US billionaire Warren Buffett says his company is likely to buy more newspapers and will not try to influence the editorial policies of any of them.
May 25, 2012, 4:15 am

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Lawsuits mount over Facebook IPO debacle

Furious investors are launching class action lawsuits against Facebook alleging banks handling the IPO misled them over the company's future prospects.
May 24, 2012, 12:32 pm

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New Zealand curbs spending in quest for surplus

WELLINGTON, May 24, 2012 (AFP) - - New Zealand said Thursday it would contain spending to try to put the government's books back in the black within three years, while also fostering growth in the struggling economy.
May 24, 2012, 12:29 pm
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Chinese manufacturing contracts again

Chinese manufacturing contracted in May for the seventh consecutive month as exports deteriorated, British banking giant HSBC said, arguing the data showed the need for more policy easing.
May 24, 2012, 11:59 am

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EU summit ends with Greek warning

EU leaders want Greece to stay in the eurozone but it must continue economic reforms, the EU president says at a Brussels summit.
May 24, 2012, 11:26 am
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Key facts from the New Zealand budget

WELLINGTON, May 24, 2012 (AFP) - - Key figures from the 2012-13 New Zealand budget, unveiled by Finance Minister Bill English on Thursday:
May 24, 2012, 10:14 am
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Merkel, Hollande at odds over eurobonds

A European Union summit ended with a warning to Greece that it will have to stick to its bailout terms if it wants to stay in the eurozone, but failed to resolve Franco-German differences over the issue of eurobonds.
May 24, 2012, 8:34 am

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Greek banks get capital injection

Four of Greece's leading banks are to receive an 18-billion-euro ($A23.4 billion) capital injection to replenish reserves which were hit by the country's massive debt restructuring deal.
May 24, 2012, 8:32 am

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Greek banks get $23 billion from bailout

Four leading Greek banks will receive a $23 billion capital injection to boost their liquidity levels, a key element of Greece's second bailout deal.
May 24, 2012, 5:34 am
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Japan's April trade deficit widens

Japan has reported a bigger-than-expected trade deficit of 520.3 billion yen ($A6.66 billion) for April.
May 23, 2012, 9:09 am

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Market opens lower on flat Wall St

The Australian sharemarket opened lower after two days of gains, with losses across most sectors after mixed offshore leads.
May 23, 2012, 9:04 am

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OECD warns eurozone crisis stunting growth

Europe comes under mounting pressure to take action to boost growth as OECD warns eurozone crisis poses greatest risk to global recovery.
May 23, 2012, 8:49 am

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Yara boss steps down to fight charges

One of Yara International's top executives has stepped down from overseeing key parts of the Norwegian fertiliser giant's global operations, including its Burrup plant near Karratha, while he fights to clear his name from corruption allegations.
May 23, 2012, 7:26 am

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Greece shares drop to lowest in 22 years

Another gloomy growth forecast has seen shares on the Athens Stock Exchange drop to their lowest level in 22 years.
May 22, 2012, 9:48 pm
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