World Business News

U.S. markets climbed quickly Tuesday morning, as worries over Dubai World's debt crisis eased. Markets were up in Asia and Europe after an unsteady few days prompted by Dubai World's announcement it would need to restructure $59 billion in debt....

An official newspaper reported quoting a senior official, the crisis caused by the Dubai's debt may provide investment opportunities for China to diversify Iidaatha hungry, particularly in the sectors of oil and gold. Hiaonan LG announced the President of the...

The Global village is the region's most popular open air family,cultural entertainment and shopping venue.The craftsmen and traders from around the world come and sell their wares.The festivities this year will run for 98 days from Nov 22, 2009 to...

In a widely expected move, the cost of borrowing increased to 3.75% from 3.5%. Australia was the only major developed economy to expand in the first half of 2009 and was the first to raise rates. The central bank governor,...

Prime Minister Yukio Hatoyama's witty comment on a rift with his younger brother in the opposition camp brought peals of laughter Tuesday during a public showing of the film ''Ototo'' (Younger Brother).      ''Younger brother. Hmm, I also wish to have...

General Electric and French corporation Vivendi have reached an accord that could pave the way for GE to sell NBC Universal, sources close to the deal said. The agreement allows GE to buy Vivendi's 20 percent share of NBC for...

A nuclear reactor maker, Areva, will hold exclusive talks to sell its transmission and distribution unit to a French consortium, dismissing foreign offers and keeping the business in domestic hands. The French economy minister, Christine Lagarde, supported the decision Monday,...

Department of Agriculture said Monday the nation's corn crop was 79 percent harvested with two states reporting the harvest is complete. Texas and North Carolina report 100 percent completion, while North Dakota's corn harvest is only 40 percent completed.

The new piece of plastic offers up to two per cent cash back on any items purchased at Sainsbury's, which are given to customers as Nectar points and can be used in stores. This level of cash back is higher...

World lacks understanding of debt crisis: Dubai World lacks understanding of debt crisis: Dubai KARACHI : Panic selling pulled down the prices of leading scrips at Karachi Stock Exchange (KSE) Tuesday as 100 Index plunged by 193.17 points to close...