Tuesday, March 31, 2009

Google to venture into start-ups

Search giant Google eyes new talent as it enters into venture capitalism, pledging to invest millions of dollars.

Monday, March 30, 2009

GM chairman forced out by Obama

The chief executive and chairman of troubled US carmaker General Motors will step down at once, at the request of Barack Obama.

Friday, March 27, 2009

Australia rejects China takeover

Australia rejects a Chinese state-run firm's $1.7bn takeover bid for Australia's Oz Minerals because of national security concerns

Thursday, March 26, 2009

Brown pre-G20 tour reaches Brazil

Gordon Brown heads for Brazil, as he continues efforts to forge a consensus on action to tackle the global economic crisis.

Wednesday, March 25, 2009

Japan's February exports halved

Japan's exports see a record plunge in February, falling by nearly half compared with a year earlier, the finance ministry says.

Tuesday, March 24, 2009

Top AIG bosses 'to repay bonuses'

Nine of the 10 executives paid top bonuses by US insurance giant AIG agree to return them, officials say.

Monday, March 23, 2009

World's cheapest car is launched

India's Tata Motors is due to launch the 100,000 rupees Nano car on Monday as it seeks to boost its own fortunes.

Friday, March 20, 2009

US lawmakers vote for bonus tax

The US House of Representatives approves a 90% tax on bonuses from bailed-out firms, in a vote hailed by President Obama.

Thursday, March 19, 2009

Dollar slides after US Fed plan

The dollar falls against all major currencies after the US Federal Reserve announced $1.2 trillion stimulus plan.

Wednesday, March 18, 2009

US to force AIG to repay bonuses

Insurer AIG must pay back $165m of staff bonuses awarded after accepting public bail-out funds, the US treasury secretary says.

Tuesday, March 17, 2009

Sri Lanka plays hardball with IMF

Sri Lanka will not accept any conditions on a loan from the International Monetary Fund, the island's president says.

Monday, March 16, 2009

Bernanke hopeful for US recovery

The head of the US central bank, Ben Bernanke, says he expects the country's recession to end this year.

Friday, March 13, 2009

Madoff admits $50bn fraud scheme

Financier Bernard Madoff is jailed after pleading guilty to all 11 charges in a $50bn (£35bn) fraud and apologising to investors.

Thursday, March 12, 2009

Rich list hit by economic crisis

The financial crisis takes its toll on the world's richest people, knocking 322 names off the Forbes 'rich list' of billionaires.

Wednesday, March 11, 2009

China's exports in sharp decline

Chinese exports sank 25% in February from a year ago, figures show, as demand for the country's goods overseas falls.

Tuesday, March 10, 2009

IMF predicts a global recession

The world economy is likely to shrink for the first time in decades this year, the head of the International Monetary Fund warns.

Monday, March 9, 2009

Japan's exports halved in January

Japan imported more than it exported for the first time for 13 years in January, official figures show.

Friday, March 6, 2009

Opel 'should consider insolvency'

German carmaker Opel should consider insolvency instead of state aid, the country's interior minister has said.

Thursday, March 5, 2009

China 'faces most difficult year'

Chinese Premier Wen Jiabao says the country faces unprecedented challenges, as he gives details of its economic stimulus plans.

Wednesday, March 4, 2009

Japan clears cash hand-out bill

Japan passes legislation to give a cash hand-out to every resident in an attempt to boost the recession-hit economy.

Tuesday, March 3, 2009

Toyota arm seeks government loan

Toyota, the world's biggest car maker, asks the Japanese government for a 200bn-yen loan for its car financing unit.

Monday, March 2, 2009

Economy worries hit global shares

Global stock markets see big falls on fears the global financial sector could be taking a further turn for the worse.