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Latest International Business News

• Asia stocks head for 5th straight week of gains

  12 Mar 2010

  SINGAPORE (Reuters) - Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel. ..More

• Obama to tap Yellen for Fed vice chair: source

  12 Mar 2010

  WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday. ..More

• Examiner sees accounting gimmicks in Lehman demise

  12 Mar 2010

  NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. ..More

• Yara says will not raise Terra offer

  12 Mar 2010

  OSLO (Reuters) - Norway's Yara International said on Friday it would not raise its offer for Terra Industries to match or exceed a rival bid from CF Industries Holdings Inc . ..More

• Bank reform talks fail, Dodd to go solo

  11 Mar 2010

  WASHINGTON (Reuters) - Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices. ..More

• Toyota discounts boost sales

  12 Mar 2010

  DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures. ..More

• U.S. "very close" to job growth: Summers

  12 Mar 2010

  HOUSTON (Reuters) - White House economic adviser Larry Summers said on Thursday that the United States is "very close" to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric) ..More

• Citigroup sees return to sustained profitability

  11 Mar 2010

  NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate. ..More

• Fed seen keeping "extended period" low rate vow

  11 Mar 2010

  WASHINGTON (Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low for a long time at a monetary policy meeting next week. ..More

• Movie "Avatar" has few fans among mining execs

  11 Mar 2010

  NEW YORK (Reuters) - It's enough to make a mining executive grit his teeth or his kids to give him the silent treatment. ..More

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