Lenovo in Talks to Buy IBM Server Business
Cash Injection Eases Jitters in China
Lenovo Group is in talks to buy IBM's low-end server business, a person familiar with the matter said, reviving negotiations that fell apart last year over valuation.
Mon, 20 Jan 2014 23:47:53 EST
China's short-term interest rates fell after the central bank pumped in an usually large amount of funds into the money markets to pre-empt a potential liquidity crisis as demand for cash rises ahead of the Lunar New Year holiday.
Mon, 20 Jan 2014 23:04:51 EST
New Zealand Outpaces World Economy
In a world still limping its way out of the global financial crisis, New Zealand's economy is looking remarkably zippy. Evidence of how prosperous New Zealanders feel is everywhere.
Mon, 20 Jan 2014 22:59:55 EST
Thousands More Displaced by Indonesia's Flooding
About 45,000 people in the Indonesian capital of Jakarta have been displaced by recent flooding, although a dry forecast offers hope.
Mon, 20 Jan 2014 20:53:10 EST
China Shares Jump in First-Day Trade
Eight small Chinese companies rose in first-day trading on Tuesday as investor enthusiasm for new listings continued.
Mon, 20 Jan 2014 23:58:22 EST
AB InBev to Buy Back Korean Brewer
KKR and Affinity agreed to sell South Korea's Oriental Brewery back to AB InBev for $5.8 billion, in the largest private-equity exit in Asia on record.
Mon, 20 Jan 2014 23:53:16 EST
China Stocks Rise on PBOC Move
Chinese stocks moved higher on Tuesday, after the People's Bank of China injected money into the financial system, while a weaker yen helped push Japanese stocks higher.
Mon, 20 Jan 2014 23:15:00 EST
Fed on Track for Next Cut in Bond Buys
The Fed is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank's expectations for solid U.S. economic growth this year.
Mon, 20 Jan 2014 22:43:01 EST
Deutsche Bank Loss Could Be Harbinger for Sector
Deutsche Bank's $1.35 billion fourth-quarter loss suggests that a new phase of banking cleanups is getting under way in Europe.
Mon, 20 Jan 2014 21:50:37 EST
South Korea Executives Offer to Quit Over Credit-Card Leaks
Executives at three South Korean financial companies tendered their resignations following the nation's largest-ever leak of personal information about credit card holders.
Mon, 20 Jan 2014 21:21:19 EST