NEW YORK: The euro gained for a third straight day Wednesday after the Greek parliament voted through an austerity package that should lead to the release of more bailout funds, averting an imminent debt default by Athens. Channel NewsAsia Business News
WASHINGTON: US President Barack Obama heaped pressure on his Republican foes in Congress on Wednesday to accept some tax hikes on the wealthiest earners as part of a deal to deflate swollen US debt and avert a possible default. Channel NewsAsia Business News
TOKYO: Toyota said Wednesday it will recall more than 110,000 hybrid vehicles in the United States, Japan and Europe because of faulty transistors in electrical power control boards. Channel NewsAsia Business News
TOKYO: Japan’s industrial production jumped 5.7 per cent in May from the previous month, reflecting a steady recovery in earthquake-hit supply chains following the March 11 quake and tsunami. Channel NewsAsia Business News
TOKYO: Ratings agency Moody’s on Tuesday said it had downgraded Toyota Motor and its affiliates by one notch to Aa3, citing concerns for its profitability against a strong yen and materials costs. Channel NewsAsia Business News
WASHINGTON: Hopeful news on Greek debt talks spurred the euro upward Monday, after mounting worries of a default last week sent the European currency plunging against the dollar. Channel NewsAsia Business News
PARIS : Increasing globalisation increases the risk that a major event such as a disease outbreak or financial collapse will prove more disruptive to the world economy while also making them more likely, the OECD said on Monday. Channel NewsAsia Business News
NEW DELHI: New Zealand Prime Minister John Key was in India on Monday to push for a free trade agreement that would reduce high tariffs on a range of exports to the Asian giant. Channel NewsAsia Business News
ATHENS : Most Greeks would rather accept the harsh terms of an austerity package imposed by foreign creditors than see their country go broke, a poll published Sunday suggested. Channel NewsAsia Business News
CHONGQING, China : A forest of buildings and cranes rises through thick fog above roads jammed with cars in a Chinese city the size of Austria and home to more than 32 million people. Channel NewsAsia Business News