HONG KONG (Reuters) - The euro and sterling were under pressure on Wednesday after renewed concerns about Europe’s fiscal problems but oil, copper and the Australian dollar were supported by China’s strong export and import data.
CAPE CANAVERAL, Florida (Reuters) - Space Exploration Technologies aborted a test firing of its Falcon 9 rocket on Tuesday, in what was to be a key milestone in its quest to fly cargo — and eventually astronauts — to the International Space Station.
STOCKHOLM (Reuters) - The parent of China’s Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns (.10 billion), a Swedish business daily reported on Wednesday.
(Reuters) - American International Group Inc has formulated a new “forced ranking” system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America said on Tuesday it will no longer charge overdraft fees on debit card purchases as of this summer, a move that may cost millions in fee income.
BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world’s third-largest economy and reinforcing the case for a rise in the yuan.
BEIJING/GENEVA (Reuters) - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world’s third-largest economy faces a growing number of commercial disputes.
NEW YORK (Reuters) - Cisco Systems Inc introduced its first major new routers in six years and said they can be configured to handle Internet traffic up to 12 times faster than rival products.
WASHINGTON (Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
ZURICH (Reuters) - Swiss Re said on Wednesday the insurance sector stood to lose - billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices.
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