Australia's Gillard faces new leadership discontent
February 03 2012 12:32 AM
Growing speculation that Australian Prime Minister Julia Gillard could be dumped by her party before the end of the year forced senior ministers to rally behind her Friday after a disastrous start to 2012.
Analysis: Single-cup coffee sales seen growing
February 02 2012 11:08 PM
Sara Lee Corp Executive Chairman Jan Bennink thinks it is time for his company to reinvest in the single-serve coffee market.
Kellogg and Sara Lee beat Street
February 02 2012 11:48 AM
U.S. food companies Kellogg Co
and Sara Lee Corp reported better-than-expected quarterly results on Thursday and stood by their 2012 outlooks even as both companies go through significant changes.
Sony cuts annual digital camera, PS3 hardware forecasts
February 02 2012 3:16 AM
Sony Corp on Thursday kept its annual LCD TV sales forecast unchanged but cut its forecasts for digital camera and PlayStation 3 hardware sales.
China rebel village takes halting democratic step
February 01 2012 7:40 AM
Residents of a restive village in southern China held a symbolic election on Wednesday, a small step towards grassroots rights in a centre that is now a benchmark of rural defiance against land grabs and corruption that blight villages nationwide.
Government launches 27th offshore oil, gas licensing round
February 01 2012 12:16 AM
The government launched its 27th offshore oil and gas licensing round on Wednesday with 2,800 blocks made available to energy explorers, it said.
Myanmar says will put stability ahead of economy - report
January 31 2012 2:16 AM
Myanmar President Thein Sein said his government was committed to political reform and would put the stability of the country ahead of economic development, Singapore's Straits Times newspaper reported on Tuesday.
Polished diamond prices seen hit by economy in Q1
January 30 2012 11:08 AM
Polished diamond prices may struggle to hold onto gains in the first quarter of 2012 due to worries over the global economic outlook, diamond dealers said on Monday.
MF Global ex-risk chief to testify before Congress
January 27 2012 4:16 PM
Michael Roseman, the former chief risk officer who is said to have raised red flags about aggressive trading bets at MF Global
, will testify before Congress next week, according to a congressional staffer familiar with the matter.
Weaker euro helps Spain and Italy, not Germany
January 27 2012 12:00 PM
Germany is the champion of exporters, but it may not be getting as much of a boost from a newly weaker euro as advertised -- indeed, there is evidence that the bigger beneficiaries could be the troubled economies on the euro zone periphery.
Insight - Scottish separatists face tough independence battle
January 27 2012 7:56 AM
Holding court in Edinburgh castle surrounded by sabres and armour from centuries-old battles with the English, Scottish nationalist leader Alex Salmond sets out his plans to fight for freedom by the ballot box rather than the sword.
Starbucks profit beats, Europe weakness hurts
January 26 2012 8:56 PM
reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the United States.
Starbucks posts profit beat, sales jump
January 26 2012 6:48 PM
Starbucks Corp's reported a quarterly profit that topped Wall Street's view after global economic worries failed to weaken demand for drinks and other products from the world's biggest coffee chain.
Wal-Mart plans to sell new drink machine: report
January 26 2012 4:32 PM
Wal-Mart Stores Inc
plans to start selling a new single-serve beverage maker, according to an analyst report on Thursday, sending shares of rival coffee system maker Green Mountain Coffee Roasters Inc down more than 4 percent.
Potash Corp sees big year after early weakness
January 26 2012 3:16 PM
, the world's biggest fertilizer maker, forecast one of its most profitable years ever, and its shares rose on Thursday even as it dampened expectations for the current quarter because of slipping demand for its namesake product.
Europe searches for mythical jobs and growth formula
January 26 2012 12:40 PM
Since the start of the year, one phrase has tripped off the lips of European leaders more than any other: jobs and growth. After two years of debt crisis and budget austerity, there is a strong desire to shift the narrative on.
Dollar shortage hits investment in Sudan
January 25 2012 11:08 AM
Sudanese entrepreneur Mohammed sees plenty of sales potential for pharmaceutical products in his country but has sleepless nights over how to pay his suppliers in Germany and Britain.
On track to double sugar yield growth - UK growers
January 25 2012 10:48 AM
UK growers said they are on course to meet ambitious industry targets to double annual growth in sugar beet yields to 4 percent for 2012 to 2015 as they prepare to become more competitive by the time EU sugar quotas end.
Obama plans new team to get tough on China trade
January 25 2012 12:48 AM
President Barack Obama on Tuesday said he was creating an enforcement unit to crack down on unfair trade practices in China and other countries and would beef up border inspections to block imports of counterfeit goods.
China leader-in-waiting Xi to visit White House next month
January 24 2012 5:00 AM
President Barack Obama will host China's likely next leader, Vice President Xi Jinping, at the White House on February 14, in a visit set to boost Xi's credentials as the man who will steer Beijing's close but quarrelsome ties with Washington.