Global economic recovery has started: IMF
The global economic recovery has begun but sustaining it will require refocusing the United States toward exports and Asia toward imports, the International Monetary Fund's chief economist said. Read Full Article here.
UBS to detail some U.S. accounts, others face scrutiny
Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday. Read Full Article here.
Buffett says unchecked U.S. debt threatens economy: report
Billionaire investor Warren Buffett said the U.S. economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode U.S. purchasing power. Read Full Article here.
Sony rolling out new, cheaper PS3
Sony Corp will launch a slimmer, cheaper version of its PlayStation 3 game console next month, hoping to jumpstart sales and win back market share from rivals Microsoft and Nintendo. Read Full Article here.
Macquarie buys U.S. asset manager for $428 million
Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business. Read Full Article here.