International Business News http://www.ibtimes.com/rss/feed/topnews.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/topnews.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif A junior Russian policeman was fired on Sunday after making a YouTube appeal to Prime Minister Vladimir Putin accusing senior officers of corruption, a claim dismissed by authorities as false, news agencies reported. http://www.ibtimes.com/articles/20091108/russia-fires-police-youtube-whistleblower.htm http://www.ibtimes.com/articles/20091108/russia-fires-police-youtube-whistleblower.htm Sun, 08 Nov 2009 16:08:01 EST Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors <GM.UL> so long as it gains greater independence. http://www.ibtimes.com/articles/20091108/opel-unions-see-autonomy-as-condition-to-talks.htm http://www.ibtimes.com/data/articleimgs/223718-a-truck-with-opel-cars-drives-past.jpg http://www.ibtimes.com/articles/20091108/opel-unions-see-autonomy-as-condition-to-talks.htm http://www.ibtimes.com/articles/20091108/opel-unions-see-autonomy-as-condition-to-talks.htm Sun, 08 Nov 2009 14:56:02 EST After a landmark win in the House of Representatives, President Barack Obama's push for healthcare reform faces a difficult path in the Senate amid divisions in his own Democratic Party on how to proceed. http://www.ibtimes.com/articles/20091108/healthcare-measure-faces-tough-path-senate.htm http://www.ibtimes.com/data/articleimgs/223721-house-speaker-nancy-pelosi.jpg http://www.ibtimes.com/articles/20091108/healthcare-measure-faces-tough-path-senate.htm http://www.ibtimes.com/articles/20091108/healthcare-measure-faces-tough-path-senate.htm Sun, 08 Nov 2009 14:06:36 EST China hopes that the United States will keep its deficit to an appropriate size to ensure basic stability in the U.S. dollar exchange rate, Chinese Premier Wen Jiabao said on Sunday. http://www.ibtimes.com/articles/20091108/china-hopess-keeps-deficit-to-appropriate-size.htm http://www.ibtimes.com/data/articleimgs/223719-chinese-premier-wen-jiabao-talks-atsession-of.jpg http://www.ibtimes.com/articles/20091108/china-hopess-keeps-deficit-to-appropriate-size.htm http://www.ibtimes.com/articles/20091108/china-hopess-keeps-deficit-to-appropriate-size.htm Sun, 08 Nov 2009 13:56:01 EST As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. http://www.ibtimes.com/articles/20091108/stocks-eye-retailers-as-jobless-ranks-grow.htm http://www.ibtimes.com/articles/20091108/stocks-eye-retailers-as-jobless-ranks-grow.htm Sun, 08 Nov 2009 13:32:01 EST The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work." http://www.ibtimes.com/articles/20091108/goldman-sachs-boss-says-banks-do-gods-work.htm http://www.ibtimes.com/data/articleimgs/223720-blankfein-chairman-and-ceo-of-goldman-sachs.jpg http://www.ibtimes.com/articles/20091108/goldman-sachs-boss-says-banks-do-gods-work.htm http://www.ibtimes.com/articles/20091108/goldman-sachs-boss-says-banks-do-gods-work.htm Sun, 08 Nov 2009 11:32:01 EST General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on Sunday. http://www.ibtimes.com/articles/20091108/gm-to-stick-to-opel-cuts-plan-future-chairman.htm http://www.ibtimes.com/data/articleimgs/223717-a-truck-with-opel-cars-drives-past.jpg http://www.ibtimes.com/articles/20091108/gm-to-stick-to-opel-cuts-plan-future-chairman.htm http://www.ibtimes.com/articles/20091108/gm-to-stick-to-opel-cuts-plan-future-chairman.htm Sun, 08 Nov 2009 07:48:02 EST Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday. http://www.ibtimes.com/articles/20091108/uk-australia-seek-ubs-data-afters-tax-case.htm http://www.ibtimes.com/data/articleimgs/223716-the-logo-of-swiss-bank-ubs-can.jpg http://www.ibtimes.com/articles/20091108/uk-australia-seek-ubs-data-afters-tax-case.htm http://www.ibtimes.com/articles/20091108/uk-australia-seek-ubs-data-afters-tax-case.htm Sun, 08 Nov 2009 06:16:02 EST Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior. http://www.ibtimes.com/articles/20091108/geithner-need-stimulus-not-financial-transactions-tax.htm http://www.ibtimes.com/articles/20091108/geithner-need-stimulus-not-financial-transactions-tax.htm Sun, 08 Nov 2009 03:08:02 EST Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior. http://www.ibtimes.com/articles/20091108/geithner-need-stimulus-not-transactions-tax.htm http://www.ibtimes.com/data/articleimgs/223715-britains-chancellor-of-the-exchequer-darling-chats.jpg http://www.ibtimes.com/articles/20091108/geithner-need-stimulus-not-transactions-tax.htm http://www.ibtimes.com/articles/20091108/geithner-need-stimulus-not-transactions-tax.htm Sun, 08 Nov 2009 03:08:01 EST China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after finance ministers and central bank governors of the Group of 20 nations met in Scotland, said countries with global reserve currencies should work to maintain the currencies' value to avoid destabilising the world economy. http://www.ibtimes.com/articles/20091107/china-presses-developed-world-on-policy-after-g20.htm http://www.ibtimes.com/articles/20091107/china-presses-developed-world-on-policy-after-g20.htm Sat, 07 Nov 2009 20:21:31 EST Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. http://www.ibtimes.com/articles/20091107/g20-pledge-support-economy-until-recovery-firms.htm http://www.ibtimes.com/articles/20091107/g20-pledge-support-economy-until-recovery-firms.htm Sat, 07 Nov 2009 20:16:08 EST Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior. http://www.ibtimes.com/articles/20091107/stimulus-not-transactions-tax-needed-geithner.htm http://www.ibtimes.com/data/articleimgs/223714-treasury-secretary-timothy-geithner-points-duringpress-conference.jpg http://www.ibtimes.com/articles/20091107/stimulus-not-transactions-tax-needed-geithner.htm http://www.ibtimes.com/articles/20091107/stimulus-not-transactions-tax-needed-geithner.htm Sat, 07 Nov 2009 14:56:02 EST Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday. http://www.ibtimes.com/articles/20091107/wall-street-firms-skittish-about-rusal-ipo-report.htm http://www.ibtimes.com/data/articleimgs/223713-russian-tycoon-deripaska-speaks-duringconference-in-moscow.jpg http://www.ibtimes.com/articles/20091107/wall-street-firms-skittish-about-rusal-ipo-report.htm http://www.ibtimes.com/articles/20091107/wall-street-firms-skittish-about-rusal-ipo-report.htm Sat, 07 Nov 2009 14:48:01 EST Corruption costs developing nations $20 to $40 billion each year, while emerging markets and financial centers are increasingly havens for stolen assets, a top World Bank official said Saturday. http://www.ibtimes.com/articles/20091107/corruption-costs-poorer-states-up-to-40-billionyear.htm http://www.ibtimes.com/articles/20091107/corruption-costs-poorer-states-up-to-40-billionyear.htm Sat, 07 Nov 2009 14:48:01 EST Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. http://www.ibtimes.com/articles/20091107/regulators-close-gateway-bank-prosperan-bank.htm http://www.ibtimes.com/articles/20091107/regulators-close-gateway-bank-prosperan-bank.htm Sat, 07 Nov 2009 13:56:02 EST Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly. http://www.ibtimes.com/articles/20091107/uk-gives-impetus-to-global-banks-tax.htm http://www.ibtimes.com/data/articleimgs/223712-britains-prime-minister-gordon-brown-addresses-the.jpg http://www.ibtimes.com/articles/20091107/uk-gives-impetus-to-global-banks-tax.htm http://www.ibtimes.com/articles/20091107/uk-gives-impetus-to-global-banks-tax.htm Sat, 07 Nov 2009 13:48:02 EST The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. http://www.ibtimes.com/articles/20091107/jobless-rate-surges-to-10percent.htm http://www.ibtimes.com/articles/20091107/jobless-rate-surges-to-10percent.htm Sat, 07 Nov 2009 11:56:01 EST World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax. http://www.ibtimes.com/articles/20091107/britain-gives-impetus-to-global-tax-on-banks.htm http://www.ibtimes.com/data/articleimgs/223710-britains-prime-minister-gordon-brown-speaks-as.jpg http://www.ibtimes.com/articles/20091107/britain-gives-impetus-to-global-tax-on-banks.htm http://www.ibtimes.com/articles/20091107/britain-gives-impetus-to-global-tax-on-banks.htm Sat, 07 Nov 2009 11:24:02 EST U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth. http://www.ibtimes.com/articles/20091107/geithner-says-need-to-keep-stimulus-on.htm http://www.ibtimes.com/data/articleimgs/223711-britains-chancellor-of-the-exchequer-darling-chats.jpg http://www.ibtimes.com/articles/20091107/geithner-says-need-to-keep-stimulus-on.htm http://www.ibtimes.com/articles/20091107/geithner-says-need-to-keep-stimulus-on.htm Sat, 07 Nov 2009 11:16:02 EST