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Bank curbs, political fallout slam Wall Street

Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.

Wall Street sinks on bank, political jitters

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Stocks tumbled in their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits and a drop in tech shares after Google Inc's disappointing results.
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China says U.S. Internet accusations baseless

China hit back at U.S. criticism of Internet censorship and hacking on Friday, warning that relations between the two global heavyweights were being hurt by a feud centered on web giant Google.
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Russia's RUSAL raises $2.2 billion in Hong Kong IPO

Russia's UC RUSAL, the world's largest aluminum producer, raised $2.2 billion through its initial public offering and brought the debt-burdened company a step closer to being the first non-Asian firm to have a primary listing in Hong Kong.
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A-Power Texas project costs up; China may fund

Chinese wind turbine company A-Power Energy Generation Systems said cost overruns at its 600-megawatt wind power project in Texas could reach $500 million and it was talking to Chinese state banks about funding the project.
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Media in China dismiss U.S. Internet push

Chinese media on Friday dismissed Washington's call to lift Internet censorship, after a top Chinese diplomat warned the Obama administration to heed alarm bells over trade, Taiwan and Tibet.
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South wants N.Korea back at nuclear talks mid-Feb

South Korea's foreign minister said on Friday he wants to see dormant international talks on ending North Korea's nuclear arms programme resume in February without Pyongyang attaching conditions to its return.
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China-led group may discuss climate fund for poor

A meeting of four of the world's fastest-growing carbon emitters on Sunday ahead of a Jan. 31 deadline for countries to submit their action plans to fight climate change may discuss a climate fund for poorer nations.
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China lashes back at U.S. over Internet criticism

China hit back hard against U.S. criticism of Beijing's controls over the Internet, saying on Friday that Washington's push against online censorship could harm relations between the two big powers.
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Google profit rises, revenue misses some forecasts

Google Inc was among the first technology companies to shake off the recession last year, but the Internet giant's fourth-quarter report could not satisfy investors' increasing demand for stronger growth.
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Brazil to create climate fund, technology for poor

Brazil will propose the creation of a joint fund with China, India and South Africa to help poor countries adapt to global warming as part of a broader attempt to revive stalled global climate talks.
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Google 'quite committed' to staying in China

Google said that it was quite committed to staying in China on Thursday, giving the first indication that it would like to repair ties after threatening to leave the country last week.
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Financial and Tech stocks plunge in after-hours trading

After the Nasdaq composite index closed down 1.12 percent to trade at 2,265.7 and the S&P 500 index fell 2.01 percent to close at 1,116.48, Google (NASDAQ:GOOG) and several lesser known tech and financial companies reported earnings.
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Motorola taps Baidu, others for China search

Motorola Inc is letting consumers in China use Baidu Inc or other rivals as default Web search services instead of Google Inc, on phones using Google's Android operating system.
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Wall St drops on Obama bank limits plan

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
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Clinton urges Internet freedom, condemns cyber attacks

U.S. Secretary of State Hillary Clinton on Thursday called for an unfettered worldwide Internet and urged global condemnation of those who conduct cyber attacks, as China sought to contain tension with the United States over the hacking and censorship of Google.
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Market sinks as Obama takes aim at banks

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
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Oil falls over 2 percent

Oil prices fell more than 2 percent to a 2010 low around $76 a barrel on Thursday, after government data showed a sharp drop in U.S. refining activity to nearly its lowest level in 25 years, indicating weak demand for fuels.

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