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Dollar status unlikely to be in G8 communique: G8 source

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.

Recovery frail but stimulus exit must be timely

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Unprecedented attempts to stimulate economic growth may fail to bring a sustained recovery, yet withdrawing them too late could be even more risky, leading central bankers said on Monday.Regional currencies would gain in importance, they also said after two days of talks. But the U.S. dollar still had no serious rival in playing a lead role in foreign reserves and trade settlement, according to th...
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Flu virus costs Delta $250 million in revenue

The H1N1 influenza virus cost Delta Air Lines $250 million in revenue, and the world's largest airline has cut capacity during the second quarter in response to the reduced demand, its chief executive said at the company's annual shareholders meeting on Monday.
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Scientists detect mutated Swine Flu

Scientists in Brazil has identified the first genetic variant of the novel influenza A (H1N1) from a patient who was hospitalized in Sao Paulo in, according to Medical News Today’s report on June 17.
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Nortel selling wireless unit to Nokia Siemens

Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.
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Switzerland strikes tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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Swiss strike tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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Chrysler to resume production at 7 plants

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.
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Mexico's ICA offers up to 150 mln shares

Mexico's top building company ICA said on Monday it could sell up to 150 million shares in Mexico and the United States to finance projects in infrastructure and housing.
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Europe suffers first H1N1 death

Europe recorded its first death from H1N1 flu on Sunday after Scottish health officials said a patient with the disease had died, just days after the World Health Organisation labelled the outbreak a global pandemic.
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Scottish death marks Europe's first H1N1 fatality

Europe recorded its first death from H1N1 flu on Sunday after Scottish health officials said a patient with the disease had died, just days after the World Health Organization labeled the outbreak a global pandemic.
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NRG Energy, eSolar plan solar plant in New Mexico

NRG Energy and eSolar will build a 92-megawatt solar thermal power plant in New Mexico, part of an effort to place 500 MW of solar power in California and the U.S. Southwest, the companies announced on Thursday.

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