IBT Staff Reporter

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Exclusive: China to create $300 billion FX investment vehicle

China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.
Dec 09, 2011

UK isolated as Europe moves ahead on fiscal union

Europe divided on Friday in a historic rift over building a closer fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving Britain isolated.
Dec 09, 2011

Panasonic eyes fresh tilt at global phone market

Panasonic Corp, which has warned it will post a $5.5 billion annual loss, will launch a smartphone in Europe next year, the latest Japanese maker to tiptoe late into a fiercely competitive market dominated by Samsung and Apple.
Dec 09, 2011

China data signals pro-growth policy shift

China's industrial output growth dropped in November to its slowest pace in more than two years and inflation tumbled as economic conditions deteriorated, raising expectations that Beijing will pursue a more pro-growth policy to support jobs.
Dec 09, 2011

Toyota halves profit view

Toyota, set to lose its crown as the world's top-selling automaker this year, more than halved its annual profit forecast to $2.6 billion, reeling from a strong yen and Thai floods that severed its supply lines.
Dec 09, 2011

U.S. Futures Signal Gains for Equities

Stock index futures pointed to a slightly higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.4 percent.
Dec 09, 2011

Nuance, not initiative, likely in China 2012 economic plan

Top Chinese leaders will likely resist pressure to declare an outright easing in monetary policy when they meet next week to decide economic priorities for 2012, the last full year of President Hu Jintao's tenure ahead of a critical leadership succession.
Dec 09, 2011

Futures signal gains for equities

Stock index futures pointed to a slightly higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.4 percent.
Dec 09, 2011

UK Isolated as Europe Moves Toward Fiscal Union

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated.
Dec 09, 2011

Toyota sees lower profits, hit by yen, Thai floods

Toyota Motor Corp <7203.T> cut its profit forecast for this business year by more than half on Friday as it continues to suffer from a stronger yen and widespread output disruptions due to Thailand's floods.
Dec 09, 2011

Britain isolated as Europe splits on fiscal union

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated.
Dec 09, 2011

Europe splits over fiscal union

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated.
Dec 09, 2011

Fears over EU deal hit stocks, euro

European stock markets and the euro fell on Friday on fears that EU leaders were struggling to come to terms on immediate measures to halt the slide of euro zone government bond markets after two years of deepening crisis.
Dec 09, 2011

Panasonic to launch smartphones in Europe in March

Panasonic Corp said on Friday it would launch a smartphone in Europe in March, the first step of a global rollout targeting 15 million unit sales worldwide in the year to March 2016, nine million of them overseas.
Dec 09, 2011

China industry output growth slowest in two years

China's industrial output growth hit its slowest pace in more than two years in November and inflation tumbled as economic conditions deteriorated, raising expectations Beijing will ease monetary policy again.
Dec 09, 2011

EU leaders falter on treaty change

EU leaders agreed stricter budget rules for the euro zone on Friday, but failed to secure changes to the EU treaty among all 27 member states, meaning a deal will instead have to involve just euro zone states and any others that want to join.
Dec 09, 2011

EU Leaders Reach Fiscal Pact but Give up on Treaty Change

European leaders agreed on stricter budget rules for the euro zone Friday, but failed to secure changes to the EU treaty among all 27 member states, meaning a deal will instead have to involve just euro zone states and any others that want to join.
Dec 09, 2011

EU leaders agree fiscal pact, falter on treaty change

EU leaders agreed stricter budget rules for the euro zone on Friday, but failed to secure changes to the EU treaty among all 27 member states, meaning a deal will instead have to involve just euro zone states and any others that want to join.
Dec 09, 2011

Samsung wins round in long legal fight with Apple

Samsung Electronics Co won a round of its bruising global patent fight with Apple Inc on Friday when an Australian court lifted a ban on the sale of its Galaxy tablet computer in time for the busy Christmas shopping season.
Dec 09, 2011

EU fails to agree on treaty change among 27 states: diplomats

The European Union failed to secure backing from all 27 countries to change the EU treaty at a summit on Friday, meaning any deal will now likely involve the 17 euro zone countries plus any others that want to join, three EU diplomats said.
Dec 09, 2011

Vitamin D doesn't prevent heart attack or cancer

Among seniors with a high risk of bone fractures, taking vitamin D or calcium pills has no impact on their chances of dying from cancer or vascular disease, researchers say in a new study.
Dec 09, 2011

FDA advisers revise popular birth control labels

U.S. health advisers recommended a revision of labels for the widely used new generation of birth control pills, based on data showing they may put women at a higher risk of dangerous blood clots.
Dec 08, 2011

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