More From IBT Staff Reporter
Video reveals shocking elephant abuse (VIDEO)
Britain's circus elephant is brutally beaten in shocking video footage. The 57 years old elphant named Anne, who was captured in her native Sri Lanka as a baby, was repeatedly hit and abused by her groom.
Mar 27, 2011
Jobs, the lagging indicator once more?
The U.S. labor market is finally improving, just when many of the other economic indicators are wavering.
Mar 27, 2011
Libya: From Protests to an International Conflict [25 Photos]
Protests in Libya which began on February 15 in Libya have escalated into an international conflict as Libyan leader Muammar Gaddafi's efforts to stay in power have triggered efforts by NATO, Arab nations, and other partners to protect civilians.
Mar 27, 2011
Japan quake seen costing AXA over 100 mln euro: CEO
The Japanese earthquake is seen costing AXA , Europe's second-biggest insurer, at least 100 million euros ($140.8 million) before tax, Chief Executive Henri de Castries told French television on Sunday.
Mar 27, 2011
Brazil sees capital flows as threat to stability
Brazil's central bank defended efforts to erect barriers to foreign money, arguing a deluge of capital was pressuring inflation and threatening the stability of financial markets.
Mar 27, 2011
The New Galaxy Tabs: Specs you need to know
The Korean electronic company's most recently announced tablet, the Galaxy Tab 10.1 will be launched on June 08, 2011 while 8.9 Tab will be released early this summer.
Mar 27, 2011
Galaxy Tab 10.1 beats iPad 2 in slimness
Samsung's most recent tablet device is the thinnest tablet in the market. It is 8.6mm (10.9mm previous model) thin which is thinner than its main competitor, the iPad 2 (8.8mm).
Mar 27, 2011
Megamillions Gets One Winning Ticket; Powerball Grand Prize Will Grow
There was one winning ticket for the grand prize in thethe Megamillions lottery on Friday, while Saturday's Powerball grand prize wont' be awarded, since there wasn't a winning ticket.
Mar 27, 2011
On financial regulation, it's Warren vs. Dimon
Elizabeth Warren, the Obama administration's defender of financial consumers, will venture into the corporate lion's den this week, along with Jamie Dimon, CEO of banking giant JPMorgan Chase & Co.
Mar 27, 2011
Ireland wants bank bondholders to share the pain
Ireland's government wants to impose losses on some senior bondholders in Irish lenders to reduce the burden on taxpayers from a prolonged banking crisis, a senior minister said on Sunday.
Mar 27, 2011
Hot sectors, jobs on investors' radar
U.S. stock investors could scramble to pick up some of the market's recent best performers this week as the quarter comes to an end, putting the spotlight on energy and industrial companies.
Mar 27, 2011
Libyan Rebels Seize Back Key Oil Cities
Libyan moved west on Sunday, seizing back a pair of eastern coastal cities which include much of the nation's oil refining and exporting facilities on Sunday.
Mar 27, 2011
Would make sense for Portugal to seek aid: Nowotny
It would make sense for Portugal to seek aid from the European Union bailout fund, although such a decision will be caught up in domestic politics, European Central Bank Governing Board member Ewald Nowotny said.
Mar 27, 2011
Private funds still scarce in Brazil infrastructure
Construction projects related to Brazil's World Cup, already well behind schedule, have run into another unexpected problem -- financing.
Mar 27, 2011
Special Report: Brazil's Olympic push isn't winning any medals
It's 8 p.m. at Sao Paulo's sublimely overcrowded international airport and Marvin Curie, seeing all the chairs around him taken, decides to join dozens of other business travelers and sit on the floor.
Mar 27, 2011
Nintendo 3DS Available In US Stores
Nintendo's 3D gaming console is now available in stores in the US.
Mar 27, 2011
ECB to move towards normalization: Nowotny
The European Central Bank is watching energy prices carefully and still wants to move toward a more normal monetary policy despite recent events in Japan, ECB Governing Board member Ewald Nowotny said on Sunday.
Mar 27, 2011
Irish bank tests to show 20 billion euros hole: report
Stress tests on Ireland's four main lenders will reveal a capital hole of around 20 billion euros ($28.2 billion), The Sunday Business Post reported, without citing any sources.
Mar 27, 2011
Barcelona will not increase bid for Arsenal skipper Fabregas
Barcelona president Sandro Rosell has confirmed that the club would not go higher that their summer bid of €40 million in their long-standing pursuit of Arsenal skipper Cesc Fabregas.
Mar 27, 2011
Japan corporate funding demand soars after disaster
Japanese companies' demand for funding has soared since the March 11 earthquake and tsunami, with the country's top three banks seeing a surge in new loan requests, lenders said on Sunday.
Mar 27, 2011
HK banks agree on resolution for Lehman minibonds
Sixteen Hong Kong banks have agreed on a deal to enable investors in structured products of the now bankrupt Lehman Brothers recover a majority of their investments.
Mar 27, 2011
Five Reasons why you should buy iPad 2 over its rival's tablets
Apple's iPad 2 is selling like a hot-cakes in the United States as well as around the world. In United States, it was selling so fast that the company couldn't keep up with the orders.
Mar 26, 2011
Latin America pressed on rising inflation
The International Monetary Fund warned Latin America on Saturday that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation.
Mar 26, 2011
Commodity boom weighs on policy in Americas
Canada says the current commodities boom could last decades and warned developing countries against being too timid with interest rate hikes, while the International Monetary Fund said that much of the Latin American economy is overheating.
Mar 26, 2011
Ford to idle Belgian plant to conserve parts
Ford Motor Co will idle its auto plant in Genk, Belgium, for five days starting April 4, to conserve parts following the earthquake and nuclear crisis in Japan that has disrupted supplies for numerous automakers.
Mar 26, 2011
IMF warns of Latin American overheating and credit bubble risks
The head of the International Monetary Fund warned on Saturday that many Latin American economies showed signs of overheating and that the region was at risk of credit bubbles.
Mar 26, 2011
ECB close to liquidity deal for troubled banks: source
The European Central Bank is putting the finishing touches on a new facility that will give troubled euro zone banks liquidity over a longer time frame, throwing a lifeline to Ireland's ailing banks.
Mar 26, 2011
RIM acquires mobile app tool developer tinyHippos
BlackBerry maker Research In Motion says it has bought Ontario-based startup tinyHippos Inc, creator of Ripple, a cross-platform mobile application development and testing tool.
Mar 26, 2011
Google forays into online magazine; names it 'Think Quarterly'
Technology giant Google ahs launched its own full-length online magazine, named 'Think Quarterly'. The magazine is being published once in every quarter.
Mar 26, 2011
Brief live update on State of Fukushima nuclear power plant
Japanese authorities today confirmed a number of developments at the nuclear reactors at Fukushima Daiichi.
Mar 26, 2011
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