IBT Staff Reporter

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StanChart profit hits record as Asia booms

Profit at Standard Chartered <2888.HK> jumped 19 percent in 2010 and the Asia-focused bank said it was off to a record start this year as China, India and other Asian markets boomed.

Berlin says EU finances draft good basis for talks

German Chancellor Angela Merkel said on Wednesday a European Union document laying out options for a deal on safeguarding euro zone states' public finances was a good basis for discussions at a March 11 summit in Brussels.

Private sector adds jobs in February

Private sector employers added more jobs than expected last month in a sign of steady improvement in the labor market, ahead of the closely watched non-farm payrolls report from the Labor Department on Friday.

Buffett sees uneven recovery, craves big deals

Billionaire Warren Buffett said the U.S. economy is coming back and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.

Apple gets set to unveil new iPad

More than a year after igniting the tablet computing craze, Apple Inc was preparing to unveil the second version of its blockbuster iPad on Wednesday -- possibly minus lead showman Steve Jobs.

Gold holds at record high as Mideast simmers

Gold prices held just below the previous session's record high in Europe on Wednesday, as the acceleration of global inflation and the threat that violence in the Middle East and North Africa will spread supported interest in the metal as a haven from risk.

IEA economist says expensive oil here to stay

High oil prices are a threat to the global economic recovery and present a challenge the world will have to face over the long term, the International Energy Agency's chief economist said on Wednesday.

StanChart profit jumps as Asia booms

Asia-focused bank Standard Chartered <2888.HK> met expectations with a 19 percent rise in profits and said it was off to a record start this year as China, India and other Asian markets boomed.

Bankers bonuses down, but Europe still crying

The rancor over bank bonuses means investment bankers across the globe are now getting a higher level of fixed pay but industry groups in Europe still feel their financial sector is facing much tougher rules than the rest of the world.

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