IBT Staff Reporter

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Fed expected to dampen rate rise expectations

Dollar Libor rates were steady on Tuesday as Federal Reserve officials met to assess their controversial bond buying program against a backdrop of fresh tax cuts that could lift U.S. economic growth.

Nissan, Mitsubishi deepen ties; to strengthen mini car business

Nissan Motor Co and Mitsubishi Motors Corporation said on Tuesday that the two companies agreed to expand their current scope of cooperation towards new projects that will further strengthen mutual competitiveness, especially in the Japanese mini car and global commercial vehicle businesses.

Belgium faces threat of S&P downgrade

Standard & Poor's cut its outlook for Belgian debt to negative on Tuesday, flagging a new risk for money markets as investors weighed prospects of higher borrowing costs for one of the euro zone's most indebted states.

Regulators back bank capital standard

Bank holding companies would have to maintain the same capital levels as their federally insured banking units under a proposal issued by U.S. bank regulators on Tuesday.

South California region gets its first Nissan Leaf

After a San Francisco Bay Area resident became the first in the United States to receive the delivery of Nissan Leaf, Nissan Motors on Tuesday carried out its first Leaf delivery in the South Carolina region.

Zac and Vanessa split up

Zac Efron and Vanessa Hudgens, the 'High School Musical' romantic pair, finally call it quits after five years.

U.S. CEOs more optimistic on economy: Roundtable

Chief executive officers of large U.S. companies are much more optimistic about the economy than a few months ago, although their expectations for growth remain modest, according to a quarterly survey by the Business Roundtable.

Germany open to ECB capital rise to fight crisis

European Union paymaster Germany said on Tuesday it was willing to give the European Central Bank more capital if needed to help fight a sovereign debt crisis that continues to shake the euro zone.

Inflation continues to soar in UK

Inflation continued to rise in the U.K. during November, remaining above Bank of England's (BoE) target for the ninth month, spurred by a hike in food and non-alcoholic drink prices, the Office for National Statistics reported on Tuesday.

Nokia delays flagship E7 phone to early 2011

Nokia has delayed the rollout of its next top-of-the-range model to next year, another blow to the cellphone maker's plans to regain ground lost to Apple and Google in the smartphone market.

Imagination Technologies H1 profits double on strong revenue

U.K. chipmaker Imagination Technologies, which licenses and sells its designs to Intel and Apple, said interim pretax profits doubled on strong revenue growth from both licensing and royalties. The volume of partner chips shipping with Imagination’s IP has nearly doubled to 107 million.

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