IBT Staff Reporter

101941-101970 (out of 154954)

Bernanke to outline exit path to skeptical Congress

Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.

U.N. narcotics board warns of prescription drug abuse

The International Narcotics Control Board (INCB) also pointed to a rise in the use of so-called date rape drugs, as sexual abusers try to get around more rigorous controls with substances not banned by international drugs laws.

Woman has 2 babies in first for ovarian transplant

Claus Yding Andersen, the Danish doctor who treated the woman, said the case showed how this method of storing ovarian tissue was a valid method of fertility preservation and should encourage the technique to be used more in girls and young women facing treatment that may damage their ovaries.

Pakistan receives $349.3 million from U.S.

Pakistan received on Wednesday $349.3 million from the United States as part of a fund to help the U.S. ally sustain efforts to fight Islamist militancy, a central bank official said on Wednesday.

BOJ Yamaguchi says ready to act as deflation weighs

Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank was ready to act to beat deflation, leaving room for more monetary easing amid a steady drumbeat of government pressure for BOJ steps to support the economy.

Stock futures edge higher as Bernanke awaited

U.S. stock index futures pointed slightly higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.

Thomson Reuters quarterly profit falls

Thomson Reuters Corp reported a lower quarterly profit and said it expects 2010 revenue to be flat or to fall slightly because of the impact of negative net sales last year.

Karzai criticized over Afghan poll watchdog move

Afghanistan's main opposition on Wednesday criticized President Hamid Karzai's removal of foreign observers from a U.N.-backed electoral watchdog as autocratic and urged international pressure to ensure impartial elections.

Futures point higher; focus on Bernanke

U.S. stock index futures pointed higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.

Greek strike grounds flights, shuts ministries

A nationwide strike grounded flights, trains and ferries in Greece on Wednesday as thousands rallied in Athens to protest austerity plans aimed at wrenching Greece out of a debt crisis that has shaken the euro zone.

Democrats: Say Goodbye to Wall Street?

U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.

Google faces EU scrutiny after complaints

European Union antitrust regulators are looking into complaints filed by three online companies against Google that may lead to a formal investigation into the search-engine giant's business practices.

Google scraps China leg of Nexus One event

Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from the country.

Hyundai recalls new Sonata due to lock faults

Hyundai Motor will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival Toyota Motor Corp faces for its handling of a series of safety problems.

Asia shares fall on U.S. jitters, Bernanke eyed

Asia shares fell on Wednesday as surprise declines in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery and boosted the safe-haven yen.

Toyota chief faces grilling by U.S. congress

Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.

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