IBT Staff Reporter

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Travel Picks: Top five wine hotels

Whether you're an old-world aficionado or new-world evangelist, there's a vineyard hotel out there for you. Boutique hotel website Mr & Mrs Smith (www.mrandmrssmith.com) lists the world's best hotels for wine lovers.

Fit Holidays: Eat, drink and be merry in moderation

Holidays are the times that try the fitness routine. With family feasts, office parties and champagne soirees, the temptation to overindulge is everywhere, just as your yoga studio moves to holiday hours, your gym cancels classes and your personal trainer leaves town.

Chavez threatens to oust Toyota

Venezuela's President Hugo Chavez has threatened to expel Japanese carmaker Toyota unless it produces an all-terrain model of 4x4 vehicles used for public transport in poor and rural areas.

China jails dissident Liu Xiaobo for 11 years

China's most prominent dissident, Liu Xiaobo, was jailed on Friday for 11 years for campaigning for political freedoms, with the stiff sentence on a subversion charge swiftly condemned by rights groups and Washington.

Gas Natural sells Mexico assets worth $1.2 bln

Spain's Gas Natural SDG SA (GAS.MC) sold electricity generation assets in Mexico to Japan's Mitsui & Co Ltd (8031.T) and Tokyo Gas Co Ltd (9531.T) (9531.T) for $1.2 billion, completing an ambitious asset disposal plan to reduce debt.

IPO VIEW-Outlook for healthcare IPOs improving

Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors' risk appetite increases, and new legislation potentially leads to more profit for the sector.

Japan steel output recovery to slow in Jan-Mar

A recovery in Japan's crude steel output will extend into the January-March quarter on brisk exports and demand from manufacturers, but the recovery trend is losing steam amid an uncertain economic outlook, a ministry official said.

Daily Outlook - December 25

Japan approved on Friday a record budget for next year that will inflate the country's already huge debt by $484 billion, as the prime minister vowed to battle on in the face of a growing scandal and sliding poll ratings.

Japan drafts record budget as PM battles scandal

Japan approved on Friday a record budget for next year that will inflate the country's already huge debt by $484 billion, as the prime minister vowed to battle on in the face of a growing scandal and sliding poll ratings.

Asian shares soft in holiday trade, dollar steady

Shares in Tokyo slipped on Friday as investors took profits in trade thinned by the Christmas break in many other markets, while Shanghai fell and the dollar hung near its highs of the month after goods and jobless claims data.

Japan PM under fire over budget scandal

Prime Minister Yukio Hatoyama came under fire over a funding scandal on Christmas Day, with Japanese media speculating that he might have to step down if voters found his explanations unconvincing and his leadership disappointing.

U.N. 2010-2011 budget pushes past $5 billion

The General Assembly approved a two-year U.N. budget on Thursday that pushed past the $5 billion (3 billion pounds) mark, but Western countries said they had won savings on the cost of an organisation some see as profligate.

Russia to work on new nuclear missiles

Russia will work on a new generation of atomic weapons to strengthen its nuclear deterrent, President Dmitry Medvedev said on Thursday, just hours after Moscow test-fired one of its most feared missiles.

Buyout firm CD&R to buy British Car Auctions

Buyout shop Clayton Dubilier & Rice won the race on Thursday to buy Montagu Private Equity's British Car Auctions (BCA), which sells more than 4 billion pounds ($6,36 billion) worth of used vehicles annually.

Bunge doubles Brazil sugar bet with $452 mln deal

U.S. agribusiness giant Bunge Ltd (BG.N) will buy Brazilian sugar and ethanol producer Moema for $452 million, its biggest bet yet on the fast-growing cane and ethanol industry in the world's top exporter.

Daily Wrap Up - Dec 24

The U.S. Senate approved President Barack Obama's landmark healthcare overhaul on Thursday, backing sweeping changes in the medical insurance market and new coverage for tens of millions of uninsured Americans.

Tumors can re-seed themselves, study finds

Tumors can not only spread through the body by sending out tiny cells called seeds, but they can re-seed themselves, researchers said in a report on Thursday that may help explain why tumors grow back even after they are removed.

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