IMF releases aid for Ireland's bailout

The IMF released Ireland's aid fund for its bailout due to 'steadfast' economy. (Photo : REUTERS)The Irish flag flies above the General Post Office on O'Connell Street in Dublin The International Monetary Fund announced its approval of Ireland's bailout program.


Poloz: Bank of Canada in Uncharted Territory

Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.

Bernanke Signals Less Bond Purchase, Bond Prices Sag

The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.

UK Watchdog: Lloyds Must Raise GBP8.6 Billion Capital

Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.


Latest News

Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Stockholders at Trio Merger approved merger with SAExploration during the special meeting held today by the company.
Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.
SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.
Ukrainian company gets a loan to build a wind farm. A unit of DTEK Holdings BV was able to get a Eur 138 million loan from Landesbank Berlin AG for developing a wind farm in the southern part of Ukraine.
Fiat is going to earn more from Chrysler this year. (Photo : Reuters)This is a photo from the Geneva Auto Show for the Chrysler booth. Fiat, the Italian car company is set to earn more from Chrysler this year.
Dish Network is set to redeem $2.6 billion in debt. (Photo : Reuters)The image shows a hanging sign of Dish Network. Dish Network made a bid to acquire Sprint Nextel and issued $2.
Shares of aircraft WiFi provider plummets. (Photo : Reuters)Logo of Gogo Internet. Gogo is a provider of WiFi for on board flights. Its services are available in major airlines like US Airways, Delta and American Airlines.