Afghans fear economic meltdown as NATO exit looms
KABUL – As NATO discusses its exit from Afghanistan at a summit in Chicago, Afghans fear that a meltdown in their corruption-plagued economy could follow the consequent drop in foreign funding.
Cash that is desperately needed in one [...]
Eurozone woes to dominate Franco-German talks
BERLIN- The finance ministers of France and Germany were to hold crisis talks in Berlin Monday, aiming to resolve differences ahead of a key European summit as debt-stricken Greece flirts with a eurozone exit.
Wolfgang Schaeuble hosts Pierre [...]
Yahoo! to sell stake in China’s Alibaba for $7.1 billion
NEW YORK – After more than a year of tedious negotiations, struggling US Internet pioneer Yahoo! has agreed to sell its stake in Alibaba, China’s top e-commerce player, for at least $7.1 billion, the companies announced.
The transaction [...]
Facebook stock limps into Monday
SAN FRANCISCO – Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.
Second-guessing continued [...]
New era beckons for EBRD bank
LONDON – The European Bank for Reconstruction and Development headed into a new era Saturday after electing its first British president and approving investment for “Arab democracies” at its annual meeting.
After years concentrating [...]
Facebook’s Zuckerberg changes status, weds Chan
SAN FRANCISCO – Facebook CEO Mark Zuckerberg capped the week of a lifetime, changing his own status to married after wedding Priscilla Chan just a day after his company went public, he announced.
Zuckerberg posted a wedding picture [...]
After flat debut Facebook awaits market verdict
NEW YORK : Facebook stumbled on its first trading day as shares ended barely above the starting price, raising questions about what will happen to the share price when the Nasdaq reopens on Monday.
The stock, priced at $38 on Thursday in [...]
Facebook falls flat in market debut
NEW YORK – Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype.
The stock, priced at $38 on Thursday [...]
Obama backs Europe growth push
CAMP DAVID, Maryland – President Barack Obama threw his weight behind France’s demand for pro-growth policies in Europe Friday, as world leaders gathered at Camp David for a G8 summit darkened by Greece’s possible eurozone [...]
Eurozone crisis drives stocks lower despite Facebook frenzy
NEW YORK – World stock markets fell again in nervous trade on Friday and the euro hit a new four-month low against the dollar as ratings agencies further downgraded Greek and Spanish banks.
Spooked investors showed little faith that the [...]







