Business and Finance news

Belgian Prime Minister Elio Di Rupo reiterated a pledge to make extra budget cuts amid slower economic growth while calling on the European Union to step up efforts to bolster the region

Provides fast cash advance payday loans nationwide with no credit checks required.

U.K. Chancellor of the Exchequer George Osborne said he sees some reason for optimism in Europe, while acknowledging that 2012 is set to be a challenging year.

Home sales and construction will improve this year, contributing

South Korea and Indonesia will probably keep interest rates unchanged this week as a drop in their currencies risks heightening inflationary pressures even as the faltering global economy undermines growth prospects.
All 14 economists surveyed by Bloomberg News expect the Bank of Korea to keep the benchmark seven-day repurchase rate unchanged at 3.25 percent on […]

The U.K. is home to this year

Sears Holdings says its hasn’t yet determined which 100 to 120 Kmart and Sears stores it will close after a disappointing holiday sales season.
The company, which has 4,000 stores in the U.S. and Canada, announced today that it would close this number of stores after same-store sales have dropped 5.2 percent so far this quarter.
For […]

The world’s bond buyers have turned on Europe’s deeply indebted governments and fled to another deeply indebted government across the Atlantic — the U.S. As a result, U.S borrowing costs have plunged to historic lows while rising rates in Europe have many worried about a catastrophic financial crisis.
The European debt crisis has made the U.S. […]

Nigeria’s government has fined air carriers British Airways $135 million and Virgin Atlantic Airways $100 million over what it describes as unfair trade practices that hiked up airfare prices in the oil-rich nation, an official told The Associated Press on Thursday.
The official said the fines came after a six-month investigation into fuel charges added to […]

A spokesman says business is back to normal at the Warsaw’s Frederic Chopin airport, which shut down for some 30 hours after a plane was forced to land on its belly because its landing gear failed.
Przemyslaw Przybylski said Thursday that both runways were in use and that there was no damage to the runway used […]

While Research In Motion Ltd. struggles to contain a service outage that’s affecting tens of million of BlackBerry users around the world, its co-chief executives are most conspicuous by their absence.
Neither Jim Balsillie, who was in Dubai Monday at an industry conference when the outage began, nor Mike Lazaridis, the dual CEOs and co-chairmen who […]