Business and Finance news

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. […]

South Korea’s ruling party forced a long-stalled free trade deal with the United States through parliament Tuesday, enraging opposition lawmakers who blasted their political rivals with tear gas.
South Korean lawmakers voted 151 to 7 in favor of ratifying the landmark trade agreement in a surprise legislative session called by the ruling Grand National Party, parliamentary […]

Until this past summer, I used to love shopping at outlet malls. A few times a year, my friends and I would head across the border from Vancouver into Washington state to go shopping at the Tulalip Premium Outlet shopping centre. And whenever we were on vacation, one of the first things we looked up […]

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 […]

Contradicted by key former executives and challenged by his company’s ex-lawyers, James Murdoch is expected back for a second grilling in Britain’s Parliament Thursday over the phone hacking scandal that has shaken his father’s media empire.
Although the senior News Corp. executive has long insisted he knew nothing of the culture of criminality whose exposure has […]

Thailand’s energy minister said the flood crisis in Bangkok is likely to drag on for another month, as authorities issued another evacuation advisory in a northern neighborhood and floodwaters inched further into the city’s heart.
Energy Minister Pichai Naripthaphan said, however, that floods may finally begin to subside in the capital by mid-November, according to a […]

Some of the latest developments in the Occupy protests:
GEORGIA
Police arrested 20 people after an Occupy Atlanta protest rally in a city park spilled onto the streets and officers converged on them on motorcycles, riding horseback and in riot gear.
A crowd of several hundred protesters had gathered at Woodruff Park, the scene of about 50 arrests […]

ST. LOUIS

German Chancellor Angela Merkel hinted that the second Greek bailout package might have to be renegotiated amid increasing market speculation Wednesday that European leaders want to force private holders of Greek bonds to take bigger losses.
Merkel didn’t rule out altering the terms to the euro109 billion ($148 billion) package, saying the decision must be based […]

It’s been a day of missed, dropped and failed calls for AT&T wireless customers in Southern California, and the night is sounding very similar.
AT&T spokeswoman Meredith Red said late Saturday that a hardware equipment issue was disrupting service for wireless subscribers in the Los Angeles area, and technicians were working on the problem.
The service glitches […]