Emmar
DUBAI (AFP) - Dubai's debt woes spread from the stock market to the corporate sector on Wednesday, with giant property developer Emaar cancelling plans to merge with state-owned Dubai Holding, describing the link-up as unfeasible. Full Story »
AFP
LONDON (AFP) - Britain announced a one-off tax on bankers' bonuses Wednesday, as it admitted facing a sharper recession and higher state borrowing ahead of elections next year that the government is tipped to lose. Full Story »
AFP/File
ATHENS (AFP) - The Greek government warned on Wednesday that the country is imperilled by debt and pledged urgent action to restore confidence under pressure from financial markets and the European Union. Full Story »
AFP/File
WASHINGTON (AFP) - US Treasury Secretary Timothy Geithner on Wednesday extended the authority of a 700-billion-dollar financial bailout to October 2010 even as he noted the program would cost less than expected. Full Story »
AFP/File
THE HAGUE (AFP) - Tax fraudsters have targeted the EU's carbon emissions trading system, pocketing about five billion euros (7.4 billion dollars), the Europol police agency said Wednesday. Full Story »
AFP
FRANKFURT (AFP) - The German car giant Volkswagen will buy nearly 20 percent of Japan's Suzuki for more than 2.5 billion dollars, giving VW a solid footprint in the Indian automarket, the companies said Wednesday. Full Story »
AFP/File
BRUSSELS (AFP) - Europe's competition watchdog on Wednesday extended its probe into Kraft Foods Incorporated's hostile takeover bid for British confectionery group Cadbury after the US giant offered "remedies" to antitrust concerns. Full Story »
AFP/File
DUBLIN (AFP) - Ireland is "turning the corner" after 18 months that almost sank its economy, the country's finance minister said Wednesday as he unveiled a new four-billion-euro (5.9-billion-dollar) austerity budget. Full Story »
AFP/Getty Images/File
WASHINGTON (AFP) - Bank of America said Wednesday it had completed repayment of 45 billion dollars to the US government from a capital injection under a program to stabilize the financial system. Full Story »
AFP/Getty Images/File
WASHINGTON (AFP) - Internet pioneer AOL returns to Wall Street on Thursday after finalizing its divorce from Time Warner and ending one of the most disastrous corporate marriages in history. Full Story »
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