Global growth to remain strong: WB
2011-06-08 11:22:58
Global growth is projected to remain strong from 2011 through 2013, though the overall growth rate is expected to slow down slightly due to various challenges and uncertainty, according to a report released by the World Bank on Tuesday.
Hackers claim to have hit Sony, AGAIN
2011-06-07 11:34:08
Hackers calling themselves Lulz Security said on Monday that they had broken into Sony Corp computer systems again.
Nintendo lifts lid on Wii U, seeks hardcore gamers
2011-06-08 09:03:32
While the first new gaming console in five years fell short of being the game-changer the original was -- luring millions of new casual users with its simplicity and motion-control -- industry executives and analysts gave the Wii U's touchscreen controller the thumbs-up.
Ford eyes India, China to hit 50% growth
2011-06-08 06:26:55
Ford is aiming to expand its presence in India and China with an eye toward increasing the number of vehicles it sells per year by 50 percent.
Singapore to take No 2 gambling spot from Vegas
2011-06-07 17:22:18
Gambling industry executives say Singapore is set to overtake Las Vegas to become the world's second-biggest casino market as early as this year
IMF urges EU faces 'tough decisions' on Greece
2011-06-07 16:32:14
An envoy from the International Monetary Fund says European countries must decide how to plug potential funding gaps for Greece next year before the IMF can release the next batch of loans.
Greece sees austerity vote by end-June
2011-06-07 15:31:26
The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout.
Bernanke to take spotlight and assess economy
2011-06-07 14:32:37
It's Ben Bernanke's turn to assess how much the economy has weakened. Investors have pushed stock prices lower for four straight days in response to data showing weaker hiring in May, falling home prices and a drop in manufacturing. On Tuesday, the Federal Reserve chairman will offer his outlook.
Sony unveils next-gen portable device 'Vita'
2011-06-07 11:18:55
Sony Corp. on Monday took the wraps off its next generation portable gaming machine, PlayStation Vita, a touch-interface and motion-sensitive handheld that outdoes its workhorse PlayStation Portable and will go on sale before the winter holidays. Company executives have called the device Sony's biggest product launch since the PlayStation 3 five years ago.
IMF, World Bank to hold 2012 annual meetings in Japan
2011-06-07 11:17:34
The International Monetary Fund (IMF) and the World Bank Group will hold their 2012 Annual Meetings in Tokyo, Japan, in October 2012, announced the IMF on Monday.
Apple's Jobs takes stage to talk iCloud
2011-06-07 06:42:37
Apple Inc took a big step toward getting people to store and access their data on the Internet as CEO Steve Jobs emerged from medical leave to present the iCloud music-streaming service.
OPEC may increase oil supplies this week
2011-06-07 08:26:38
Gulf Arab OPEC members, led by Saudi Arabia, will push for an increase in supplies at a meeting of the oil cartel this week.