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Japan's Mazda Motor Corp said Friday it had narrowed its net loss to 2.1 billion yen (24.29 million US dollar) (© AFP/Getty Images/File - Scott Olson)

Japan's Mazda narrows losses in first quarter: Kyodo

TOKYO (AFP) - Japan's Mazda Motor Corp said Friday it had incurred a 2.1 billion yen (24.29 million US dollar) net loss in the first quarter, down from 21.52 billion yen a year earlier, Kyodo news agency reported.

Published 1 day, 4 hours, 58 minutes ago

Wall Street con man Bernard Madoff (© AFP/Getty Images/File - Mario Tama)

Liquidator targets Madoff relatives for missing millions

NEW YORK (AFP) - The trustee attempting to recover billions of dollars stolen by convicted Wall Street con man Bernard Madoff has targeted family members he says used the ill-gotten gains to fund "lavish lifestyles."

Published 1 day, 5 hours, 56 minutes ago

In 2008, policymakers effectively pegged the yuan at about 6.8 to the dollar to prop up its exporters (© AFP/File)

China says convertible yuan the ultimate goal

BEIJING (AFP) - China wants the yuan to be fully convertible and such currencies are generally free-floating, a top central bank official said Friday, six weeks after Beijing pledged to loosen its grip on the yuan.

Published 1 day, 6 hours, 32 minutes ago

Stackers and reclaimers move iron ore at Rio Tinto's Port Dampier operations in Western Australia's Pilbara region (© AFP/File - Amy Coopes)

Iron ore output drop keeps markets tight: UN body

GENEVA (AFP) - Iron ore output fell in 2009 for the first time in seven years despite continued growth in trade to record levels, keeping market conditions tight and prices high until 2012, a UN thinktank said Friday.

Published 1 day, 7 hours, 52 minutes ago

Zapatero said Spain's 20 percent unemployment rate revealed in June was "unacceptable" (© AFP/File - Dominique Faget)

Spain faces another austerity budget in 2011: PM

MADRID (AFP) - Spain faces another austerity budget in 2011 as it seeks to reduce its public deficit, Prime Minister Jose Luis Rodriguez Zapatero said on Friday.

Published 1 day, 8 hours, 21 minutes ago

Most analysts had been expecting a growth rate of 2.5 percent (© AFP/Getty Images/File - Chris Hondros)

US growth slows to 2.4%

WASHINGTON (AFP) - US economic growth slowed to 2.4 percent in the second quarter of this year, the Commerce Department said Friday.

Published 1 day, 8 hours, 34 minutes ago

US actress Sharon Stone arrives for a "Cinema Against AIDS" benefit dinner in Cannes in 2004 (© AFP/File - Boris Horvat)

Disney to sell Miramax Films for $660m

NEW YORK (AFP) - Disney is selling Miramax Films for about 660 million dollars to the Filmyard Holdings consortium in a deal that includes rights to dozens of award-winning movie titles.

Published 1 day, 8 hours, 54 minutes ago

New York's main contract, crude for September delivery, weakened 66 cents Friday to 77.70 dollars a barrel (© AFP/File - Mark Ralston)

Oil prices slip before US GDP release

LONDON (AFP) - World oil prices fell Friday as traders awaited news of an expected economic slowdown in top energy consumer the United States.

Published 1 day, 9 hours, 26 minutes ago

The dollar sank to 86.18 yen Friday, its lowest level against theJapanese currency since early December 2009 (© AFP/File - Roslan Rahman)

Dollar plumbs 2010 low against yen

LONDON (AFP) - The dollar sank to a 2010 low against the yen on Friday but firmed against the euro amid concern over the prospects for the world's top economy as investors await key US growth data.

Published 1 day, 10 hours, 10 minutes ago

Honda's quarterly sales rose to 2.36 trillion yen, up 17.9 percent from a year ago (© AFP - Toshifumi Kitamura)

Honda books record $3.15bn quarterly net profit

TOKYO (AFP) - Japan's number two car maker Honda posted a record 3.15 billion dollar quarterly net profit Friday, a strong comeback from a year earlier, and boosted its forecast for the year by a third.

Published 1 day, 10 hours, 25 minutes ago

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