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"The enlarged group will have a winning formula to exploit the growing online gaming market," PartyGaming's CEO said (© AFP/File - Karen Bleier)

Online betting firm bwin plans Partygaming merger

VIENNA (AFP) - Austrian online betting company bwin announced Thursday it had signed a merger agreement with British rival PartyGaming.

Published 2 days, 5 hours, 24 minutes ago

The IMF report said the Chinese yuan was "substantially" undervalued (© AFP/File - Frederic J. Brown)

China allows release of critical IMF report

WASHINGTON (AFP) - China allowed an annual IMF staff report that is critical of its currency policy to be released Thursday for the first time in four years, a senior fund official said.

Published 2 days, 5 hours, 37 minutes ago

BASF posted better-than-expected results with net profit leaping to 1.18 billion euros (© AFP/DDP/File - Michael Urban)

Global demand drives German chemical groups earnings

FRANKFURT (AFP) - German chemical groups posted solid results Thursday on sustained demand worldwide and a weaker euro, giving confidence a boost after last year's difficult times.

Published 2 days, 7 hours ago

Exxon's figures smashed analysts' estimates of 1.46 cents a share, versus the 1.60 cents posted (© ExxonMobile)

Exxon profits soar in second quarter

NEW YORK (AFP) - Profits at energy titan ExxonMobil nearly doubled in the second quarter of the year, the company said Thursday, as production from fields in Qatar and Kazakhstan rose.

Published 2 days, 7 hours, 31 minutes ago

New York's main contract, crude for delivery in September, climbed 29 cents Thursday to 77.28 dollars a barrel (© AFP/File - Mark Ralston)

Oil prices climb higher

LONDON (AFP) - World oil prices were higher on Thursday, winning support from firmer equities and the weaker dollar after recent falls that were sparked by downbeat news in key consumer the United States.

Published 2 days, 7 hours, 35 minutes ago

The binding agreement cements a memorandum of understanding signed between Rio Tinto and Chinalco in March (© AFP/File - Philippe Lopez)

Rio Tinto, China's Chalco seal deal for Guinea mine

BEIJING (AFP) - Mining giant Rio Tinto and China's Chalco on Thursday signed a binding agreement to jointly develop a huge African iron ore field, with the Chinese company to invest 1.35 billion dollars in the project.

Published 2 days, 7 hours, 44 minutes ago

Unemployed Americans attend a National Career Fair at the Airport Radisson Hotel in Los Angeles (© AFP/File - Mark Ralston)

US jobless claims fall unexpectedly

WASHINGTON (AFP) - New claims for US unemployment benefits fell unexpectedly last week to 457,000, down 2.4 percent from the previous week, the Labor Department said.

Published 2 days, 7 hours, 53 minutes ago

Unemployed Americans attend a National Career Fair at the Airport Radisson Hotel in Los Angeles (© AFP/File - Mark Ralston)

US jobless claims fall unexpectedly

WASHINGTON (AFP) - New claims for US unemployment benefits fell unexpectedly last week to 457,000, down 2.4 percent from the previous week, the Labor Department said.

Published 2 days, 7 hours, 53 minutes ago

Sponsored by the government of Prime Minister Silvio Berlusconi, the law passed by 321 to 270 votes (© AFP - Tiziana Fabi)

Italian MPs give approval for austerity package

ROME (AFP) - Italy's lower house of parliament on Thursday approved in a final vote a 25-billion-euro (32 billion dollar) austerity package to bring the public deficit under control and reassure markets.

Published 2 days, 9 hours, 11 minutes ago

Economic sentiment has improved across the 27-nation European Union, rising by 1.9 points to 102.2 points (© AFP/File - Mychele Daniau)

Europe's economic confidence soars

BRUSSELS (AFP) - A surge in confidence in Europe's economy fuelled hope Thursday that the region is finally overcoming its financial troubles just days after European banks largely survived a crash test.

Published 2 days, 9 hours, 17 minutes ago

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