Angry developing nations lash the rich at WTO talks
Geneva: Developing countries angrily accused rich states on Wednesday of reneging on commitments on textile exports, warning them that they risked damaging crucial negotiations to free up world trade.
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US economy loses steam in second quarter
New York: US economic growth faltered sharply during the second quarter and began the year at a slower pace than previously thought, the government said on Wednesday in a report that also confirmed a prolonged economic downturn last year.
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Taiwan allows direct China investment from August 2
Taipei: Taiwan said on Wednesday new rules to allow local enterprises to directly invest in mainland China would become effective from Friday, officially ending a half-century ban.
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Mona Lisa' of coins fetches $7.6 mn at auction
London: The price of gold just went up. The so-called Mona Lisa of gold coins, a $20 piece which weighs .96 troy ounces, on Tuesday went to an anonymous buyer, who bid $6.6 million for the coin, and paid a 15 percent premium and $20 face value for a total of $7.59 million.
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IBM buys PricewaterhouseCoopers consultancy
Armonk: Computing giant IBM announced that it was buying the PricewaterhouseCoopers Consulting for $3.5-billion in stock and cash.
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