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  • UBS says IRS has 20 Swiss banks in its sights (AP) March 12, 2010
    AP – Embattled UBS AG has warned that Switzerland’s financial industry is at risk unless lawmakers approve a tax treaty with the United States, and that other Swiss banks may be next to face pressure …
  • Global oil demand seen higher in 2010 (AP) March 12, 2010
    AP – World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts.
  • Greece wallowed in recession before austerity cuts (AP) March 12, 2010
    AP – Greece’s economy was still shrinking and unemployment remained above 10 percent at the end of 2009, just before the government announced harsh spending cuts that are expected to drive the country …
  • BA cabin crew to strike for 7 days this month (AP) March 12, 2010
    AP – British Airways PLC cabin crew plan to strike for a total of seven days this month, potentially disrupting thousands of travellers ahead of Easter holidays, after talks with management over chang …
  • AP Source: Obama wants Yellen as Fed vice chair (AP) March 12, 2010
    AP – President Barack Obama intends to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, a person familiar with t …
  • Oil above $82 after IEA raises demand forecasts (AP) March 12, 2010
    AP – Oil prices moved above $82 a barrel Friday after the International Energy Agency brightened its outlook for world demand, predicting a surge in Asian economic activity will make up for a fall in …
  • German minister: EMF aid would come at heavy price (AP) March 12, 2010
    AP – Emergency aid from a proposed European Monetary Fund should come with strict conditions and a “prohibitive” price tag to boost market confidence, Germany’s finance minister wrote in an article pu …
  • European markets lifted by industrial output data (AP) March 12, 2010
    AP – LONDON AP) — European stock markets rose Friday after a strong set of industrial production figures for January stoked hopes that the recovery from recession in the 16 countries that use the euro …
  • Ahead of the Bell: Retail Sales (AP) March 12, 2010
    AP – Retail sales probably slipped slightly in February reflecting weakness in demand for autos and the severe winter storms that hit much of the country.
  • Eurozone industrial productions soars in January (AP) March 12, 2010
    AP – Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery f …

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