Bailed-out insurer AIG plans to move ahead with the process of paying back US taxpayer cash.
Archive for September, 2010
HP names Apotheker as new chief
Computer maker Hewlett Packard (HP) names former SAP chief executive Leo Apotheker as its boss.
Bail-out hammers Irish finances
The Irish Republic reveals that it now faces a huge budget deficit – 32% of GDP – after the latest bail-out of its struggling banks.
BP boss expects new year dividend
BP may resume paying a dividend to shareholders in the new year, incoming chief executive Bob Dudley says.
China issues US yuan bill warning
China warns that a US bill aimed at penalising it for currency manipulation could “harm relations” between the two countries.
Lotus unveils five new sportscars
UK-based Lotus unveils five new sportscars at the Paris motor show which it hopes will mark a new beginning for the brand.
US economic growth is revised up
The US economy grew at an annualised rate of 1.7% between April and June, figures show, up from a previous estimate of 1.6%.
Moody’s adds to Spain downgrades
Spain loses its last triple-A credit rating with the major rating agencies, following a downgrade from Moody’s.
Sudan moves to shore up currency
Sudan is to inject foreign currency into the market in a bid to shore up the Sudanese pound – which is wobbling over fears the south will vote to secede in January.
Rolls-Royce’s chief set to retire
Rolls-Royce’s long-standing chief executive Sir John Rose announces he is to retire after 14 years in the top job.