Portuguese officials said the successful auction vindicated their plan to finance debt through the markets rather than ask for help from Europe’s rescue fund.
HONG KONG — The Bank of Korea's move was followed by a government announcement that it planned to cut tariffs on some foodstuffs and freeze electricity prices in a bid to tamp down inflation.
LES MUREAUX, France — The main shareholders have revived the idea to give France and Germany a veto over strategic decisions, but Louis Gallois said the idea faced an uphill battle with regulators.
American International Group said that it will sell Nan Shan Life to a conglomerate in Taiwan, the latest asset sale by the U.S. group as it seeks to repay bailout funds.
DETROIT — Ford and G.M. are expected to announce profit-sharing checks this month for their hourly workers, a tangible sign of the industry’s comeback.
The Consumer Electronics Show outshone last year’s gloom-and-doom edition by showcasing a few innovative products like the Atrix app phone from Motorola.