Wednesday, January 12, 2011

Business

Lisbon rail workers protested the government's layoff plans and austerity measures Wednesday.
Rafael Marchante/Reuters

Lisbon rail workers protested the government's layoff plans and austerity measures Wednesday.

Bond Sale a Success in Portugal

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.

Germany’s Economy Grew 3.6% Last Year

The growth in consumer spending in Germany was modest, however, and analysts hoped for a more balanced recovery to take hold this year.

South Korea Raises Interest Rates to Fight Inflation

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.

A Warning as Markets Cool in Asia

MUMBAI, India — Inflation and corruption remain problems in India and some other Asian countries where stock markets have attracted Western investors.

EADS Chief Skeptical About ‘Golden Shares’ for Paris and Berlin

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.

DealBook

A.I.G. to Sell Taiwan Unit for $2.16 Billion

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.

Auto Rebound Pays Dividend to Work Force

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.

Geithner Urges New Start for U.S.-China Relations

WASHINGTON — As the United States prepares for a visit from China’s president, the Treasury secretary suggested a fresh start in relations.

As the Web Turns

After learning that men often turned to women’s Web sites for advice on recipes and relationships, P.& G. started the Web site ManoftheHouse.com.

Today's Columnist
State of the Art

Tech Show Surprises, And the Stale

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.

Mutual Funds Report
Fourth Quarter

How foreign stocks lost their edge last year, the line between growth and value shrinks, and more.

I.H.T. Business Navigator

A series, based on iPhone applications from the International Herald Tribune, on the culture and etiquette in major business centers around the world.

Multimedia
The Austerity Zone: Life in the New Europe

Europe’s debt crisis and an unresponsive economy have changed future prospects for people across Europe.

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