World business news - CNNMoney.com

Kraft goes for the chocolate

Mon, 09 Nov 2009 13:32:51 EST

Kraft Foods launched a $16.3 billion hostile takeover bid Monday for British candy company Cadbury after the deadline for the initial bid passed without a deal.

Dollar weakens broadly

Mon, 09 Nov 2009 08:37:06 EST

The dollar fell broadly Monday, with the euro climbing above $1.50, after a report from the International Monetary Fund suggested the U.S. currency could fall further.

Gold continues record run above $1,100

Mon, 09 Nov 2009 15:16:50 EST

Gold rallied to a record high Monday as the dollar weakened against rival currencies.

Coke's Berlin Wall blitz: Lessons in leadership

Mon, 09 Nov 2009 14:43:55 EST

Oil jumps nearly 3% on storm and weak dollar

Mon, 09 Nov 2009 15:11:08 EST

Oil prices rallied Monday amid bets the dollar will continue to depreciate and lingering concerns that Tropical Storm Ida could disrupt production in the Gulf of Mexico.

Art auction lifts hope for industry rebound

Fri, 06 Nov 2009 18:52:09 EST

A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.

French banks: 'Adieu' to guaranteed bonuses

Thu, 05 Nov 2009 14:32:43 EST

Banks in France, including non-French ones, will no longer be allowed to offer guaranteed bonuses to traders and other staff under new rules announced Nov. 5. The only exception is for signing bonuses for new employees, and they are limited to a maximum of one year.

Could Citi lose its Mexican bank?

Thu, 05 Nov 2009 12:02:37 EST

Citigroup could face losing its Mexican subsidiary Banamex, after Mexican senators asked the Supreme Court, on Wednesday, to rule whether or not the local bank would be breaking the law by being partly owned by the United States government.

Oil sinks nearly 3% after jobs report

Fri, 06 Nov 2009 15:03:21 EST

Read full story for latest details.

Dollar climbs after weak jobs report

Fri, 06 Nov 2009 17:15:32 EST

Read full story for latest details.

Bank of England expands asset purchases

Thu, 05 Nov 2009 07:50:23 EST

Read full story for latest details.

Toyota reports surprise profit

Thu, 05 Nov 2009 04:10:13 EST

Read full story for latest details.

Check International ETFs here

Fri, 30 Mar 2007 03:46:25 EDT

Check International ETFs here

Chrysler broke even in September

Wed, 04 Nov 2009 17:57:34 EST

Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday.

U.S. dumps China for Mexico

Tue, 03 Nov 2009 11:19:40 EST

Mexico did not have an extreme economic makeover, but the global recession was enough to defeat China as the number one place for American assembly-for-export factories, or maquiladoras.

Disney comes to China

Wed, 04 Nov 2009 12:14:55 EST

China's announcement on Wednesday that Walt Disney could go ahead with its long-planned theme park in Shanghai raised a few eyebrows in Hong Kong. That's because Disney's first foray into the China market, via Hong Kong in 2005, has been tepid at best -- and embarrassing at worst.

Gold hits a record near $1,100

Wed, 04 Nov 2009 15:09:47 EST

Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.

GM scraps sale of European arm

Wed, 04 Nov 2009 07:12:12 EST

General Motors has decided to keep its European Opel unit, canceling the planned sale to Canadian firm Magna, the company said.

2 British banks in major shake-up

Tue, 03 Nov 2009 06:26:50 EST

Read full story for latest details.

Chinese queue up for iPhone

Fri, 30 Oct 2009 06:13:07 EDT

Despite high prices and lack of Wi-Fi, hundreds line up in Beijing to buy Apple's smartphone