Green tycoon heralds wind of change

Saving the environment wasn't as much on his mind as cutting costs when Indian entrepreneur Tulsi Tanti first turned to wind energy 13 years ago.

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Business Internatioal

Business Internatioal

Bush to put freeze on subprime mortgages

US President George W. Bush is set to announce a freeze on some subprime mortgages in an effort to stop a wave of foreclosures undoing the six-year expansion.

US at 'elevated' risk of recession

The United States is at an "elevated" risk of economic recession because of housing woes, faltering confidence within financial markets and high oil prices, the nonpartisan Congressional Budget Office said.

Fannie Mae may pay out higher dividends

Fannie Mae, the largest US mortgage-finance company, is prepared to pay three-quarters of a percentage point more in annual dividends on $7 billion of new preferred stock than it did just last month on a similar security.

Growth 'losing steam' in developed economies

Economic growth is losing steam in the industrialized world after a strong run and the US economy is slowing hard but not sliding into recession, the Organization for Economic Cooperation and Development said yesterday.

Biz People

Moores to fund huge telescope

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Special Supplement

Fair tunes up opportunities

Over 12,000 visitors from 97 countries and regions visited the second Automechanika Shanghai, which took place at the Shanghai New International Expo Center late last year.