Mervyn King deserves a second term as Bank of England governor because his success at containing inflation outweighs concerns that he contributed to the run on Northern Rock Plc, a survey of economists shows.
BHP Billiton Ltd, under pressure from investors to increase its hostile $128 billion offer for Rio Tinto Group, said rivals could not match the proposal and it wouldn't speculate on making a higher bid.
Spending on luxury goods will double in five years, said Bernard Arnault, chief executive officer of LVMH Moet Hennessy Louis Vuitton SA, the industry's biggest member.
Online shopping reached a record this week as US retailers cut prices as much as 60 percent to lure shoppers returning to work after the Thanksgiving holiday.
Everywhere you turn, recession is staring you in the face.
Indian property magnate Gautam Adani just added $4.4 billion to his personal fortune.
South Korean President Roh Moo-hyun said he will appoint an independent investigator to probe bribery allegations against Samsung Group, escalating a corruption scandal that has engulfed the nation's largest industrial group.
Renault Samsung Motors Co, the South Korean unit of France's Renault SA, will double annual investment over the next three years to raise production and develop new car models.
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Raymond Zhou
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