Business

By MWC News

Kim Dotcom, the founder of file-sharing website Megaupload.com wanted in the US on copyright piracy charges, has been granted bail and released by a New Zealand court, but will remain under effective house arrest and banned from using internet.

Read more: Megaupload founder released on bail

By Agencies

Eurozone finance ministers have approved a 130bn euro ($170bn) second bailout package for Greece to resolve the debt-ridden nation's immediate repayment needs.

Read more: Eurozone approves second Greek bailout

By Agencies

Eurozone finance ministers are expected to approve a $170bn second bailout package for Greece in order to prevent the beleaguered country from defaulting on its debt.

Read more: Eurozone set to decide on Greek rescue

By Agencies

Japan has posted a record trade deficit in January, as fuel imports rose sharply following last year's Fukushima nuclear disaster and exports were hit by a stronger yen and a slump in demand in Europe.

Read more: Japan registers record deficit in January

By Agencies

Three former senior executives of Japan’s Olympus Corp, including its former president, have been arrested in connection with one of the biggest accounting frauds in decades.

Read more: Ex-Olympus executives held in fraud probe

By Agencies

Europe's sovereign debt crisis seems to have affected the economic growth of a number of countries, with Italy and the Netherlands pushed into recession, according to latest data.

Read more: Eurozone output falls on debt crisis worries

By Agencies

Greece's coalition leaders sent written reform guarantees to European officials, a condition demanded for the release of new bankruptcy-saving loans, their respective parties said.

Read more: Fresh doubts over Greek bailout plan

By Agencies

Credit ratings agency Moody's has downgraded the debt ratings of six European countries including Italy, Portugal and Spain, and revised outlooks on the triple-A ratings of France, the United Kingdom and Austria to negative over eurozone debt fears.

Read more: Moody's sees bleak prospects for Europe

By Agencies

Japan's central bank is to pump an additional 10 trillion yen ($130bn) into the economy through a new asset purchase programme, in an effort to boost the economy and tackle deflation.

Read more: Japan to pump $130bn into economy

By Agencies

Google's $12.5bn acquisition of cellphone maker Motorola Mobility has gained approvals from US and European antitrust regulators, moving Google a major step closer to completing the biggest deal in its 13-year history.

Read more: Google close to completing Motorola deal