Ireland put a 34 billion euros ($46 billion) price on bailing out stricken Anglo Irish Bank (ANGIB.UL) under a worst case scenario, prompting the government to promise on Thursday a new four-year budget plan in November. Finance Minister Brian Lenihan said additional efforts were required to get the deficit below 3 percent of GDP by [...]

Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market, another step by the world’s largest beverage company to focus more on emerging markets. Coca-Cola will focus on boosting marketing and improving its delivery capabilities in the country. Coca-Cola said [...]

Silver rose to a 30-year high as gold powered to a fresh record of US$1,300 (HK$10,140) an ounce yesterday. Often considered the poor man’s gold, silver surged as investors chased a cheaper alternative. The metal has gained nearly 30 percent this year, reaching US$21.61 an ounce in London afternoon trade. “The medium-term outlook for silver [...]

Gold, up 27 percent in the past year, could advance to new records and investors should prepare to buy more, according to Kleinwort Benson, an investment bank for the wealthy. Andrew Thompson, the head of advisory portfolio management at the bank, is telling clients to stick with existing holdings of the metal and increase them [...]