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Tuesday, 7 February 2012
Mitsubishi plans a 'blow': Dutch ministerTHE HAGUE: The Dutch government called yesterday Mitsubishi's plans to stop making cars at its sole western European plant "a blow", with trade unions saying the country's south will be hard hit by...
GREEK political leaders will "very probably" meet today to decide whether to approve new austerity measures demanded by the country's public creditors for new loans, a government source said yesterday.The meeting originally to be held...
THE European Union's total government debt rose slightly to 82.2 per cent of economic output in the third quarter of 2011, the EU's statistics agency said yesterday, lower than the United States but still a burden that could take decades to pay down...
FRENCH airports announced some cancellations and delays on the first day of a four-day strike by aviation workers yesterday but flight disruptions were limited.At Paris' Charles de Gaulle and Orly airports, officials said airlines had on Sunday...
THE Brazilian government privatised three airports, including Sao Paulo's Guarulhos, ahead of the 2014 World Cup through concessions valued at a total of US$14 billion during an auction yesterday.The concessions to upgrade congested terminals at the...
US AIRCRAFT manufacturer Boeing said yesterday it had discovered a manufacturing error that would require repairs in the fuselage section of some 787 Dreamliners."Boeing has found that incorrect shimming was performed on support structure on...
OIL prices could soar to as high as US$160 a barrel if tension over an Iranian oil embargo persists or in the event of conflict, a top Kuwaiti oil executive said in remarks published yesterday."If the embargo on Iranian oil persists, or in case...
THE International Energy Agency may reduce its world oil demand forecast for 2012 this week due to a weaker outlook for the world economy, even though some evidence points to stronger consumption in the latter part of the year.!All three of the most...
Monday, 6 February 2012
EURO zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.!Euro zone ministers...
THE latest surge in US job creation suggests the world's biggest economy is gathering momentum in contrast with the recession taking hold in parts of Europe.Analysts said that in the United States, where the economy added 243,000 net new jobs in...
A PENNILESS shepherd from the island of Crete is one of Greece's top state debtors, a report said yesterday, highlighting the daunting task facing the crisis-hit country in managing its chaotic finances.Stelios Parasyris, 65, is deemed to owe the...
Barclays boss 'to get US$4.7m bonus'LONDON: Barclays chief executive Bob Diamond is to receive a bonus of up to £3 million pounds (US$4.7 million, 3.6 million euros) for his work in 2011, reports said yesterday. Britain's Sunday Times...
CHINA'S Premier Wen Jiabao (pic, right) said a stable Europe was key to stability at home, in comments published yesterday, at the end of a week that saw Germany's chancellor visit Beijing."Firstly, our biggest export market is Europe,"...
SAUDI Arabia has played an "important role" in stabilising the oil market and supporting the global economy, International Monetary Fund chief Christine Lagarde said in a statement on Saturday.Lagarde's comments came at the conclusion of...
THE United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt US firms, foreign banks, and international markets in one swoop.!The new buzzword in the financial world is...
Sunday, 5 February 2012
BY DAY, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's results.!Leitao is part of a cadre of amateur forecasters, bloggers and hobbyists who sift through reams of data...
Telenor asks Indiato protect investmentNEW DELHI: Telenor says it expects India to protect its "lawful investment" after an Indian court scrapped mobile permits held by the Norwegian giant and other firms on grounds the licensing process...
THE United States voiced confidence yesterday that Europe can solve its financial crisis and said the two must work more closely to support their recoveries and combat state-run capitalism and protectionism.!Speaking at the Munich Security...
Saturday, 4 February 2012
THE International Monetary Fund on Thursday urged Latin American policymakers to take actions to guard against contagion from the eurozone debt crisis and looming recession."Hope for the best (or at least, the better); but prepare for the worst...
SWITZERLAND said yesterday it was investigating a dozen US, European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates on hundreds of trillions of dollars of securities.!The Swiss Competition...
