Business » World
Tuesday, 30 June 2009
EUROPEAN stock markets rose yesterday as upbeat economic data stoked hopes that the worst of the region's recession has passed and as investors looked to a higher opening on Wall Street.Germany's DAX index was 72.12 points, or 1.5 per cent, higher...
EU OFFICIALS say they have reached a deal with mobile phone makers to introduce a new single, more energy-efficient charger that can be used for data-enabled handsets.EU Industry Commissioner Guenter Verheugen says selling a single, standard charger...
br />Business upbeat about UK recoveryLONDON: Top bankers and business executives gathered in London were upbeat yesterday about a developing recovery in the global economy, but cautioned against any slowdown in reforming regulatory and financial...
Monday, 29 June 2009
WESTERN powers appear to have beaten off a bid by developing nations to assert a much greater role for the United Nations General Assembly in which they hold a majority in tackling the global financial crisis.A contentious "financial summit...
INDIA'S Tata Motors yesterday announced the entry of luxury British marques Jaguar and Land Rover into India, but insisted there were no plans to assemble them in the country for the time being.Six models three each from Jaguar and Land Rover...
THE scene where Shanghai's river meets the sea is a snapshot of China's battle against the financial crisis as well as the site of the port the country hopes can set the stage for the next boom.Empty container ships victims of China's export...
SOUTH Korea's Kumho Asiana Group yesterday said it had decided to put Daewoo Engineering & Construction Co up for a sale to ease investors worries about its liquidity.Kumho Asiana may consider various ways to unload Daewoo including a sale of a...
AUSTRALIA'S banks are thriving as their global peers struggle, but stand accused of "gouging" customers to keep themselves in the black, according to analysts.Treasurer Wayne Swan has cited the relative health of the banking sector as one...
MALAYSIA will announce this week liberalisation measures in the property sector and easing of rules for foreign listings on the stock exchange, a local newspaper reported yesterday.Prime Minister Najib Razak earlier this month said he would make...
JAPAN'S business leaders have become more optimistic about economic recovery over the past three months, a quarterly newspaper poll said yesterday. But they also believe that full recovery is not likely until some time in 2010, the Nikkei business...
IRAQ is this week due to unveil which foreign firms have won contracts to develop its oil and gas fields, nearly four decades after Saddam Hussein's party nationalised the country's energy infrastructure.The deals, likely to be announced live on...
THE Dubai developer behind the world's tallest building plans to merge with three rivals owned by the sheikdom's ruler, in a consolidation aimed at better coping with a global meltdown, which fuelled weakness in the one-time Arab boomtown's real...
GERMAN luxury carmaker Daimler launched its first hybrid model last week, almost 10 years after the market leader, Toyota.The world's best-selling limousine, a favourite of world leaders, the Mercedes Benz S Class, is now available in Europe with...
China shoemaker eyes Pierre Cardin : BEIJING: A private Chinese shoe manufacturer is in discussions with French attire maker Pierre Cardin for possible acquisition, a local newspaper reported yesterday. Guangzhou Jiansheng Trading Ltd, once a...
Sunday, 28 June 2009
A UNITED Nations meeting on the global economic crisis adopted proposals on Friday for reforming the world financial system, but the US said the world body had no authority to order changes.After months of negotiations, over 140 members of the UN...
GLOBAL steel demand will fall as much as 15 per cent this year, though there are signs of resumed appetite in China, the UN Trade and Development Agency (Unctad) said on Friday. "The steel industry is facing its worst demand downturn since the...
IRISH low-cost airline Ryanair is to order or take firm options on up to 300 new aircraft from Boeing or Airbus by the end of the year, its boss Michael O'Leary (picture) said in an interview to be published tomorrow.He told German weekly magazine...
RUSSIAN Prime Minister Vladimir Putin yesterday said Royal Dutch Shell PLS could participate in development of two hydrocarbon fields on the Sakhalin island.The invitation followed a tug-of-war between the Kremlin and the energy company over one of...
Fiat won't improve Opel offerROME: Fiat won't improve its offer for Opel but remains interested in taking over the European unit of General Motors Corp, the Italian carmaker's CEO said Friday. Sergio Marchionne said a tentative Opel deal by rival...
Saturday, 27 June 2009
VIETNAM'S economic growth in the second quarter of the year quickened to an estimated annual rate of 4.5 per cent, from an annual rise of 3.1 per cent in the first quarter, a state-run newspaper said yesterday.The faster growth in the quarter...
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