Sunday, 10 January 2010

IN BRIEF

2010-01-10 Google wants to buy, sell electricity in USNEW YORK: Internet search giant Google is seeking government authority to buy and sell electricity in the US, a further expansion of its operations aimed at boosting renewable energy. In a document filed...

New Samsung remote control has TV screen

2010-01-10 YOU'RE watching a movie on television but really want to step away to fix a sandwich. Or nature calls when the game is tied and there are just a few seconds left.Samsung does not want you to miss any of the action, so the South Korean electronics...

New guidelines issued to tighten finance oversight

2010-01-10 INTERNATIONAL financial regulators on Friday issued new recommendations to toughen up regulation of the industry, including the mortgage sector, in a bid to prevent a repeat of the global credit crisis."There are some key recommendations in...

GM starts Saab liquidation

2010-01-10 GENERAL Motors said Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden.GM said it hired the consulting firm AlixPartners "to...

Venezuela devalues currency

2010-01-10 PRESIDENT Hugo Chavez devalued Venezuela's bolivar currency on Friday, attempting to resuscitate local production but running the risk of worsening inflation in the South American oil-exporter's flagging economy.Facing a recession and galloping...

Saturday, 9 January 2010

Medical therapies on the mend after 15% fall

2010-01-09 MEDICAL beauty treatment sales are expected to be on the mend in the next few years after falling about 15 per cent in 2009, with more women opting for natural-looking touch-ups rather than going under the knife. IMCAS, the International Master...

IN BRIEF

2010-01-09 Russia group gets control of Ukraine's ISDKIEV: A Russian-led group has bought control of one of Ukraine's largest steel groups, Industrial Union of Donbass (ISD), Interfax-Ukraine news agency said yesterday. Quoting a press release from ISD, the...

Russia, Georgia commence direct flight

2010-01-09 RUSSIA and Georgia on Friday re-opened air links with the first direct flight from the Georgian capital since the two countries' war in August 2008, an AFP journalist witnessed.The Georgian Airways Boeing 737 charter flight took off from Tbilisi at...

Colombian coal moves into China

2010-01-09 COLOMBIAN coal is starting to move into China to feed the voracious demand of coastal utilities which cannot get enough domestic coal, traders said on Thursday.New Colombian spot business into China will accelerate the global tightening of coal...

F1 boss joins final bids for Saab

2010-01-09 FORMULA One boss Bernie Ecclestone leapt into the race yesterday for GM's loss-making unit Saab, joining several groups making last-ditch bids as the US giant prepared to wind down the iconic carmaker.Ecclestone's involvement was revealed by...

China overtakes Germany as top world exporter

2010-01-09 CHINA and its population of 1.3 billion has overtaken Germany, population 82 million, as the world's top exporter, trade figures from the German national statistics office showed yesterday.From January to November, Chinese exports were worth US$1.07...

Friday, 8 January 2010

UK album sales fall again in 2009, singles up

2010-01-08 ALBUM sales in the United Kingdom fell 3.5 per cent to 128.9 million in 2009, the fifth consecutive year of contraction reflecting the struggle record labels face in turning music into cash.Online piracy and competition from other forms of...

IN BRIEF

2010-01-08 Spyker makes last bid for Saab: CEOTHE HAGUE: Dutch sportscar maker Spyker will submit a definitive, updated bid for General Motors' Swedish unit Saab yesterday, its chief executive officer Victor Muller said. "The bid is being refined,"...

Oil could rise to US$100/pb if Iran blocks waterway

2010-01-08 IRAN is unlikely to risk blocking or mining the Strait of Hormuz if tension with the West rises, because it stands to lose vital oil revenues from closing the strategic waterway and lacks the military capability.Iran has threatened to close the...

Cadbury shares dip below Kraft's £10.6b bid

2010-01-08 CADBURY shares dipped below Kraft Foods' £10.6 billion (US$17 billion) bid price for the first time yesterday as prospects of a rival bid receded and analysts reckoned Kraft now needed only to slightly sweeten its offer to win.Kraft will not have to...

Key contracts for EU satnav system awarded

2010-01-08 THE EU's much-delayed satellite navigation network Galileo will begin operations in 2014, the European Commission said yesterday as it awarded key contracts to Germany's OHB System and France's Arianespace.OHB System beat out larger rival EADS-...

Oil slips below US$83 as China signals tighter policy

2010-01-08 OIL slipped below US$83 a barrel yesterday, pulling back from a 15-month high a day earlier, as signs of tighter monetary policy in China sparked concerns about demand in the engine room of commodity consumption growth.Crude had shrugged off news of...

Thursday, 7 January 2010

Asian automakers dethrone Detroit in 2009 US sales

2010-01-07 ASIAN automakers dethroned Detroit as the biggest sellers in the US in 2009 after General Motors and Chrysler succumbed to the economic crisis, industry data has shown.Total industry sales fell 21.2 per cent to 10.43 million vehicles in 2009,...

Google unveils new phone

2010-01-07 GOOGLE Inc took the wraps off a new smartphone that it will sell directly to consumers, aiming to boost its position in the emerging mobile Internet market by exerting greater control over the new generation of Web-surfing devices.The sleek...

Asia consumers most upbeat, US sentiment dips: Nielsen

2010-01-07 CONSUMER confidence is strongest in emerging Asia, Brazil and Australia, but weakened slightly in the US in the fourth quarter as Americans worried about job security, a survey showed yesterday.Consumer sentiment was highest in Indonesia, followed...