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Sunday, 6 September 2009

WTO says Airbus subsidies are illegal

2009-09-06 THE World Trade Organisation ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, US lawmakers said, but European sources said Washington did not win a sweeping victory.The findings, which came in a...

BRIC nations push for more IMF clout

2009-09-06 THE world's biggest emerging economies demanded a stronger voice at the International Monetary Fund on Friday, setting up a fight over which countries ought to give up some of their power.Brazil, Russia, India and China known as the "BRIC...

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2009-09-06 Regulators bungled Madoff probeWASHINGTON: The official at the Securities and Exchange Commission (SEC) who later would marry Bernard Madoff's niece told investigators this year that if he had carefully reviewed a complaint about the disgraced...

Doomsday savant sees slow recovery

2009-09-06 A LEADING economist who predicted the global financial crisis said Friday that he expects a slow recovery for advanced economies.New York University economist Nouriel Roubini (picture) also said that emerging economies may experience quicker, more...

Saturday, 5 September 2009

McD's vs McCurry heads for court again

2009-09-05 AN EIGHT-YEAR legal battle between fast food giant McDonald's and a Malaysian restaurant called McCurry over copyright infringement is set to continue on Monday in the country's highest court.McDonald's, which has 185 outlets in Malaysia, is...

China to buy IMF bonds in yuan, not US$

2009-09-05 CHINA will use yuan, not US dollars, to buy up to US$50 billion in International Monetary Fund-issued bonds, according to an agreement between the People's Bank of China and the IMF.The expectation had been that China would use dollars to buy the...

US joblessness data keeps stocks higher

2009-09-05 BETTER-THAN-EXPECTED US jobs data helped buoy European stocks and put Wall Street on track for a positive open yesterday, while the US dollar gained.The US Labor Department said employers cut a fewer-than-expected 216,000 jobs in August, although...

Europe's big 3 say global economic crisis not over, jobless to rise

2009-09-05 THE global economic crisis is not over and unemployment will keep rising in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend.In a letter to European Union...

Ripple effects of US tyre row feared

2009-09-05 A US decision to impose emergency restrictions on tyre imports from China could ripple around the world prompting other countries to impose similar curbs, trade experts said on Thursday. "There is a potential (ripple effect) if China redirects its...

WTO talks to resume amid caution: India

2009-09-05 WTO ministers agreed yesterday to resume high-level negotiations to clinch a new global free-trade pact, but despite the talk of a breakthrough there were words of caution about the hard work ahead.Indian Trade Minister Anand Sharma told reporters...

The latest movies on YouTube

2009-09-05 YOUTUBE is in advanced talks with major Hollywood studios about adding a movie rental service, in a move that could boost online movie rentals and finally allow Google to make a profit from the hugely popular video site, the Wall Street Journal...

Rio Tinto suspends China iron ore talks over Hu case

2009-09-05 ANGLO-AUSTRALIAN mining giant Rio Tinto said yesterday it had suspended iron ore price negotiations with China following the arrest of executive Stern Hu and three of his colleagues."At this point in time we're not negotiating," iron ore chief...

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2009-09-05 br />IMF revises up world GDP forecastTHE International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters. The IMF now...

Friday, 4 September 2009

Global recession ending: OECD

2009-09-04 THE global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organisation for Economic Co-operation and Development yesterday.The recovery may even prove a little...

Air cargo upturn 'fragile': IATA

2009-09-04 AN UPTURN in air cargo demand this year has been driven by companies restocking inventories which have run low, industry group IATA said yesterday.But this pick-up would remain "fragile" as long as economic recovery is driven by the...

Economy risks in US have markedly eased

2009-09-04 FEDERAL RESERVE policymakers last month believed risks to the US economy had eased "considerably" and discussed stretching out a programme that has held down home loan rates.The Fed expressed confidence the deepest US downturn since the...

US-China tyre spat threatens jobs

2009-09-04 ABOUT 100,000 Chinese and more than 10,000 Americans could lose their jobs if the United States goes ahead and restricts tyre imports from China, the official Xinhua news agency said yesterday.The US Trade Representative was due to give President...

BUSINESS BRIEFS

2009-09-04 China-ASEAN expo on farm, financeHANOI: Exhibitions on agriculture and the financial services will be held for the first time during the 6th China-ASEAN Fair, which is scheduled for Oct 20-24 in Nanning, China, reported the Vietnam news agency (VNA...

Indonesia sees export recovery on Asia sales

2009-09-04 LATEST trade data confirm Indonesia's forecast in July that non-oil exports will fall 15-20 per cent this year, less than expected earlier, and rise five per cent in 2010, boosted by the recovery of Asian markets, Trade Minister Mari Pangestu said...

Walkman outsells iPod in Japan

2009-09-04 THE Walkman outsold the iPod in Japan last week for the first time in four years, handing Japanese electronics giant Sony a rare victory over arch-rival Apple, a survey showed.Sony's share of the Japanese market for portable music players stood at...

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