EU regulators charge Philips, others over cathode ray tube cartel
Brussels - European Union regulators Thursday formally charged Dutch electronics giant Philips and other manufacturers of cathode ray tubes (CRT) of forming a cartel aimed at inflating the price of television sets and computer monitors. The announcem...
[Posted on :
2009-11-26 ] Category : [
Business ]
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EU officials eye 3.7 per cent pay rise despite crisis
Brussels - European Union officials in Brussels have raised eyebrows by eyeing 3.7-per cent pay rises at a time of deep economic crisis and near-zero inflation. The proposed hikes reflect increases in the cost of living in Brussels. They also take in...
[Posted on :
2009-11-26 ] Category : [
Business ]
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China's overcapacity hits whole world, EU business study finds
Beijing - China's industrial overcapacity is affecting economic growth in dozens of industries across the world and is diluting the Chinese government's efforts to create more sustainable economic development, a European Union business group said in ...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Delhi seeks probe over payments to 22,000 'ghost workers'
New Delhi - The mayor of the Indian capital New Delhi has admitted that city authorities have been paying salaries to 22,853 civic employees who do not exist and Thursday sought a probe into the matter. In a statement, Kanwar Sain said the Municipal ...
[Posted on :
2009-11-26 ] Category : [
India (Business) ]
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Dubai World asks for debt moratorium
Dubai - Dubai World, the state-owned real-estate and ports giant that has driven much of the economic growth in the city-state in recent years, has asked for a moratorium on its debt. The company asked creditors if it could delay payment on its 59 bi...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Dutch consumer spending continues to drop
Amsterdam - Dutch consumer spending has continued to drop, the country's Central Bureau of Statistics (CBS) said in its monthly report released on Thursday. The Dutch economy officially came out of recession in the third quarter of 2009, but the late...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Philippine economic growth slows down in third quarter
Manila - The Philippines' economic growth slowed to 0.8 per cent in the third quarter of 2009 from a year ago, the government said Thursday. The gross domestic product (GDP) growth from July to September was down from 4.6 per cent from the same three...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Strong yen drives Nikkei down to four-month low - Summary
Tokyo - Shares in Japan lost ground Thursday, with worries about the strong yen and the lagging recovery of Japan's economy driving the key Nikkei index to a four-month closing low. The benchmark Nikkei 225 Stock Average dropped 58.4 points, or 0.62 ...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Bank of Korea widens inflation target range
Seoul - South Korea's central bank on Thursday set its inflation target at the 2-per-cent to 4-per-cent range for 2010-2012, citing a need to mitigate fluctuations in the still-nascent economic recovery. The decision marks a widening of the band for ...
[Posted on :
2009-11-26 ] Category : [
Business ]
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Vietnam stock market falls on dong devaluation, rate hike
Hanoi - Vietnam's stock market suffered its largest drop in seven months after the State Bank raised the benchmark interest rate and devalued the currency. The State Bank on Wednesday raised the prime interest rate from 7 to 8 per cent, effective Dec...
[Posted on :
2009-11-26 ] Category : [
Business ]
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