Spanish tourism declines 9 per cent due to economic crisis
Madrid - The number of foreign tourists visiting Spain declined by 9.3 per cent to 46.7 million visitors in the first 10 months of this year, according to official figures released Monday. Tourism had been expected to shrink by about 10 per cent this...
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2009-11-23 ] Category : [
Business ]
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Daewoo construction unit up for sale
Seoul - South Korea's Kumho Asiana conglomerate said Monday it has settled on Abu Dhabi's Jabex Partners Co and TR America Consortium as preferred bidders for a majority stake in its construction unit, Daewoo Engineering & Construction Co. Kumho Asia...
[Posted on :
2009-11-23 ] Category : [
Business ]
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OECD economies expanded modestly in third quarter
Paris - The collective gross domestic product (GDP) of Organization for Economic Cooperation and Development (OECD) members rose by 0.8 per cent in the third quarter of 2009 compared to the previous quarter, the organization said Monday. That follows...
[Posted on :
2009-11-23 ] Category : [
Business ]
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EADS insider trading case comes before French market regulator
Paris - The most high-profile cases of insider trading in Europe of recent years entered a crucial phase Monday when 17 current and former executives of aerospace giant EADS and its subsidiary Airbus began testifying before a French market watchdog. ...
[Posted on :
2009-11-23 ] Category : [
Business ]
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Thai activists demand pull-out from Myanmar dam project
Bangkok - Thai civil society leaders representing 189 organizations demanded Monday the government withdraw from the controversial Hutgyi dam project in Myanmar or face dire consequences. The group delivered a letter to Prime Minister Abhisit Vejjaji...
[Posted on :
2009-11-23 ] Category : [
Business ]
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Taiwan's tourist figures up due to influx of Chinese visitors
Taipei - Taiwan's visitor figures rose 11.65 per cent in the first 10 months this year, boosted by the influx of Chinese tourists, the Tourism Bureau said Monday. Between January and October, Taiwan received 3.5 million visitors, the Tourism Bureau s...
[Posted on :
2009-11-23 ] Category : [
Business ]
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Iraq oil exports at 58.2 million barrels in October
Baghdad - Iraq crude oil exports reached 58.2 million barrels in October this year, generating 4.19 billion dollars in revenue, the Oil Ministry said Sunday. Daily oil production dropped slightly in to an average of about 1.85 million barrels a day, ...
[Posted on :
2009-11-22 ] Category : [
Business ]
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Hershey, Nestle, sweeten war for Cadbury
Washington - Hershey and Nestle are expected to jump into the war over Cadbury sweets, media reports said Saturday, just weeks after the British-based stalwart rejected a hostile bid by US Kraft Inc. The growing market for chocolate in the developing...
[Posted on :
2009-11-21 ] Category : [
US (Business) ]
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Report: Germans in turmoil over Opel aid as neighbours offer cash
Berlin - The new German coalition government led by Chancellor Angela Merkel is in turmoil over the issue of state aid for Opel, while other EU states with Opel factories have pledged more than a billion euros (1.49 billion dollars), a magazine repor...
[Posted on :
2009-11-21 ] Category : [
Business ]
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