New Zealand economy gets big boost from rising dairy price
Wellington - Soaring international milk powder prices are giving the New Zealand economy a multi-million dollar boost as it struggles out of recession, the country's biggest exporter announced Monday. The Fonterra Co-operative Group, the world's bigg...
[Posted on :
2009-11-08 ] Category : [
Business ]
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Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...
[Posted on :
2009-11-08 ] Category : [
Business ]
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Indian premier pushes for faster economic reforms
New Delhi - India had weathered the global economic crisis better than most countries and would push financial sector and other reforms to regain a 9 per cent rate of growth, Prime Minister Manmohan Singh said Sunday. Delivering the opening address a...
[Posted on :
2009-11-08 ] Category : [
India (Business) ]
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Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...
[Posted on :
2009-11-08 ] Category : [
Business ]
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Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...
[Posted on :
2009-11-08 ] Category : [
Business ]
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Economic woes cost German employment agency billions
Nuremberg - The German employment agency will need to plug a funding hole of 16 billion euros (24 billion dollars) in 2010, an agency spokeswoman said on Saturday, confirming a media report. Job losses resulting from the economic crisis meant the agen...
[Posted on :
2009-11-07 ] Category : [
Business ]
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Brown proposes financial market tax at G20 meeting - 2nd Update
St Andrews, Scotland - British Prime Minister Gordon Brown urged finance ministers from the world's 20 leading economies meeting Saturday to consider imposing a tax on financial transactions to help head off future global economic crises. It cannot ...
[Posted on :
2009-11-07 ] Category : [
Business ]
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Head of GM Europe may switch to India's Tata: media reports
Frankfurt, Germany - The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday. Forster, 55, is quitting GM after strongly criticizing the Detroit-based car giant's surpr...
[Posted on :
2009-11-07 ] Category : [
Business ]
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Economic recovery, climate change tops G20 meeting
St Andrews, Scotland - Finance ministers from the world's 20 leading economies are meeting in the Scottish golf resort of St Andrews Saturday to review the state of the global economy amid signs of a tentative recovery from its biggest slump in a gen...
[Posted on :
2009-11-07 ] Category : [
Business ]
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Five more US bank failures bring total for 2009 to 120
New York - Bank failures in the United States have risen to 120 this year as five more regional institutions were added to the list, the US agency that guarantees the safety of bank deposits said. United Commercial Bank in San Francisco with assets o...
[Posted on :
2009-11-07 ] Category : [
US (Business) ]
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