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General Motors to cut about 9,000 jobs in Europe - Summary
Berlin - General Motors is to reduce its Opel workforce in Europe by about 9,000, the US car company's new chief executive for Europe, Nick Reilly, said Wednesday in Germany on a tour to meet political and labour leaders. The company aimed to cut man...
[Posted on :
2009-11-25 ] Category : [
Business ]
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British economy remains in recession, figures show
London - The British economy remained in recession in the third quarter of this year, even though the decline in output was marginally lower than previously indicated, figures published Wednesday showed. The Office for National Statistics (ONS) said ...
[Posted on :
2009-11-25 ] Category : [
UK (Business) ]
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Thai shares climb 2.8 per cent on protest cancellation
Bangkok - Thai shares rose 2.86 per cent Wednesday as investors bid up prices following the announcement that potentially violent weekend protest rallies had been postponed, brokers said. The Stock Exchange of Thailand index ended at 695.58, up 19.3 ...
[Posted on :
2009-11-25 ] Category : [
Business ]
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Turkey, media group fail to settle tax dispute
Istanbul - Talks between Turkish officials and Dogan Yayin, Turkey's largest media group, have failed to yield a settlement over a 4.8 billion lira (3.2 billion dollar) tax fine, the group announced Wednesday. There has been no settlement reached by...
[Posted on :
2009-11-25 ] Category : [
Business ]
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Banks continue to hide huge losses, warns IMF head
Paris - Banks are continuing to hide huge losses from investors, imperiling the economic recovery, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, was quoted Wednesday as saying. Large losses remain concealed - 50 per cent...
[Posted on :
2009-11-25 ] Category : [
Business ]
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German consumers cautiously optimistic ahead of Christmas trading
Berlin - Consumers in Europe's largest economy maintained a stable outlook in the run up to the key Christmas trading period, economic survey institute GfK reported Wednesday. While fears of rising unemployment in 2010 dampened the overall consumer c...
[Posted on :
2009-11-25 ] Category : [
Business ]
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Tokyo stocks up on bargain buys - Summary
Tokyo - Tokyo stocks inched up Wednesday after a day of choppy trading as investors snapped up bargains following the previous day's losses. The benchmark Nikkei 225 Stock Average gained 40.06 points, or 0.43per cent, to close at 9,441.64, after slum...
[Posted on :
2009-11-25 ] Category : [
Business ]
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Tokyo stocks mixed in morning trading
Tokyo - Tokyo stocks put in a mixed performance in Wednesday morning trading, with worries about the strong yen and government economic policy keeping the market relatively flat. The benchmark Nikkei 225 Stock Average gained 3.60 points, or 0.04 per ...
[Posted on :
2009-11-25 ] Category : [
Business ]
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FDIC: 'Problem' banks at 16-year high in US
Washington - The number of US banks in danger of collapse has risen to the highest level in 16 years, a government regulator reported Tuesday in a sign that the country's worst financial crisis in decades is still lingering. The Federal Deposit Insur...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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