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Fannie, Freddie affair not expected to directly impact Arab markets
Amman - The financial problems facing the US real estate mortgage giants Fannie Mae and Freddie Mac are not expected to have a direct impact on Arab markets, financial analysts said Monday. I don't think the difficulties suffered by the two US fir...

[Posted on : 2008-09-08 ] Category : [ Business ]

Boeing strike impact to be felt globally
TOKYO/PARIS (Reuters) - Aerospace groups dusted off contingency plans on Monday for a potentially lengthy strike at Boeing, whose workers halted production for a third day, while shares in the parent of European rival Airbus got a sharp boost.

[Posted on : 2008-09-08 ] Category : [ US (Business) ]

Czech inflation down and unemployment steady in August
Prague - The Czech Republic's inflation slowed down and unemployment remained steady in August, according to government data released Monday. The inflation rate year-on-year dropped to 6.5 per cent in August, from 6.9 per cent recorded in July, mainl...

[Posted on : 2008-09-08 ] Category : [ Business ]

Spanish carrier Futura to resume flights after declaring bankruptcy
Madrid - The Spanish charter carrier Futura International Airways was to resume flights Monday after suspending them for 24 hours on seeking bankruptcy protection, trade union sources said. Representatives of management and employees were meeting in ...

[Posted on : 2008-09-08 ] Category : [ Business ]

Coca-Cola's offer for Chinese firm faces anti-monopoly probe
Beijing - US-based soft-drink giant Coca-Cola's offer to buy the leading Chinese fruit juice firm faces an anti-monopoly review, state media said on Monday. China Central Television (CCTV) quoted Commerce Ministry spokesman Yao Shenhong as saying off...

[Posted on : 2008-09-08 ] Category : [ Business ]

Futures rally after Fannie, Freddie bailout
NEW YORK (Reuters) - Stock index futures rallied on Monday, putting Wall Street on track for a surge of 2 percent or more at the open, as the bailout of U.S. home finance giants Fannie Mae and Freddie Mac stoked a global equity surge.

[Posted on : 2008-09-08 ] Category : [ US (Business) ]

Netherlands computer gaming sales leap
Amsterdam - Sales of computer game consoles and other gaming hardware in the Netherlands have jumped dramatically in 2008, the umbrella organisation for the Dutch entertainment industry for audio, video and interactive products NVPI said on Monday. R...

[Posted on : 2008-09-08 ] Category : [ Business ]

Asian stocks surge on bailout of US mortgage lenders - Summary
Tokyo - Asian stocks, led by financial issues, made major gains Monday in reaction to a US decision to take control of the two largest US mortgage lenders and guarantors, Fannie Mae and Freddie Mac. Tokyo's benchmark Nikkei 225 Stock Average jumped 4...

[Posted on : 2008-09-08 ] Category : [ Business ]

Tata extends suspension of work at cheap car factory
New Delhi - Tata Motors Ltd said Monday that it would continue the suspension of work at its factory in eastern India manufacturing the world's cheapest car, the Nano, even though farmers called off their protests over farmland acquired for the plant...

[Posted on : 2008-09-08 ] Category : [ India (Business) ]

More families to seek damages from Boeing after Madrid air crash
Madrid - More families of victims of the August 20 air crash in Madrid will seek damages from Boeing, two US law firms announced Monday. Boeing subsidiary McDonnell Douglas manufactured the Spanair MD-82 jet that crashed off the runway after take-off...

[Posted on : 2008-09-08 ] Category : [ Business ]

 

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