Porsche board agrees to VW tie-up - Summary
Berlin - Luxury German sports carmaker Porsche said Friday its board had agreed to the group's planned integration into Volkswagen AG, Europe's biggest auto manufacturer. The decision by the Porsche supervisory board came after German-based VW's supe...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Arab stocks lacklustre ahead of Muslim festivities
Amman - Most of Arab stock markets extended losses this week ahead of Eid al-Adha festivities due to start on November 27, financial analysts said Friday. They also attributed the plunge to declines on global markets, the foggy picture surrounding th...
[Posted on :
2009-11-20 ] Category : [
Business ]
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India's Suzlon sells stake in Belgian firm Hansen
New Delhi - Suzlon Energy, India's biggest wind-turbine maker Friday said it has sold a 35-per-cent stake in Belgian wind gearbox maker Hansen for 370 million dollars. Suzlon through its Netherlands-based subsidiary AE-Rotor Holding BV sold 236 milli...
[Posted on :
2009-11-20 ] Category : [
India (Business) ]
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Iberia cabin crew cancel strikes in Spain
Madrid - Cabin crew of the Spanish airline Iberia have cancelled eight one-day work stoppages foreseen to start on November 30 and stretch into December, trade union sources said Friday. The unions said they had reached an agreement with Iberia on pa...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Asia's airlines see signs of recovery, expect heavy losses
Singapore - Asia's airlines saw some signs of recovery after passenger demand slumped during the global recession, the head of a regional industry body said Friday, but the business environment continued to be challenging. Hopefully, we are at least...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Japan falls back into deflation - Summary
Tokyo - Japan is back in a period of falling prices for the first time in three and a half years, the government said on Friday, while its central bank left a key interest rate unchanged and upgraded its economic outlook. Deputy Prime Minister Naoto ...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Thai exports fall 3 per cent in October, lowest this year
Bangkok - Thailand's exports hit 14.8 billion dollars in October, a decline of 3 per cent year-on-year, marking the lowest fall in 2009, the commerce ministry said Friday. Imports reached 13.1 billion dollars, down 17.5 per cent year-on-year. Thailan...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Nikkei down on Wall Street losses - Summary
Tokyo - Japan's key Nikkei index lost ground Friday following losses on Wall Street, logging its first four-week losing streak in more than one year. The benchmark Nikkei 225 Stock Average index was down 51.79 points, or 0.54 per cent, to close at 9,...
[Posted on :
2009-11-20 ] Category : [
Business ]
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Bank of Japan keeps key interest rate steady at 0.1 per cent
Tokyo - Japan's central bank on Friday decided, as was widely expected, to keep its key interest rate unchanged at 0.1 per cent. At the same time, the Bank of Japan (BoJ) upgraded its assessment of the country's economy for the third month running. T...
[Posted on :
2009-11-20 ] Category : [
Business ]
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