Chief executive of German truckmaker MAN to quit
Munich - Hakan Samuelsson, the Swedish-born chief executive of MAN, is unexpectedly stepping down from his post, the German bus- and truckmaking conglomerate said Monday in Munich. It said his immediate departure was at his own wish. Georg Pachta-Rey...
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2009-11-23 ] Category : [
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Hungarian National Bank lowers base rate from 7 to 6.5 per cent
Budapest - The Hungarian National Bank lowered its benchmark base rate by 50 basis point to 6.5 per cent, the governor Andras Simor told reporters on Monday, after a meeting of the bank's monetary policy council. The central bank issued a statement c...
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2009-11-23 ] Category : [
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Report: Ikea turns healthy pre-tax profit over past decade
Stockholm - Swedish furniture retail giant Ikea during the past decade has turned a healthy pre-tax profit of 200 billion kronor (28.8 billion dollars), a Swedish business daily reported Monday. As Ikea is not a listed company and only discloses it s...
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2009-11-23 ] Category : [
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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 : [
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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...
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2009-11-23 ] Category : [
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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...
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2009-11-23 ] Category : [
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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. ...
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2009-11-23 ] Category : [
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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...
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2009-11-23 ] Category : [
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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...
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2009-11-23 ] Category : [
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