Siemens reports 19-per-cent growth in China
Beijing - Electronics company Siemens said Thursday its sales and new orders in China grew by 19 per cent each - twice the growth rate of the country's economy. Richard Hausmann, head of the Germany-based conglomerate's China subsidiary, told journal...
[Posted
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2008-12-04 ] Category : [
Business ]
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Indonesian central bank cuts interest rate
Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis. It was the first cut since Bank Indonesia lower...
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2008-12-04 ] Category : [
Business ]
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OSCE meeting to discuss Caucasus situation
Helsinki - Commuters passing through downtown Helsinki were Thursday advised to expect snarling traffic as foreign ministers and other dignitaries from the 56-nation Organization of Security and Cooperation in Europe (OSCE) were arriving for a two-da...
[Posted
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2008-12-04 ] Category : [
Business ]
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Tokyo stocks close lower after initial gains - Summary
Tokyo - Japan's stocks lost ground Thursday, closing down 1 per cent after initial gains following positive signals from Wall Street. Pushed downwards by concerns over the future of US carmakers, the benchmark Nikkei 225 index closed down 79.96 point...
[Posted
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2008-12-04 ] Category : [
Business ]
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European Central Bank expected to slash rates as economy slumps
Frankfurt - The European Central Bank (ECB) is expected to deliver Thursday a deep cut in borrowing costs as the wave of rate cuts across the global economy gains momentum. But economists are divided on the size of the reduction the ECB will deliver ...
[Posted
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2008-12-04 ] Category : [
Business ]
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Nippon Oil and Nippon Mining plan merger
Tokyo - Nippon Oil Corp, Japan's largest refiner, and Nippon Mining Holdings Incon Thursday announced merger plans set to create the world's eight-largest oil company. The two companies said a principal agreement has been reached to merge into a join...
[Posted
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2008-12-04 ] Category : [
Business ]
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Tokyo stocks stronger on Wall Street gains
Tokyo - Markets in Japan opened stronger Thursday, following positive signals from Wall Street. The benchmark Nikkei 225 index was up 49.34 points, or 0.62 per cent to 8053.44 at mid-trading, also carried up by speculation over a possible merger of N...
[Posted
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2008-12-04 ] Category : [
Business ]
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Global PC revenue predicted to drop for first time since 2001
San Francisco - Global revenue for the PC industry is to fall 5.3 per cent next year, research firm IDC said Wednesday. It would be the first drop in global PC revenue since 2001. The prediction was a dramatic revision of the company's previous forec...
[Posted
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2008-12-03 ] Category : [
US (Business) ]
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US stocks rise on positive housing, retail signs
Washington - US stock indices made gains Wednesday amid a rise in internet retail sales and a record increase in weekly mortgage applications overshadowed more news of a weakening economy. Research firm ComScore said purchases over the internet incre...
[Posted
on :
2008-12-03 ] Category : [
US (Business) ]
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