Oil prices drop after rally
LONDON AFP - Oil prices fell Friday on profit-taking after an overnight rally driven sharp gains on Wall Street- traders said. ...
Fri 27th March 2009 - 11:44pm
Kia Models Recognized in U.S. Editors Pick Lists
Seoul- Mar 27- 2009 - ACN Newswire - Kia Motors America KMA today announced the 2009 Kia Spectra also known as Cerato in some markets- Rio5 and Rondo also known as Carens in some markets have been included in two MSN Autos Editors Top Pick lists in the USA. Kia Spectra LX and Rio5 are named to the Top 10 Cars for Less Than $15-000 -amp quot list and Rondo is a top pick for -amp quotBest Family Cars for Downsizing. ...
Fri 27th March 2009 - 10:55pm
Japanese consumer prices flat in February
TOKYO AFP - Japanese inflation stayed flat for a second month in February- data showed Friday- but analysts warned the country will sink into deflation soon as the global downturn hits demand at home and abroad. ...
Fri 27th March 2009 - 10:54pm
Commerzbank posts 2008 net loss of 6.6 bln euros
FRANKFURT AFP - Germanys second biggest bank- Commerzbank- posted a 2008 net loss of 6. ...
Fri 27th March 2009 - 10:40pm
Chinalco to agree loan to fund Rio Tinto deal
SHANGHAI AFP - Aluminum Corp of China- or Chinalco- was to sign a loan agreement Friday with four Chinese banks to fund its 19.5-billion-dollar investment in mining giant Rio Tinto- Chinese media said. ...
Fri 27th March 2009 - 10:36pm
Minister- BHP in safety talks
The Mines Minister- Norman Moore- has met BHP Billiton executives to discuss a new safety regime for the company. ...
Fri 27th March 2009 - 09:35pm
National security cited as Chinese OZ Minerals deal blocked
The Federal Government has rejected Minmetals takeover bid for OZ Minerals because of national security issues. ...
Fri 27th March 2009 - 08:24pm
TWU wants action on rock throwers
The Transport Workers Union TWU says it wants the police and the State Government to find ways to prevent rocks being thrown at vehicles. ...
Fri 27th March 2009 - 08:15pm
OzMin bid 'may breach national security'
China Minmetals' proposed takeover of OZ Minerals cannot go ahead if it incudes the target's mining operations in Prominent Hill- Treasurer Wayne Swan says. ...
Fri 27th March 2009 - 07:15pm
OzMin bid 'may breach national security'
China Minmetals' proposed takeover of OZ Minerals cannot go ahead if it incudes the target's mining operations in Prominent Hill- Treasurer Wayne Swan says. ...
Fri 27th March 2009 - 06:53pm
Strathfield to launch 60 new stores
Retailer Strathfield Group Ltd- which came out of voluntary administration this month- says it's back in business and plans to open 60 new stores. ...
Fri 27th March 2009 - 06:28pm
Qld seafood given all-clear after spill
Seafood from SE Queensland coastal waters has been given the final all-clear in time for the Easter rush- after massive efforts to clean up a toxic oil spill. ...
Fri 27th March 2009 - 06:18pm
450 Waterford Wedgwood jobs saved
Key parts of the china and crystal brand Waterford Wedgwood have been saved from collapse by the New York private equity group KPS Capital Partners. ...
Fri 27th March 2009 - 06:15pm
National security- Govt blocks OZ Minerals takeover
The Federal Government has rejected Minmetals takeover bid for OZ Minerals because of national security issues. ...
Fri 27th March 2009 - 05:55pm
Waterford sale saves jobs- receiver
Receiver Deloitte says 450 Australian jobs have been saved in the sale of UK-based ceramics and crystalware maker Waterford Wedgwood. ...
Fri 27th March 2009 - 05:46pm
OzMin bid 'may breach national security'
China Minmetals' proposed takeover of OZ Minerals cannot go ahead if it incudes the target's mining operations in Prominent Hill- Treasurer Wayne Swan says. ...
Fri 27th March 2009 - 05:28pm
Waterford sale saves jobs- receiver
Receiver Deloitte says 450 Australian jobs have been saved in the sale of UK-based ceramics and crystalware maker Waterford Wedgwood. ...
Fri 27th March 2009 - 05:27pm
Aussie dollar firm posts 4th straight week of gains
SYDNEY- March 27 - The Australian dollar AUD held firm near three-month highs against the U.S. dollar on Friday- posting its fourth straight weekly gain- as firm stock markets supported investor appetite for riskier currencies. ...
Fri 27th March 2009 - 05:26pm
BBW shareholder urges sale of company
A major shareholder of renewable energy firm Babcock -amp Brown Wind Partners Group has called for the former Babcock -amp Brown satellite to be broken up. ...
Fri 27th March 2009 - 05:24pm
Foreign ownership hits 12-year high
Overseas investment in Australian shares has hit a 12-year high. ...
Fri 27th March 2009 - 05:23pm
Arnotts upgrades Brisbane factory
The Arnotts biscuit company says a $37 million upgrade to a Brisbane factory will create up to 60 jobs over the next couple of years. ...
Fri 27th March 2009 - 05:22pm
Ford pulls 80-000 Territorys over brake problem
More than 80-000 Ford Territorys are being recalled across Australia because of a brake problem. ...
Fri 27th March 2009 - 05:18pm
Australia shares extend rally- up 6 pct on week
MELBOURNE- March 27 - Australian stocks rose 0.7 percent on Friday- posting a fifth straight day of gains- driven up by mining stocks such as Rio Tinto Ltd RIO on firmer metals prices. ...
Fri 27th March 2009 - 05:14pm
National security- Govt blocks OZ Minerals takeover
The Federal Government has rejected Minmetals takeover bid for OZ Minerals because of national security issues. ...
Fri 27th March 2009 - 05:14pm
National security- Govt blocks OZ Minerals takeover
The Federal Government has rejected Minmetals takeover bid for OZ Minerals because of national security issues. ...
Fri 27th March 2009 - 05:13pm
Galaxy Resources Limited ASX-GXY Has Raised A $1.8 Million Via A Capital Book Build To Sophisticated Investors
Perth- Australia- Mar 27- 2009 - ABN Newswire - Galaxy Resources Limited ASX-GXY is pleased to announce that it has raised A $1.8 million via a capital book build to sophisticated investors.The book build placement consists of the issue of 6 million shares an issue price of 30 cents per share. Appendix 3B application for listing will be lodged once all subscription monies have cleared. ...
Fri 27th March 2009 - 04:58pm
We are one of the best capitalised- CBA
CBA says it is one of the most strongly capitalised banks in the world- which will position it well despite the worsening economic slowdown. ...
Fri 27th March 2009 - 04:49pm
Pacifica tips crisis to deepen in 2009
Automotive brakes maker Pacifica Group Ltd expects the crisis in the automotive industry to worsen in 2009- after a dreadful year in 2008. ...
Fri 27th March 2009 - 04:46pm
SA taking up first homeowners grant- Govt
The Federal Government says about 1-000 South Australians per month are taking up the increased first homeowners grant. ...
Fri 27th March 2009 - 04:44pm
Obama proposes finance regulatory reform
The US administration has proposed to Congress sweeping financial regulatory reforms- including a single entity to oversee key US financial institutions. ...
Fri 27th March 2009 - 04:33pm
Australia shares end up 0.7 on miners banks mixed
MELBOURNE- March 27 - Australian stocks rose 0.7 percent on Friday- the fifth straight day of gains- as miners rose on higher metals prices- though bank shares were mixed. ...
Fri 27th March 2009 - 04:22pm
Average Aussie lost $21k last year
Figures show the financial wealth of Australians fell by almost 35 per cent during 2008 - the biggest annual fall on record. ...
Fri 27th March 2009 - 04:19pm
Asian Markets Overview of March 27
Sydney- Australia- Mar 27- 2009 - ABN Newswire - Asian markets Friday opened broadly higher as Wall Street rallied for a second consecutive day after some good corporate earnings. Yesterday the major indices posted strong gains. Hong Kongs Hang Seng Index rose 3.6 while Shanghai Composite jumped 3.1. Japans Nikkei 225 Average rose 1.8 and South Koreas Kospi added 1.2. ...
Fri 27th March 2009 - 04:17pm
British retail sales slide in February
Retail sales in recession-hit Britain slumped 1.9 per cent in February from January- official data showed. ...
Fri 27th March 2009 - 04:16pm
Ford recalls Territory to check brakes
Ford Australia is recalling more than 83-000 Ford Territory vehicles because of a faulty brake hose that could cause a braking problem. ...
Fri 27th March 2009 - 03:41pm
Locals lose out on expressway work- says Oppn
The Opposition says South Australian businesses are losing out for construction contracts on the Northern Expressway project in Adelaide. ...
Fri 27th March 2009 - 03:34pm
10pc pay cuts for car components staff
A sluggish car market has led components supplier Tenneco to cut the pay of all its salaried and management staff by 10 per cent immediately. ...
Fri 27th March 2009 - 03:31pm
China ready to boost IMF funds- report
China will contribute extra resources to the IMF to boost the fund's lending power in the face of the financial crisis- vice-premier Wang Qishan says. ...
Fri 27th March 2009 - 03:29pm
BBW shareholder urges sale of company
A major shareholder of renewable energy firm Babcock -amp Brown Wind Partners Group has called for the former Babcock -amp Brown satellite to be broken up. ...
Fri 27th March 2009 - 03:27pm
OZ Minerals in second trading halt
Shares in debt-laden miner OZ Minerals have gone into a trading halt for the second time this week. ...
Fri 27th March 2009 - 03:24pm
United signs $320m railcar contract
United Group Ltd has signed a $320 million contract to build an additional 72 passenger railcars for NSW rail operator RailCorp. ...
Fri 27th March 2009 - 03:18pm
Domino effect expected from static woodchip price
A timber industry analyst says the entire sector will be affected by Gunns stagnant woodchip price. ...
Fri 27th March 2009 - 03:18pm
Ford recalls Territory to check brakes
Ford Australia is recalling more than 83-000 Ford Territory vehicles because of a faulty brake hose that could cause a braking problem. ...
Fri 27th March 2009 - 02:49pm
Garrett opposed to Kimberley gas plant- Hirst
Midnight Oil drummer Rob Hirst says his former bandmate- now Federal Environment Minister Peter Garrett- will do all he can to ensure a gas processing plant is not built in Western Australias Kimberley region. ...
Fri 27th March 2009 - 02:46pm
10pc pay cuts for car components staff
A sluggish car market has led components supplier Tenneco to cut the pay of all its salaried and management staff by 10 per cent immediately. ...
Fri 27th March 2009 - 02:38pm
Dont renege on indigenous job plan- Forrest
The head of the mining company Fortescue Metals Group ASX- FMG.ax - Andrew Forrest- is calling on business to remain committed to a plan to employ thousands more indigenous people despite the ongoin ...
Fri 27th March 2009 - 02:37pm
10pc pay cuts for car components staff
A sluggish car market has led components supplier Tenneco to cut the pay of all its salaried and management staff by 10 per cent immediately. ...
Fri 27th March 2009 - 02:28pm
Australia is in a recession- Lindsay Fox
Australia is in a recession and it's important for government and business to work together- says Linfox Logistics founder Lindsay Fox. ...
Fri 27th March 2009 - 02:16pm
Garrett wont allow Kimberley gas plant- Hirst
Midnight Oil drummer Rob Hirst says his former band-mate- now Federal Environment Minister Peter Garrett- will do all he can to ensure a gas processing plant is not built in Western Australias Kimberley region. ...
Fri 27th March 2009 - 02:14pm
Locals lose out on expressway work- says Oppn
The Opposition says South Australian businesses are losing out for construction contracts on the Northern Expressway project in Adelaide. ...
Fri 27th March 2009 - 02:12pm
Australia is in a recession- Lindsay Fox
Australia is in a recession and it's important for government and business to work together- says Linfox Logistics founder Lindsay Fox. ...
Fri 27th March 2009 - 01:51pm
OZ Mins shares halted amid debt talks
OZ Minerals shares have been placed in a trading halt as the world's second largest zinc producer seeks an extension to refinance $1.3b of debt due on Tuesday. ...
Fri 27th March 2009 - 01:47pm
NY Times- Washington Post to cull staff
The New York Times and Washington Post have announced another round of cost-cutting amid a steep decline in advertising revenue. ...
Fri 27th March 2009 - 01:37pm
Australian Market Report of March 27- Growing Confidence over Recovery
Sydney- Australia- Mar 27- 2009 - ABN Newswire - Overnight Wall Street shares closed higher amid growing optimism on prospects for economic recovery despite a rising jobless data. Yesterday- the Australian market finished in positive territory as the Wall Streets good performance this month fueled investors confidence over a gradual recovery in the US. The benchmark S -amp ampP-ASX200 ended the day up 37.3 points- or 1.03 per cent- at 3646. ...
Fri 27th March 2009 - 01:26pm
Prediction of Perth housing slump rejected
A national property research company has rejected claims that Western Australias property market will remain subdued for many years. ...
Fri 27th March 2009 - 01:24pm
10pc pay cuts for car components staff
A sluggish car market has led components supplier Tenneco to cut the pay of all its salaried and management staff by 10 per cent immediately. ...
Fri 27th March 2009 - 01:22pm
10pc pay cuts for car components staff
A sluggish car market has led components supplier Tenneco to cut the pay of all its salaried and management staff by 10 per cent immediately. ...
Fri 27th March 2009 - 01:21pm
Vandals sandwiched by new policing method
South Australian transit police say a new method of catching train vandals is working. ...
Fri 27th March 2009 - 01:15pm
Vandals sandwiched by new policing method
South Australian transit police say a new method of catching train vandals is working. ...
Fri 27th March 2009 - 01:14pm
Prediction of Perth housing slump rejected
A national property research company has rejected claims that Western Australias property market will remain subdued for many years. ...
Fri 27th March 2009 - 01:10pm
Aussie dlr holds near highs- underpinned by stocks
AUSTRALIAN CREDIT-FOREXSNAPSHOT FOREIGN EXCHANGE AT 0020 GMTagainst previous Sydney close AUD 0.7023-280.6987-92 AUDNZDR1.2125-441.2147-66 AUDJPYR 69.22-28 68 ...
Fri 27th March 2009 - 12:36pm
We are one of the best capitalised- CBA
CBA says it is one of the most strongly capitalised banks in the world- which will position it well despite the worsening economic slowdown. ...
Fri 27th March 2009 - 12:34pm
NY Times- Washington Post to cull staff
The New York Times and Washington Post have announced another round of cost-cutting amid a steep decline in advertising revenue. ...
Fri 27th March 2009 - 12:33pm
Prediction of Perth housing slump rejected
A national property research company has rejected claims that Western Australias property market will remain subdued for many years.The Reserve Bank released its financial stability review yesterday ...
Fri 27th March 2009 - 12:33pm
Pacifica tips crisis to deepen in 2009
Automotive brakes maker Pacifica Group Ltd expects the crisis in the automotive industry to worsen in 2009- after a dreadful year in 2008. ...
Fri 27th March 2009 - 12:29pm
Storm collapse- ASIC vows to keep digging
The Australian Securities and Investments Commission ASIC says the demise of Queensland company Storm Financial is one of the biggest collapses in Australian corporate history. ...
Fri 27th March 2009 - 12:29pm
United signs $320m railcar contract
United Group Ltd has signed a $320 million contract to build an additional 72 passenger railcars for NSW rail operator RailCorp. ...
Fri 27th March 2009 - 12:23pm
Storm collapse- ASIC vows to keep digging
The Australian Securities and Investments Commission ASIC says the demise of Queensland company Storm Financial is one of the biggest collapses in Australian corporate history. ...
Fri 27th March 2009 - 12:20pm
IBA Health Group Limited ASX-IBA Repays A $61.9 Million Of Debt Owed To AEP
Sydney- Australia- Mar 27- 2009 - ABN Newswire - IBA Health Group Limited ASX-IBAPINK-IBATF Australias largest listed health information technology company today paid all of the Term Equity Bridge Loan and interest owed to AEP Financial Services Holdings Ltd. AEP.The repayment of the subordinated secured borrowings plus accrued interest totalling A $61. ...
Fri 27th March 2009 - 11:45am
Australia shares up 1 as miners gain banks slip
MELBOURNE- March 27 - Australian stocks rose 1 percent on Friday to fresh 10-week highs- led by miners after metal prices rose on optimism the worst of the global economic crisis may be over. ...
Fri 27th March 2009 - 11:38am
Time to dump UK- US hold on IMF- Brown
Gordon Brown has signalled he would support ending a six-decade-long gentlemen's agreement that sees leadership of the World Bank and IMF carved up. ...
Fri 27th March 2009 - 11:11am
Local market follows Wall Street higher
Gains in the mining and industrial sectors have helped push the Australian share market higher. ...
Fri 27th March 2009 - 11:10am
OZ Mins shares halted amid debt talks
OZ Minerals shares have been placed in a trading halt as the world's second largest zinc producer seeks an extension to refinance $1.3b of debt due on Tuesday. ...
Fri 27th March 2009 - 10:52am
Citadel Resource Group Limited ASX-CGG Successfully Raises A $22.4 Million Through Share Placement
Melbourne- Australia- Mar 27- 2009 - ABN Newswire - Citadel Resource Group Limited ASX-CGG advise that it has successfully undertaken a capital raising.Shares totaling 213-456-000 have been placed at 10.5 cents per share- raising a total amount of A $22-412-880 before costs.The Placement was made mainly to Australian Institutional shareholders.Petra Capital exclusively managed this capital raising. ...
Fri 27th March 2009 - 10:39am
Share market up 1.5pc in early trade
The Australian share market is 1.5 per cent higher in early trade on the back of a 2 per cent rally on Wall Street overnight. ...
Fri 27th March 2009 - 10:32am
Further drops in tourists predicted
The number of tourists staying in the ACT fell slightly at the end of last year- but the local tourism industry predicts the figures will worsen before they improve. ...
Fri 27th March 2009 - 10:28am
Australia shares up 1.3- led by miners- financials
MELBOURNE- March 27 - Australian stocks rose 1.3 percent on Friday- led by miners after metal prices rose on optimism the worst of the global economic crisis may be over- while banks including Macquarie Group Ltd MQG also rose. ...
Fri 27th March 2009 - 10:27am
We are one of the best capitalised- CBA
CBA says it is one of the most strongly capitalised banks in the world- which will position it well despite the worsening economic slowdown. ...
Fri 27th March 2009 - 10:24am
Loan lifeline for car parts maker
Launceston cars parts manufacturer ACL Bearing has secured a three month extension to its loan with GE Finance. ...
Fri 27th March 2009 - 10:17am
Harvey Beef workers to vote on revised pay deal
Workers at Western Australias largest abattoir- Harvey Beef- are set to vote for the third time on a workplace agreement after rejecting the companys second pay offer. ...
Fri 27th March 2009 - 10:13am
Harvey Beef workers to vote on revised pay deal
Workers at Western Australias largest abattoir- Harvey Beef- are set to vote for the third time on a workplace agreement after rejecting the companys second pay offer. ...
Fri 27th March 2009 - 10:11am
Geithner flags new rules for Wall St villains
The US Government is launching an all-out regulatory assault on many of the Wall Street villains who are being blamed for triggering the global financial crisis. ...
Fri 27th March 2009 - 09:40am
Crane Group to raise $50m in share sale
Crane Group aims to raise $50 million for takeover opportunities through a share sale to existing investors in the pipe manufacturer and plumbing supplier. ...
Fri 27th March 2009 - 09:31am
Brazilian- British leaders propose trade fund
BRASILIA AFP - British Prime Minister Gordon Brown and Brazils President Luiz Inacio Lula da Silva on Thursday proposed creating a 100-billion-dollar global fund to spur trade amid the world cash crunch. ...
Fri 27th March 2009 - 09:29am
Obama proposes finance regulatory reform
The US administration has proposed to Congress sweeping financial regulatory reforms- including a single entity to oversee key US financial institutions. ...
Fri 27th March 2009 - 09:29am
Govt urged to resist marine park opponents
The Wilderness Society is urging the South Australian Government to resist demands for smaller marine park boundaries. ...
Fri 27th March 2009 - 09:17am
Fast-track to federal funds passes first hurdle
The Tasmanian Governments Bill to speed up the approvals process for federally-funded infrastructure projects has passed the lower house. ...
Fri 27th March 2009 - 08:50am
Australia shares seen up- miners may lead
Mining firms may benefit as tentative recovery signs boosted metals and gold prices- with Rio Tintos RIO London shares RIO.L gaining 7 percent and BHP Billiton BHP set to open up about 2 percent- based on its New York close BHP.N. ...
Fri 27th March 2009 - 08:24am
Generic packs push for cigarettes
The Cancer Council is lobbying for cigarettes to be forced into generic packaging. ...
Fri 27th March 2009 - 08:21am
Cooperation crucial to ending global crisis- Rudd
Prime Minister Kevin Rudd has warned that the upcoming G20 summit in London will not solve the global economic crisis if nations put their own interests first. ...
Fri 27th March 2009 - 08:16am
Wall St extends rally as optimism builds
Stocks in the United States have gained more than 2 per cent thanks to fourth-quarter economic growth reports and weekly jobless claims that were broadly in line with expectations. ...
Fri 27th March 2009 - 07:48am
Helen Clark becomes UNs third in charge
New Zealands former prime minister Helen Clark has been appointed to the third highest position at the United Nations. ...
Fri 27th March 2009 - 07:45am
Wall St extends rally as optimism builds
Stocks in the United States have gained more than 2 per cent thanks to fourth-quarter economic growth reports and weekly jobless claims that were broadly in line with expectations. ...
Fri 27th March 2009 - 07:42am
Geithner flags new rules for Wall St villains
The US Government is launching an all-out regulatory assault on many of the Wall Street villains who are being blamed for triggering the global financial crisis. ...
Fri 27th March 2009 - 07:38am
Bikies preparing for all-out war- insider
A senior bikie has warned Sydneys escalating feud between rival motorcycle gangs is set to explode- as clubs fly in reinforcements from overseas and stockpile weapons. ...
Fri 27th March 2009 - 07:34am
South Rd underpass set to open
Adelaides new South Road underpass will be in use for the first time tonight. ...
Fri 27th March 2009 - 07:30am
China central bank sees recovery signs
The decline in China's growth has slowed and signs point to recovery following Beijing's rapid response to the global crisis- China's chief central banker said. ...
Fri 27th March 2009 - 07:25am
US plans sweeping regulatory reforms
US treasury secretary Timothy Geithner proposed sweeping financial regulatory reforms- including a single entity' to oversee all key financial institutions. ...
Fri 27th March 2009 - 07:19am
Geithner flags super-regulator on Wall Street
The US Government is launching an all-out regulatory assault on many of the Wall Street villains who are being blamed for triggering the global financial crisis. ...
Fri 27th March 2009 - 07:19am
France to ban bonuses at state-aided firms
PARIS AFP - France announced a ban on bonuses and stock options Thursday for the bosses of state-aided firms in response to public outrage over executive perks at failing companies. ...
Fri 27th March 2009 - 07:14am
Bikies preparing for all-out war- insider
A senior bikie has warned Sydneys escalating feud between rival motorcycle gangs is set to explode- as clubs fly in reinforcements from overseas and stockpile weapons. ...
Fri 27th March 2009 - 06:52am
Oil prices stage rebound above 54 dollars
NEW YORK AFP - Oil prices rebounded Thursday past 54 dollars per barrel in tandem with a higher US stock market fueled by hopes the economic downturn in the worlds biggest energy consuming nation may be easing. ...
Fri 27th March 2009 - 06:51am
Insider warns of escalating bikie war
A senior bikie has issued a chilling warning about Sydneys escalating violent turf war between rival bikie gangs. ...
Fri 27th March 2009 - 06:49am
Cooperation crucial to ending global crisis- Rudd
Prime Minister Kevin Rudd has warned that the upcoming G20 summit in London will not solve the global economic crisis if nations put their own interests first. ...
Fri 27th March 2009 - 06:46am
Rudd tells G20- Work together or share consequences
Prime Minister Kevin Rudd has warned that the upcoming G20 summit in London will not solve the global economic crisis if nations put their own interests first. ...
Fri 27th March 2009 - 06:44am
US plans sweeping regulatory reforms
US treasury secretary Timothy Geithner proposed sweeping financial regulatory reforms- including a single entity' to oversee all key financial institutions. ...
Fri 27th March 2009 - 06:35am
Somali pirates hijack two tankers
The European Union says two European-owned chemical tankers have been hijacked off the Somali coastline in the past 24 hours. ...
Fri 27th March 2009 - 06:25am
Insiders chilling warning of escalating bikie war
A senior bikie has issued a chilling warning about Sydneys escalating violent turf war between rival bikie gangs. ...
Fri 27th March 2009 - 06:24am
Rudd tells G20- Work together or share consequences
Prime Minister Kevin Rudd has warned that the upcoming G20 summit in London will not solve the global economic crisis if nations put their own interests first. ...
Fri 27th March 2009 - 05:48am
Rudd tells G20- Work together or share consequences
Prime Minister Kevin Rudd has warned that the upcoming G20 summit in London will not solve the global economic crisis if nations put their own interests first. ...
Fri 27th March 2009 - 05:40am
Oil prices stage rebound
LONDON AFP - Oil prices rebounded Thursday- but gains were capped by evidence of high stock levels in the United States- which is the worlds biggest energy consumer- analysts said. ...
Fri 27th March 2009 - 05:33am
Air France-KLM says it expects 200-mln-euro loss
PARIS AFP - Air France-KLM- Europes biggest airline- said Thursday it expected a 200-million-euro 270-million-dollar operating loss for its financial year- which runs to the end of the month. ...
Fri 27th March 2009 - 05:19am
Irish economy shrinks at record pace in 2008
DUBLIN AFP - Irelands economy shrank by a record 2. ...
Fri 27th March 2009 - 04:47am
ECB opens door to buying corporate bonds
BRUSSELS AFP - ECB vice president Lucas Papademos suggested on Thursday the European Central Bank could follow its peers in buying corporate bonds to ease credit market tensions. ...
Fri 27th March 2009 - 04:30am
Obama to make auto aid announcement within days
WASHINGTON AFP - President Barack Obama said Thursday he would make an announcement on rescuing US auto firms within a few days but warned government aid would depend on -amp quotpainful -amp quot and -amp quotdrastic -amp quot restructuring. ...
Fri 27th March 2009 - 04:23am
France to ban bonuses at state-aided firms
PARIS AFP - France announced a ban on bonuses and stock options Thursday for the bosses of state-aided firms in response to public outrage over executive perks at failing companies. ...
Fri 27th March 2009 - 04:13am
IMF agrees to boost coffers of crisis-hit Serbia
BELGRADE AFP - The International Monetary Fund and Serbia agreed Thursday on a standby loan worth 4.0 billion dollars to boost the finances of the Balkan country hit hard by the global economic crisis. ...
Fri 27th March 2009 - 02:51am
French GDF Suez execs give up stock options
PARIS AFP - The chairman and the vice president of French energy giant GDF Suez decided Thursday to give up lucrative stock options- the company said- after workers went on strike in protest. ...
Fri 27th March 2009 - 02:45am
Toyota to sell two Prius models
Toyota will continue to sell the current Prius when the revamped version goes on sale in May in a move likely to help the hybrid ride out a threat from Honda. ...
Fri 27th March 2009 - 02:31am
US plans sweeping financial regulatory reforms
WASHINGTON AFP - US Treasury Secretary Timothy Geithner on Thursday proposed to Congress a set of sweeping financial regulatory reforms- including a -amp quotsingle entity -amp quot to oversee all key financial institutions and payment systems. ...
Fri 27th March 2009 - 02:28am
CyberAgent Reports Consolidated Results for February 2009
Tokyo- Mar 26- 2009 - JCN Newswire - CyberAgent TSE- 4751- a Tokyo-based leader in Internet media markets- has announced consolidated monthly results and overall position through February 2009. ...
Fri 27th March 2009 - 01:14am
US 4th quarter GDP drops 6.3
The US economy contracted at a hefty 6.3 per cent pace in the fourth quarter- the government said- revising its last estimate of a 6.2 per cent drop. ...
Fri 27th March 2009 - 12:13am
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