Finance News, Saturday 9th April 2011
China March auto sales up 5.36
Auto sales in China- the worlds largest car market- rose by 5.36 percent in March from a year earlier- data from an industry group showed Sunday.A total of 1.83 million vehicles were sold in the country ... ...Sat 9th April 2011 - 11:42pm
Most Germans in favour of Portugal aid- poll
A narrow majority of Germans is in favour of the EUs multi-billion-euro bailout package for crisis-hit Portugal- a poll suggested on Sunday- with 90 percent believing it would not be the last.The ... ...Sat 9th April 2011 - 11:36pm
Germany to revise up growth forecasts- minister
Germanys economy will expand faster than expected in 2011- a minister said on Sunday- amid reports that the International Monetary Fund and Berlin would revise up forecasts for Europes top economy.Spiegel ... ...Sat 9th April 2011 - 11:14pm
China posts first quarterly trade deficit in 7 years
China said it had posted its first quarterly trade deficit in seven years- despite a narrow surplus in March- as rising commodity prices pushed manufacturers costs higher.China recorded a small trade ... ...Sat 9th April 2011 - 09:04pm
Australia flags tough budget due to floods
Massive floods that hit Australia this year helped slash US4.75 billion from national revenues- Treasurer Wayne Swan said as the government promised a tough and potentially unpopular budget.The centre-left ... ...Sat 9th April 2011 - 08:42pm
Critics- blocked SGX tie-up may hurt Australia
When Australian Treasurer Wayne Swan declared his decision to reject Singapores proposed takeover of the local bourse a no brainer- critics fear he may have scared off future Asian investment.The ... ...Sat 9th April 2011 - 07:58pm
Chinas March trade surplus at 140 mln
China said Sunday it had returned a trade surplus in March after the worlds number two economy posted its first trade deficit in nearly a year in February.Customs data showed a surplus of 140 million ... ...Sat 9th April 2011 - 07:44pm
Icesave no vote wins in Iceland referendum
Voters in Iceland gave a resounding no in a referendum on whether to approve a renegotiated deal to compensate Britain and The Netherlands over the 2008 collapse of Icesave bank- according ... ...Sat 9th April 2011 - 07:15pm
Australia flags tough budget due to floods
Massive floods that hit Australia this year will likely slash Aus4 billion from government revenues- Finance Minister Penny Wong said Sunday as she flagged a tough budget.The centre-left Labor government ... ...Sat 9th April 2011 - 06:57pm
China factories face shortages due to Japan quake
Electronics and auto makers in China are facing a severe shortage of components after Japans twin disasters disrupted production- but the full impact will not be felt for weeks- analysts say.The earthquake ... ...Sat 9th April 2011 - 06:13pm
Chinas March trade surplus at 140 mln
China said Sunday it had returned a trade surplus in March after the worlds number two economy posted its first trade deficit in nearly a year in February.Customs data showed a surplus of 140 million ... ...Sat 9th April 2011 - 05:18pm
Obama signs spending bill after skirting shutdown
President Barack Obama has signed into law a temporary spending bill averting a US government shutdown and ending - for now - a budget row between the Democrats and their newly empowered Republican foes.Party ... ...Sat 9th April 2011 - 04:55pm
Chinas March trade surplus at 140 mln- customs
China said Sunday it had returned to a trade surplus in March after the worlds number two economy posted its first trade deficit in nearly a year in February.Customs data showed a trade surplus of ... ...Sat 9th April 2011 - 04:34pm
Icesave no vote wins in referendum- partial results
Voters in Iceland gave a resounding no in a referendum on whether to approve a renegotiated deal to compensate Britain and The Netherlands over the 2008 collapse of Icesave bank- according ... ...Sat 9th April 2011 - 01:51pm
Administrator takes legal action against bookstores
Legal action has been launched against 25 Angus and Robertson bookstores that are trying to get out of a franchise agreement with their failed parent company.The company- REDgroup Retail- went into administration ... ...Sat 9th April 2011 - 01:37pm
Voting ends in Icelandic referendum on bank repayment deal
Voting has ended in Icelands referendum on whether to approve or reject a renegotiated deal to compensate Britain and The Netherlands over the 2008 collapse of Icesave bank.Polling stations closed ... ...Sat 9th April 2011 - 01:08pm
Obama signs spending bill after skirting shutdown
President Barack Obama on Saturday signed into law a temporary spending bill averting a US government shutdown and ending - for now - a budget row between the Democrats and their newly empowered Republican ... ...Sat 9th April 2011 - 10:48am
Swan hits back at ANZ chiefs criticism
Federal Treasurer Wayne Swan has rejected comments from the head of the ANZ Bank describing the Federal Government as weak.ANZ chief executive Mike Smith launched a wide-ranging attack on the government ... ...Sat 9th April 2011 - 09:41am
Farmers in Spain look to expand European coffee
In a tropical valley in Spains Canary Islands the month of April is the time to harvest coffee- which is marketed as gourmet product and one which farmers hope to expand rapidly.Since the late 19th ... ...Sat 9th April 2011 - 09:16am
EU prepares bailout for Portugal
EU finance ministers thrashed out on Friday a multibillion-dollar debt rescue for Portugal- demanding tough conditions as they try to draw a line under a destabilising debt crisis.The third EU bailout ... ...Sat 9th April 2011 - 08:27am
Portuguese president appeals for interim debt deal
Portugals president pleaded for mercy from the EU and IMF Saturday after they set tough conditions for an 80-billion-euro 115 billion bailout weeks ahead of snap general elections.Anibal Cavaco ... ...Sat 9th April 2011 - 07:29am
Obama- Republicans avert govt shutdown
A last-gasp deal slashing spending prevented a US government shutdown set for Saturday- ending - at least for now - a rancorous budget row between President Barack Obama and his newly empowered Republican ... ...Sat 9th April 2011 - 06:11am
German nuclear companies halt environmental payments
Four energy companies that run German nuclear plants said Saturday they have stopped payments to an environment fund after the government went back on its decision to keep the plants open for longer.EON- ... ...Sat 9th April 2011 - 06:04am
Tens of thousands against European austerity measures
European and local trade unions held a massive demonstration in the Hungarian capital Budapest Saturday to protest austerity measures- on the margins of a meeting of European finance ministers.We ... ...Sat 9th April 2011 - 05:54am
European Commission rules out Greek debt restructuring
The European Commission ruled out Saturday any restructuring of Greeces public debt- which has exploded to around 340 billion euros 485 billion.Yes- we do exclude restructuring- EU ... ...Sat 9th April 2011 - 04:53am
Portuguese president wants interim debt deal
Portuguese President Anibal Cavaco Silva called Saturday for interim measures to ease his countrys debt burden as it faces difficult general elections in June.He was speaking the day after the European ... ...Sat 9th April 2011 - 04:41am
Last-minute deals avoids US govt shutdown
US House Speaker John Boehner told fellow Republicans he had reached a deal with the White House to avert a government shutdown with barely more than an hour to spare- officials said.We have a deal- ... ...Sat 9th April 2011 - 03:08am
Top US lawmaker announces budget deal
US House Speaker John Boehner late Friday told fellow Republicans he had reached a deal with the White House to avert a government shutdown with barely more than an hour to spare- officials said. ...Sat 9th April 2011 - 02:53am
European Commission rules out Greek debt restructuring
The European Commission ruled out Saturday any restructuring of Greeces public debt- which has exploded to around 340 billion euros 485 billion.Yes- we do exclude restructuring- European ... ...Sat 9th April 2011 - 02:49am
EU rules out Greek debt restructuring
The European Commission is ruling out any restructuring of Greeces debt- Finance Commissioner Ollie Rehn said on Saturday. ...Sat 9th April 2011 - 02:38am
Spain confident its banks will pass stress tests
Spain will submit all its banks and savings banks to stress tests at a European-recognised level- its finance minister said on Saturday- expressing confidence of a positive result.We have decided ... ...Sat 9th April 2011 - 01:57am
Tata successor may be in the post for 40 years
Indias sprawling Tata Group says the successor to its chief Ratan Tata- one of the nations most powerful businessmen- could be at the helm for up to 40 years- according to a report Saturday.Indias ... ...Sat 9th April 2011 - 01:32am
Icelanders go to polls on Icesave repayment deal
About 230-000 Icelandic voters went to the polls Saturday to approve or reject a renegotiated deal to compensate Britain and The Netherlands over the 2008 collapse of Icesave bank.The latest opinion polls ... ...Sat 9th April 2011 - 12:55am
Griffin coal power stations sold
Administrators for collapsed miner Griffin Coal have sold two of the companys coal-fired power stations in the South West.Japanese companies- the Kansai Electric Power Company and Sumitomo Corporation- ... ...Sat 9th April 2011 - 12:43am
US lawmakers reach deal to avert govt shutdown
A dramatic 11th-hour deal slashing spending has staved off a US government shutdown- ending a rancorous budget row between President Barack Obama and his newly empowered Republican foes.Party leaders clinched ... ...Sat 9th April 2011 - 12:25am
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