 IMF chief says economy improvement will be moderateThe IMF’s First Managing Director, John Lipsky, has stated that he believes the world economy will continue to recover moderately but will face challenges along the way, such as the need for medium-term fiscal... | |
 Pilots on furlough being called back to ContinentalContinental Airlines in the US is beginning to welcome back 132 pilots who were furloughed in... |
 Drugmaker Roche reviews its business modelThe Swiss drugmaker Roche has decided to cut costs in response to recent setbacks in the development of major... |
 Next job lift expected in certain professionsWhile US companies modestly added jobs in August, it will still take a while before unemployment falls to pre-recession... |
 Speculative hedge funds under pressure in BrusselsSpeculative hedge funds will come under scrutiny in Brussels over the next few... |
 Booming car industry could decline in ChinaOfficials in China have suggested the country should end preferential policies for automotive companies in order to curb... |
 Highway turns into parking lot in ChinaLast week a northern China highway virtually became a parking area when around 10,000 trucks became stuck in a 120 kilometre... |
 Tax mistakes affect UK payers in different waysNearly six million people in the UK have paid the wrong amount of... |
 Burger King refuses to buy more cooking products from Indonesian groupBurger King has made the decision to stop buying palm oil from an Indonesian... |
 India to grow in car parts marketThe Indian auto components sector is likely to grow five times to $110 billion in the next... |
 August job losses not as high as expected in USA decline of 54,000 people in the US workforce has been described as far less than... |
 Graphene transistors will change performance of mobiles and computersUCLA researchers in the US have fabricated the fastest ever graphene... |
 Fears of cabin crew dispute unfounded as passengers get aboard BADespite fears that British Airway’s cabin crew dispute could widen, passengers still flew with the airline in the peak month of August, when the airline carried 3,154,000... |
 Irish newspaper cuts staff pay by 10%The Irish Examiner newspaper has indicated it will cut staff pay by... |
 Azerbaijanis give Russia more gasRussian and Azerbaijan are about to change their gas ratios. Azerbaijan last week agreed to more than double its natural gas exports to Russia, through the Azerbaijani state oil company... |
 Nigerian economy expected to grow by high numberThe Nigerian economy is due to hit double-digit growth by the end of 2011 or early... |
| WTO chief wants G20 leaders to discuss pushing forward global trade deal SEOUL, South Korea - Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday. World... |
| UK export figures bring much-needed cheer recession .Many employers believed growth would be sustained during 2011 and the survey showed that companies with the best growth prospects exported a large proportion of their output.But she warned... |
| Vedanta investors look into human rights issues in India India over concerns about alleged breaches of human rights and environmental laws.Institutional investors have formed a coalition to investigate some of the issues that have dogged the company... |
| Is Ireland's resident evil, Anglo Irish bank, about to be killed off? They have become known as zombie hotels, a potent symbol of the profligacy of the past decade that has plunged the Irish economy deep into crisis.Across the Republic there are currently an estimated... |
| Recession has turned economic orthodoxy on its head Recession of the past three years. Left to their own devices, markets have proved to be neither rational nor stable. They don't miraculously come up with perfect solutions.Unemployment is a case in... |
| O’Keeffe announces €1.4m pilot management training fund for SMEs; Irish trading mission to Russia begins See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Earnings of big US and European companies impressive in 2010 Net profits for the leading US companies which make up the Standard and Poor’s 500 index are expected this year to almost return to the 2006 peak, while total earnings will surpass 2007’s high ... |
| Vietnam stock markets up on economic growth outlook economic growth would rise to an annualized 7.2 per cent, up from 6.4 per cent in the second quarter.The VN Index finished up 1.58 per cent, closing at 466 from 458 on Wednesday, the last day of... |
| Julius Baer May Double Portion of Asia Staff to More Than 20% Sept. 6 (Bloomberg) -- Julius Baer Group Ltd., the 120- year-old Swiss private bank, expects to double the portion of staff in Asia as it taps an “increasingly important” market for... |
| Anil Ambani’s Reliance Fails to Sell Assets to GTL Sept. 6 (Bloomberg) -- Billionaire Anil Ambani’s plans to sell Reliance Communications Ltd.’s phone-tower assets to GTL Infrastructure Ltd. collapsed after both sides failed to agree on a... |
| Australian Independents Could Split, Windsor Says Sept. 6 (Bloomberg) -- The three independent lawmakers being courted by Australia’s two major parties after the closest national election in 70 years could split their support, giving neither... |
| Goodrich eyes earnings boost in the fourth quarter sees its string of lower earnings — now at five consecutive quarters, compared year over year — ending by the fourth quarter as its margins rise and aftermarket sales recover. This week,... |
| SODIC expects $700m earnings over three years Ahmed Dabbous, chief financial officer of Egyptian developer, Six of October Development and Investment (SODIC) has said the firm expects EGP4bn ($700m) in earnings over the next three years as the... |
| Rupee gains 11 paise against dollar in early trade Interbank Foreign Exchange on Monday, supported by fresh capital inflows by foreign funds and stronger Asian currencies against the dollar. The rupee gained 8 paise to close at two-week high of Rs... |
| Microsoft veteran boots up a university in Africa Microsoft veteran Patrick Awuah envisions Ashesi University near Accra, Ghana, as the start of an Ivy League for Africa, producing high-caliber business and government... |
| Asian Stocks Rise as U.S. Jobs Report Eases Growth Concerns Sept. 6 (Bloomberg) -- Asian stocks rose, driving the MSCI Asia Pacific Index to the highest level in four weeks, as better-than-estimated jobs data in the U.S. eased concern global economic growth... |
| SingTel May Bid For C&W Worldwide: Report SYDNEY -- Singapore Telecommunications Ltd. is considering a bid for U.K. telecom Cable & Wireless Worldwide PLC, according to a report in the Independent on Sunday. The Asian firm, better known as... |
| Barclays Capital Hires Weiner-Trapness As Asia-Pacific Financial Institutions Head BCS ), said Monday it made five senior appointments in its Asia Pacific investment banking operations, including making Helge Weiner-Trapness head of its financial institutions group and Steven Sun... |
| Nikkei up 0.9 pct, rising 4th day after U.S. data job losses bolstered optimism that theeconomy would not fall back into recession. The benchmark Nikkei gained 85.86 points to 9,199.99. It rose0.6 percent on Friday and added 1.4 percent last week... |
| Australia's Macquarie warns on profit MQG.AX ) warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month... |
| Obama launches big week on economy Tough economic times and aggressive campaigning by the Republicans weigh heavy on President Barack Obama and the Democratic Party. Follow Reuters for complete analysis, opinion and polls ahead of the... |
| Hon Hai shares fall after reports on sales target cut ) iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent... |
| China allows insurers to invest in PE, property SHANGHAI (Reuters) - China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh... |
| China Vows to Boost Imports, Help World Recovery (AP) A Chinese official defended the country's trade record Monday as a top economic adviser to President Barack Obama visited Beijing amid renewed pressure by American lawmakers over Chinese... |
| Oil Slips to Near $74 as US Jobless Rate Rises Oil prices slipped to near $74 a barrel Monday in Asia as a stubbornly high U.S. unemployment rate undermined confidence in stronger demand for fuel. Benchmark oil for October delivery was down 35... |
| Asian Markets Climb After Positive US Jobs Data Stocks in Asia nudged higher in early trade Monday, after shares in the U.S. rose last week on the back of strong jobs data. Japan's benchmark Nikkei 225 stock index was up 1.1 percent, or 96.79... |
| Asian stocks hit 1-month high on US jobs relief SYDNEY: Asian stocks touched one-month highs on Monday after the latest U.S. jobs data pacified for now investors who worried a second recession in the world's biggest economy was nigh. ... |
| Franken ratchets up rhetoric in war against corporate power WASHINGTON - U.S. Sen. Al Franken sees a nation increasingly dominated by powerful corporations, and he doesn't like it. The Comcast-NBC-Universal merger? Franken warns it's a step leading to... |
| Chinese official defends trade policy, says Beijing will boost imports, help world recovery BEIJING - A Chinese official defended the country's trade record Monday as a top economic adviser to President Barack Obama visited Beijing amid renewed pressure by American lawmakers over Chinese... |
| Oil slips to near $74 a barrel in Asia as high US unemployment bodes ill for crude demand SINGAPORE - Oil prices slipped to near $74 a barrel Monday in Asia as a stubbornly high U.S. unemployment rate undermined confidence in stronger demand for fuel. Benchmark oil for October delivery... |
| US Economy: There is only one way out of the recession US Economy: There is only one way out of the recession By Michael Hennigan, Founder and Editor of Finfacts Sep 6, 2010 - 4:18:52 AM ... |
| Bank for International Settlements study says pre-financial crisis debt will continue to fall; May not seriously impact growth See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Global Manufacturing activity eased to 9-month low in August as sector recovery slowed further Global Manufacturing activity eased to 9-month low in August as sector recovery slowed further By Finfacts Team Sep 2, 2010 - 1:39:05 AM ... |
| NTC Expects to Raise 90 Billion Rupees From Mumbai Land Sales Sept. 6 (Bloomberg) -- India’s state-owned National Textiles Corp. raised its estimates for proceeds from land sales after it sold property last month for double the reserve... |
