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Monday, 12 May 2008 09:25 AM EET
 
 
Japan Central Bank Raises Interest Rate  22 Feb 2007Financial Services
Encouraged by signs of robust economic growth, Japan's central bank raised its benchmark interest rate by a quarter point to 0.5 percent on Wednesday, judging that price stability and consumer
Zimbabwe Inflation Nears 1,600 Percent  13 Feb 2007Financial Services
Zimbabwe's inflation rate, already the highest in the world, has soared again by more than 300 points to 1,593 percent in January, according to figures from the central statistics office. The
Tycoon Stanley Ho Opens Casino in Macau  12 Feb 2007Financial Services
Thousands of gamblers on Sunday jammed into a new casino owned by a local billionaire who is trying to fend off an invasion by Las Vegas tycoons who have been gobbling up market share in the booming
US Eyes 'Significant Progress' in South Korea Free-Trade Talks  12 Feb 2007Financial Services
The United States and South Korea hope to make "significant progress" in crucial talks launched to frame a free-trade agreement ahead of a looming deadline, a top US negotiator said. The
Vodafone Agrees to Buy Controlling Stake in Hutchison Essar  12 Feb 2007Financial Services
British mobile phone giant Vodafone agreed to buy an 11-billion-dollar controlling stake in India's Hutchison Essar in an attempt to move into the world's fastest-growing mobile phone
Bank of Japan Leaves Interest Rates Unchanged  18 Jan 2007Financial Services
The Bank of Japan confirmed it would leave its benchmark interest rate unchanged at 0.25 percent, deciding against a rate rise in the face of intense pressure from the government. But the policy
Intel Shares Fall  17 Jan 2007Financial Services
Intel Corp. shares fell more than 5 percent on Wednesday after the microchip giant reported a drop in earnings and said this year's gross margins would not improve. The world's No. 1
Stocks Flat After Intel, Economic Data  17 Jan 2007Financial Services
U.S. stocks were little changed on Wednesday as stronger-than-expected producer price inflation in December and disappointing results from technology bellwether Intel Corp. offset a report showing
General Electric to Buy UK's Smiths Aerospace Unit  15 Jan 2007Financial Services
General Electric (GE) has agreed to buy the aerospace business of Britain's Smiths Group Plc for $4.8 billion cash as it seeks to capitalize on a flood of new plane orders and robust U.S.
Honda to Set up Second Plant in India  15 Jan 2007Financial Services
Japan's Honda Motors plans to set up a 200- million-dollar car plant in India to take advantage of the South Asian country's rapidly-growing vehicle market. The new plant will be
Hyundai Workers Begin Partial Strike  15 Jan 2007Financial Services
Unionized workers at Hyundai Motor Co. began a promised partial strike Monday amid a dispute with management over bonuses, a union official said. The walkout, which was approved last week by union
Genentech Inc. 4Q Earnings Soar 75 pct.  11 Jan 2007Financial Services
Genentech Inc. is vowing to keep growing at a double-digit rate for the foreseeable future by continuing to spend billions of dollars annually on research and development of new drugs. Chief
Dow, Nasdaq Poised to Open Steady  11 Jan 2007Financial Services
Stock futures pointed to a steady opening Thursday, with the technology sector again in focus after Cisco Systems Inc. said it's suing Apple Computer Inc. in a trademark dispute over its new
Infosys' Quarterly Profit Up 52.4 Pct.  11 Jan 2007Financial Services
India's Infosys Technologies Ltd. said Thursday its net profit jumped 52.4 percent in the most recent quarter from a year ago on strong outsourcing orders. The company, which writes and develops
Ford Designers Set to do More with Less  9 Jan 2007Financial Services
Ford Motor Co.'s top designers see a conflict between their mission to turn out cutting-edge cars and trucks faster than ever and the struggling company's plans to slash its white-collar
Nasdaq Says Q3 Data Won't Change its View on LSE  8 Jan 2007Financial Services
Nasdaq Stock Market Inc. said on Monday that imminent thirdquarter figures from the London Stock Exchange (LSE.L) would not affect its 2.7 billion pound ($5.2 billion) hostile bid for the British
Agricultural Bank of China in Fund Venture with Credit Agricole  8 Jan 2007Financial Services
France's Credit Agricole and the Agricultural Bank of China have won approval to set up a new fund management joint venture, a state press has reported. The joint venture, which will
Chrysler Sees Sales Growth  8 Jan 2007Financial Services
Chrysler Group expects to reverse its recent sales slump in 2007 as it looks to clinch a cost-savings deal on heath-care with its major union and readies a restructuring plan to be announced in
Nigeria Ventures into Outsourcing Business  5 Jan 2007Financial Services
The Nigerian government has initiated moves to develop a vibrant unified outsourcing business in the country to help Nigerian companies raise work efficiency and competitiveness, a senior Nigerian
J.C. Penney December Same-store Sales up 2.6 pct  4 Jan 2007Financial Services
J.C. Penney Co Inc. said on Thursday its December sales at department stores open at least a year rose 2.6 percent, driven by sales of children's clothing, jewelry and other gift items.

   
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