Business U S A News
U.S. may lose AAA-rating, Moody’s warns
NEW YORK, — The United States my lose its AAA-rating if it can not control its deficit hike, rating agency Moody’s Investors Service warned on Thursday. ...
Wall Street rallies on better-than-expected earnings
NEW YORK, - Wall Street rallied on Thursday, as better-than-estimated earnings from Travelers Cos., AT&T Inc. and McDonald’s Corp. overshadowed a bigger-than-forecast increase in jobless claims.
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Business E U News
EU posts 49.2-billion-euro current account deficit in 2nd quarter
BRUSSELS, - The current account deficit of the European Union (EU) fell further in the second quarter of this year to 49.2 billion euros (73.75 billion U.S. dollars), official figures showed on Thursday. ...
Business E U News
British economy faces fragile recovery: UK think-tank
LONDON, Britain would face a fragile recovery with the economy growing only 1.3 percent and 1.5 percent in 2010 and 2011 respectively, according to the latest economic review released by the National Institute of Economic and Social Research (NIESR), a British think-tank. ...
Business E U News
British public sector borrowing hits record high in September
LONDON, Britain’s public sector net borrowing reached 14.8 billion pounds (24.2 billion U.S. dollars) in September, a record high for September, the Office for National Statistics (ONS) reported on Tuesday. ...
Business E U News
Major Economies Forum narrows divergence on climate change solutions
LONDON, Major economies have further narrowed the differences on the solutions to climate change after they ended a two-day Major Economics Forum (MEF) here on Monday, though prospects for a new UN climate change pact still remained in the balance. ...
Business E U News
S Korea reports $4.2 bln current account surplus in September
SEOUL, - South Korea’s current account surplus posted 4.2 billion U.S. dollars in September on an increase in cars and semiconductors exports, up from 1.91 billion dollars in the previous month, the central bank said Wednesday. ...
Business Asia and Oceania News
New Zealand dairy giant Fonterra expands investment in Malaysia
AUCKLAND, New Zealand, - The New Zealand dairy products giant Fonterra, has spent 9.8 million NZ dollars (7.3 million U.S. dollars) in upgrading its plant in Kuala Lumpur as a sign of its confidence in the Malaysian market after signing a free-trade agreement with the country at the weekend. ...
Business Asia and Oceania News
S Korean banks raise rates on household loans to 11-year high in Sept.
SEOUL, South Korean banks’ household lending rates grew at the sharpest rate in 11 years and a half in September amid wide expectations on the central bank’s key rate hike, the central bank said Wednesday. ...
Business Asia and Oceania News
Economy is operating at spare capacity: Australian Treasurer
CANBERRA, The latest inflation figures show the economy is operating at spare capacity, Australia’s Treasurer Wayne Swan said Wednesday. ...
Business Asia and Oceania News
Japan’s major automakers sales, exports slump in first half of 2009
TOKYO, - Japan’s major automakers on Wednesday painted a gloomy picture of the first half of the fiscal year for the nation, with both sales and domestic production decreasing year on year, in a further sign that any full economic recovery for the nation will likely take a long time. ...
Business Asia and Oceania News
No trigger for large rate rise from CPI, Australian economists
CANBERRA, The Reserve Bank of Australia (RBA) is unlikely to raise the cash rate by 50 basis points when it holds its board meeting next Tuesday, according to market economists. ...
Business Asia and Oceania News
Philippine central bank to maintain market discipline amid huge fund inflow
MANILA, The Philippine central bank assured Wednesday that market discipline will be maintained and regulatory safeguards will remain in place in the event the flow of foreign funds proves to be overwhelming over the near and medium term. ...
World News
Sarkozy, Obama discuss Iran nuclear issue on phone
PARIS, - French President Nicolas Sarkozy and his counterpart of United States Barack Obama had a telephone conversation Friday on Iran nuclear issue. ...
World News
U.S., Russia, France agree to ElBaradei proposal
VIENNA, The United States, Russia and France Saturday endorsed a proposal by the International Atomic Energy Agency (IAEA) Director General Mohamed ElBaradei on Iran’s nuclear development, but Iran said it needed until next week to respond. ...
World News
World legislators agree to key principles on curbing climate change
COPENHAGEN, - Over 100 legislators from major economies across the world agreed here on Sunday to key legislation principles on curbing climate change. ...
World News
British foreign secretary calls for strong Britain in strong Europe
LONDON, British Foreign Secretary David Miliband on Monday called for a strong Britain in a strong Europe. ...
World News
Swiss Foreign Ministry computer network attacked
GENEVA,- The computer network of the Swiss Foreign Ministry has been the target of a “very professional” attack, the official Swissinfo.ch news website reported on Monday. ...
Cambodia News
The upside-down world of Hun Sen and Thaksin
The Thai government prepared to fend off a “red shirt” army at the Association of Southeast Asian Nations summit, mounting security measures designed to prevent a repetition of the embarrassing scenes that disrupted a similar Asean meeting in Pattaya. ...
Cambodia News
Suthep sets Hun Sen straight on Thaksin
Deputy Prime Minister Suthep Thaugsuban said on Tuesday that he had explained to Cambodian Prime Minister Hun Sen the issues surround ousted premier Thaksin Shinawatra and Mr Hun Sen had promised not to interfere in Thai politics. Mr Suthep said he told Mr Hun Sen during the weekend’s Asean summit that Thaksin had not been unfairly ... ...
Cambodia News
Thais protest in front of Cambodia’s embassy on Thaksin related issue
BANGKOK,- Over 100 Thais protested in front of Cambodia’s embassy here on Tuesday morning as they condemned Cambodia’s Prime Minister Hun Sen, who said earlier Cambodia would not extradite fugitive Thaksin Shinawatra to Thailand. ...
