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- Korea’s won rises on support talk
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South Korea’s won hits a two-week high against the US dollar amid reports that the government had stepped in to support it….
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 23:51
- Korea ’steps in to support won’
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South Korea’s currency, the won, hits a two-week high against the US dollar amid reports that the government had stepped in to support it….
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 23:51
- Dropping the peg
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An Abu Dhabi policy report makes the case for being rid of the Gulf peg to the dollarThe official position of the Gulf Co-operation Council (GCC) that the fixed peg to the US dollar will remain in place until monetary union is achieved has never looked entirely convincing. It has suffered a further blow to its credibility with publication of a report by a department of the Abu Dhabi government suggesting that the time has come for a serious rethink of GCC monetary policy, including revaluation and a shift to a basket of international currencies as an exchange-rate reference point….
Original Source:
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7 July, 2008| massmedia |
Comments (0) @ 23:49
- Heywood warns on profits as U.S. business slumps
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LONDON (Reuters) - Building products maker Heywood Williams Group warned on Tuesday that 2008 profit would be significantly below market expectations after the credit crunch hurt business in its main U.S. and European housing markets.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 23:48
- Asian stocks tumble as credit fears resurface
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HONG KONG (Reuters) - Asian stocks fell sharply on Tuesday after big declines in the shares of Fannie Mae and Freddie Mac due to funding concerns gave investors a painful reminder of the fragility of global credit markets.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 23:46
- Dunelm forth-quarter underlying sales fall
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LONDON (Reuters) - Homewares retailer Dunelm reported a 2.4 percent fall in fourth-quarter underlying sales on Tuesday and said it was assuming trading would get tougher.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 23:43
- Persimmon says no big writedowns
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LONDON (Reuters) - House builder Persimmon said the market remained difficult but it did not expect a significant writedown of the value of its land holdings when its reports first-half results in August.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 23:30
- Persimmon says market tough but no big writedowns
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LONDON (Reuters) - House builder Persimmon said the market remained difficult but it did not expect a significant writedown of the value of its land holdings when its reports first-half results in August.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 23:22
- Terror in Kabul
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What lay behind a devastating attack on the Indian embassy in Afghanistan?WITNESSES said that a blinding cloud of dust filled the air in the minutes after a car exploded in the compound of the Indian embassy in Kabul, Afghanistan’s capital, early on Monday July 7th. The dust cleared to reveal scenes of carnage in which, as with most suicide attacks in the country, Afghan civilians were the main victims. Many of those killed had been queuing for Indian visas; in total 41 people died and 141 were injured. India’s military and press attaches, who were driving into the embassy as the bomber struck, were among the dead….
Original Source:
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7 July, 2008| massmedia |
Comments (0) @ 23:01
- Glaxo to double China R&D staff in few years
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SHANGHAI (Reuters) - GlaxoSmithKline , the world’s second-largest drugmaker, plans to double its research and development staff in China to 350 people in the next few years, an executive said on Tuesday.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 22:42
- Asia stocks sag as credit fears hurt banks
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HONG KONG (Reuters) - Asian stocks fell on Tuesday, weighed by the financial sector after sharp declines in shares of Fannie Mae and Freddie Mac on funding concerns reminded investors about the fragility of global credit markets.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 19:54
- Pioneer says to launch Blu-ray recorders this year
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TOKYO (Reuters) - Japanese consumer electronics maker Pioneer said on Tuesday it plans to launch Blu-ray DVD recorders by the end of the year, taking aim at a rapidly growing market after the end of a bitter format battle.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 18:43
- Recession ‘looming’ for UK firms
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A survey of 5,000 small and medium-sized businesses suggests the UK faces a “serious risk” of recession within months….
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 17:59
- UK firms ’see recession looming’
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A survey of 5,000 small and medium-sized businesses suggests the UK faces a “serious risk” of recession….
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 17:59
- Employers ‘cut back recruitment’
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Demand for permanent staff in the UK fell in June for the first time in five years, a report suggests…
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 17:12
- Employers ‘cutting recruitment’
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Demand for permanent staff in the UK fell in June for the first time in five years, a report suggests…
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 17:12
- Firms’ cashflow weakest in 16 years
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LONDON (Reuters) - Falling sales in a weak home market have left firms facing their worst cashflow situation since records began in 1992, a survey from the British Chamber of Commerce showed on Tuesday.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 16:33
- Why the credit crunch is helping sales of arts and antiques
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The arts and antiques market is being bolstered during the credit crunch by high-value works, says Rics….
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 16:25
- Anheuser raises red flag over InBev’s Cuba unit
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PHILADELPHIA (Reuters) - Anheuser-Busch Cos on Monday raised the political and emotional stakes in its fight against an unwanted $46.3 billion (23.5 billion pound) takeover bid by highlighting its foreign suitor’s ties to Cuba.
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Original Source: feeds.reuters.com
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7 July, 2008| massmedia |
Comments (0) @ 16:15
- Back to the ’70s?
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Rising inflation and oil prices and an economic slowdown…
Original Source: news.bbc.co.uk
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7 July, 2008| massmedia |
Comments (0) @ 15:34