Business

Saturday, 04 July 2009

Breaking Business News

Gold steady above $931 as dollar retreats

Gold Bracelet with precious stone - Jewellry - jewelry store, jeweller - jeweler, goldsmith - investment - golden

London: Gold rose on Friday, steadying above $931 (Dh3,417) per ounce as the dollar lost ground versus the euro, with deeper concerns over the US economic outlook also underpinning the metal. Spot gold stood...

Full Story: Gulf News

BSP ready to act to counter downturn

Bangko Sentral ng Pilipinas - BSP - Central Bank of the Philippines

MANILA, Philippines Governor Amando Tetangco Jr. said the Bangko Sentral ng Pilipinas was willing to implement other measures, besides slashing its key policy rates, to help spur business activities and counter the economic downturn. 'The BSP...

Full Story: Inquirer

British Airways to cut seats, delay acquiring new planes as recession hits passenger numbers Star Tribune2009-07-03

LONDON - British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in...

GMA 7 expanding overseas Inquirer2009-07-03

Most Read Business New mobile network offers lowest call rate MetroPac heats up race for SCTEx Hope for the farmers in 2010 ADB sees poverty on the rise in Asia MacroAsia seen to complete mine...

Beer in can - Beverages - Colt 45 - San Miguel - Red Horse - Grocery shelves

Beerlike beverage price war heats up Daily Yomiuri2009-07-03

Price competition among manufacturers of so-called third-category beer has become even more intense since a major supermarket recently announced it would sell a can of a third-category beer produced...

Jobless people line up in a public employment office in Gelsenkirchen, Germany, Thursday, June 28, 2007. Germany's unemployment rate improved again in June, falling to 8.8 percent from 9.1 percent the month before in a clear reflection of better times in Europe's biggest economy, and raising concerns about labor shortages for some jo

Shorter work week keeps jobless down NZ Herald2009-07-03

4:00AM Saturday Jul 04, 2009 FRANKFURT: Germany's jobless rate edged down to 8.1 per cent in June, official figures showed yesterday, posting a weak seasonal improvement as programmes to put workers...

Nan Shan Life Insurance bid garners wide interest Taipei Times2009-07-04

POTENTIAL BUYERS: : An analyst said that Nan Shan would be a good fit for Chinatrust Financial, which lacks an insurance unit, unlike Cathay Financial and Fubon Financial More than nine interested...

Taiwan ready for dialogue on ECFA: official Taipei Times2009-07-04

TALKS:: The government is preparing to release a study on signing a trade pact with Beijing and engaging in a ‘meaningful’ dialogue via official and unofficial means Amid intensifying political...

Powerchip’s June sales surged on recovering demand Taipei Times2009-07-04

Powerchip Semiconductor Corp (力晶半導體), the nation’s largest computer memory chipmaker, yesterday reported that sales last month reached NT$2.12 billion (US$64.46 million), its highest in eight months,...

Committee approves LNG price increase Taipei Times2009-07-04

To reflect rising fuel cost, the electricity and natural gas pricing committee yesterday approved state-run CPC Corp, Taiwan’s (CPC, 台灣中油) proposal to raise liquefied natural gas (LNG) prices by 8.09...

Future Sinjhuang mall attracts five potential buyers Taipei Times2009-07-04

The sale of a soon-to-be-completed shopping mall in Taipei County owned by a financially strapped appliance maker has attracted the interest of five potential buyers, the deal’s arranger said...

AxunTek to step up production of CIGS thin-film solar cells Taipei Times2009-07-04

AxunTek Solar Energy Co (綠陽光電), the first Taiwanese company to have developed copper-indium-gallium-selenide (CIGS) thin-film technology for green energy, is set to upgrade and expand its...

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