Obama, Merkel discuss wars, economy Omaha World-Herald | BERLIN (AP) - Democratic presidential candidate Barack Obama and German Chancellor Angela Merkel discussed the wars in Iraq and Afghanistan as well as climate and energy issues at Germany's chancellery today, part of a tour aimed at lifting the first-term senator's international standing. | Their ...
US car maker reports huge losses Al Jazeera | Ford Motor Company, the US-based vehicle manufacturer, has posted an $8.7bn in quarterly loss, as it wrote down the value of truck and sport utility vehicle (SUV) operations. | The loss was larger than analysts had forecast and sent Ford's shares down by seven per cent in pre-m...
Export sector expected to be the big winner NZ Herald | Alan Bollard gives two conditions for further rate cuts. Photo / Mark Mitchell | The monetary policy easing which is now officially under way is expected to work mainly through the exchange rate and the export sector. | Even though Reserve Bank gov...
Gov't urged to restudy export development plan The Philippine Star | Local businessmen are asking the government to rethink its export development plan and investment priorities approach because the current one is not sufficient to keep businesses and industries competitive. | "We need to triple our approach and foc...
BSP may hike policy rates to encourage capital inflows The Philippine Star | Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. expects policy rate increases to encourage capital inflows into the country. | With inflows from overseas Filipinos keeping reserve levels steady, Tetangco expressed optimism that the coun...
Ate Glue is right about VAT The Philippine Star | I respect Mar Roxas a lot more than Ate Glue. But in this case, I think Ate Glue is right about VAT and Mar Roxas appears to be politicking. Reducing VAT or removing it, isn't going to bring down oil product prices at the pump. Worse, a respected l...
AP / Koji Sasahara
Japanese shares rise on US gains, oil Syracuse | TOKYO (AP) - Japanese shares rose for the third straight session Thursday, lifted by further gains on Wall Street and a continuing slide in oil prices. | The benchmark Nikkei 225...
AVIATION: AIR CANADA Where have all the good buyers gone? Globe and Mail | Robert Milton spent his first few months as Air Canada's top executive fending off a hostile advance from a buyout firm. Later on, private-equity money helped him get the airline...
Inflation effects net incomes of farmers: NCAER The Times Of India | MUMBAI: Inflation raises prices for farm inputs as well as farm products, resulting in uncertain effects on the curre...
Protectionism goes into reverse Asia Times | By Joergen Oerstroem Moeller | SINGAPORE - For more than 60 years the world has labored in the same stony vineyard of dismantling import barriers. Now we are almost there, few of these restrictions still harass international trade. Just when celebr...
U.S. home-sales slump continues; King County off 27% in June from year ago Seattle Times | WASHINGTON - Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. | The National Association of Realtors reported today that sales dropped by 2....
Treasurys rally after housing report, stock tumble Seattle Times NEW YORK - | Treasury prices rose Thursday after the National Association of Realtors reported that sales of previously owned homes fell in June to the lowest level in a decade and stocks snapped a two-day rally. | The Realtors said sales declined la...
Commodities turn lower for 2nd day on crude drop The Examiner NEW YORK (Map, News) - Commodities extended their slide Wednesday as crude oil fell below $125 a barrel, dragging down gold, soybeans, wheat and other hard assets as traders shifted money into equities. | Crude dropped about $4 a barrel, bring total losses from the last seven trading days to more than $20 a barrel, or 14 percent. The steep decline ...
On first leg of his European tour, Obama discusses war and economics with German leader Star Tribune | BERLIN - Democratic presidential candidate Barack Obama and German Chancellor Angela Merkel discussed the wars in Iraq and Afghanistan as well as climate and energy issues at Germany's chancellery Thursday, part of a tour aimed at lifting the first-term senator's international standing. | Their meeting featured "very open" and wide-rang...
Japanese shares rise on US gains, oil Syracuse | TOKYO (AP) - Japanese shares rose for the third straight session Thursday, lifted by further gains on Wall Street and a continuing slide in oil prices. | The benchmark Nikkei 225 index increased 290.38 points, or 2.18 percent, to close at 13,603.31. | "The index was supported by external factors such as a rise in the U.S. market and falling oil p...
