Archive for February 2005
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The World Trade Organisation (WTO) on Thursday agreed to a European Union request to examine whether the United States has fully abided by an order to end controversial tax breaks for US exporters, diplomats said.
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Microsoft Corp, the world's largest software maker, said on Thursday it will recall 14.1 million power cords for its Xbox video game console after a defect gave some users minor burns and scorched carpets. Robbie
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EU finance ministers made progress towards loosening budget rules that France and Germany have repeatedly breached, but took Greece to task for running roughshod over the rules for close to a decade. The ministers also
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British retail sales rose more than expected and across a wide range of categories last month as stores cut prices after a sharp fall in business in December. Retail sales rose 0.9 percent in January
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Federal Reserve Chairman Alan Greenspan said on Thursday the US Social Security retirement program is in serious trouble, but avoided saying it was in "crisis" - as President George W. Bush has charged. In response
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Indian state-run gas transmission and marketing giant GAIL Ltd and Iran's NPC International Ltd will set up a $1.5 billion gas cracker plant in Iran, GAIL told the Mumbai Stock Exchange on Thursday. The two
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The International Monetary Fund's board on Wednesday postponed a decision to expel Zimbabwe as a member, but called the government's policies to halt the country's economic decline "insufficient." The IMF board began a process to
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The global economic recovery is set to gather momentum despite problems in Japan, which is suffering stagnation rather than recession, the Organisation for Economic Co-operation and Development (OECD) said on Thursday. In an interim report
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Credit Suisse Group aims to launch a share buyback worth up to 6 billion Swiss francs ($5 billion), the bank said on Thursday, after reporting a better than expected 22 percent rise in fourth-quarter profits.
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Credit Suisse Group aims to launch a share buyback worth up to 6 billion Swiss francs ($5 billion), the bank said on Thursday, after reporting a better than expected 22 percent rise in fourth-quarter profits.
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