Archive for February 2005
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US stock investors will look this week at the Chicago purchasing managers' index and the February payrolls report to assess the economy's health, strategists and traders said. Tensions in the Middle East also will get
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A progressive tax scale for municipalities is an option that should be considered, said Finland's Finance Minister Antti Kalliomaki in an interview published on Sunday. "It should be discussed, it should be on the table,"
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Philippine National Bank (PNB), the country's fourth-largest listed private lender, said on Sunday it had sold 4.8 billion pesos ($88 million) of non-performing assets to a consortium of Bank of America Corp and Marathon Asset
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The world's longest land tunnel was completed in Japan Sunday when the last bedrock was blasted away to open the 26.5-kilometer (16.5-miles) route, developers said. However the railway tunnel in the Hakkoda mountains, some 550
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Rebel Deutsche Boerse shareholders are lining up veteran banker Jacob Rothschild to replace Rolf Breuer as chairman of the Frankfurt stock market operator, newspapers here said Sunday. Atticus Capital, a US-based hedge fund which has
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The European Central Bank will keep its interest rates unchanged for the 21st month in succession at next Thursday's governing council meeting and is unlikely to start tightening monetary policy until later in the year,
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India's government is expected to outline broad reforms aimed at sustainable economic growth in Monday's budget but it will have to tread carefully on labour laws and privatisation to keep its communist allies on side.
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Europe is about to become an Internet fixture with the launch of its own extension - the .eu domain - and businesses are girding for the battle to bear the precious two letters. While the
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Ten years after a young trader in Singapore ruined Britain's oldest merchant bank, Asian financial markets are now protected by stronger safeguards against fraud but firms with poor internal controls remain vulnerable, analysts said. Technological
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Iran's economic growth rate fell further behind target in the second quarter of the current Iranian year, but high oil revenues swelled its trade surplus and unemployment fell, Central Bank figures showed on Sunday. Figures
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