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Archive for the February 3, 2005

  • Mercedes and BMW hit by faulty diesel injection pumps

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Mercedes and BMW hit by faulty diesel injection pumps

    German car makers DaimlerChrysler and BMW continued to be plagued by problems related to faulty diesel injection pumps produced by Robert Bosch on Wednesday, with DaimlerChrysler saying it was halting production not only in Germany,

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  • Poland places two-year bonds despite euro worries

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Poland places two-year bonds despite euro worries

    Poland sold all 2.3 billion zlotys ($740 million) of its 2-year notes on offer at a tender on Wednesday, with demand strong despite warnings from Brussels Warsaw may miss its euro adoption targets. Bond prices

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  • Poland places two-year bonds despite euro worries

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Poland places two-year bonds despite euro worries

    Poland sold all 2.3 billion zlotys ($740 million) of its 2-year notes on offer at a tender on Wednesday, with demand strong despite warnings from Brussels Warsaw may miss its euro adoption targets. Bond prices

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  • US job cuts ease 15 percent

    US employers announced 92,351 layoffs in January, down 15 percent from December's tally, outplacement firm Challenger Gray and Christmas said Wednesday. It was the first month since August that planned job cuts were below 100,000,

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  • India raises foreign investment cap for telecoms

    • News Desk
    • Feb 3rd, 2005
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    India raised the foreign investment cap in telecoms companies to 74 percent from 49 percent on Wednesday, clearing the way for badly needed investment in the world's fastest-growing mobile phone market. The move, a long-standing

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  • German unemployment highest since 1930s

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on German unemployment highest since 1930s

    German unemployment rose in January to the highest recorded level since 1933 as government labour market reforms and seasonal effects added more than half a million people to jobless rosters. German Economy and Labour Minister

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  • Sri Lankan donors put tsunami damage at 4.4 percent of GDP

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Sri Lankan donors put tsunami damage at 4.4 percent of GDP

    Economic damage to Sri Lanka from the tsunami equalled 4.4 percent of gross domestic product, with $1.5 billion needed for recovery and reconstruction efforts, the World Bank said on Wednesday, citing a survey by aid

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  • Despite hopes, pace of WTO talks still glacial

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Despite hopes, pace of WTO talks still glacial

    Top trade officials left Davos at the weekend hoping they had given momentum to global free trade talks, but in Geneva, home to the negotiations, the pace is as glacial as the weather. As a

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  • Britain looks for strategic employment boost

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Britain looks for strategic employment boost

    Britain must revolutionise attitudes to working - with lone parents, the ageing and people on incapacity benefit moving back into employment, the government said on Wednesday. Launching a five-year plan, Work and Pensions Secretary Alan

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  • Fiat-General Motors talks end in stalemate, Fiat shares fall

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Fiat-General Motors talks end in stalemate, Fiat shares fall

    Fiat and General Motors both refused to blink in a stand-off over whether the Italian group can force GM to buy its ailing car unit, raising the threat of a long legal battle and battering

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