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Archive for the November 9, 2005

  • US and China reach deal on clothing, textiles

    • News Desk
    • Nov 9th, 2005
    • Comments Off on US and China reach deal on clothing, textiles

    The United States and China reached a three-year agreement on Tuesday to rein in China's booming clothing and textile shipments to the United States, solving an issue that had threatened to cool ties. US Trade

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  • Business, unions, ministers oppose ECB interest rate rise

    • News Desk
    • Nov 9th, 2005
    • Comments Off on Business, unions, ministers oppose ECB interest rate rise

    Finance ministers, business and labour unions ramped up pressure on the European Central Bank on Tuesday to refrain from hiking eurozone interest rates to fight inflation, telling the ECB it risked stifling economic recovery. Ernest-Antoine

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  • US job openings rise

    The number of US job openings increased in September along with the number of separations, the Labour Department said on Tuesday. In its Job Openings and Labour Turnover Survey, the department reported that 3.677 million

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  • ‘Bird flu in EU to hit world meat trade’

    • News Desk
    • Nov 9th, 2005
    • Comments Off on ‘Bird flu in EU to hit world meat trade’

    A major outbreak of bird flu in the European Union's poultry flock could close off exports worth $1 billion, force domestic prices lower but push up world market levels, a UN agency said on Tuesday.

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  • Siemens, Disney in 12-year deal

    German engineering group Siemens AG and Walt Disney Co on Tuesday said they have formed a 12-year strategic alliance that paves the way to broaden their technological collaboration. As part of the deal, Siemens will

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  • De Beers to sell 26 percent of South African unit to blacks

    • News Desk
    • Nov 9th, 2005
    • Comments Off on De Beers to sell 26 percent of South African unit to blacks

    De Beers, the world's biggest diamond producer, will sell 26 percent of its South African unit to a new black-owned firm for about 3.8 billion rand ($567 million) to meet government demands to include more

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  • Trade ministers may have to delay WTO push

    • News Desk
    • Nov 9th, 2005
    • Comments Off on Trade ministers may have to delay WTO push

    Top trade ministers admitted on Tuesday they could have to delay a mid-December deadline for a global deal, although the European Union warned such a move was risky and there was still time to overcome

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  • Taiwan stocks dip; techs fall on worries over first quarter

    • News Desk
    • Nov 9th, 2005
    • Comments Off on Taiwan stocks dip; techs fall on worries over first quarter

    Taiwan stocks ended a touch lower on Tuesday, with losses in big tech shares like United Microelectronics Corp (UMC) as investors worried year-end demand may be weaker than expected. The TAIEX share index ended with

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  • Malaysian shares close slightly lower

    • News Desk
    • Nov 9th, 2005
    • Comments Off on Malaysian shares close slightly lower

    Malaysian share prices closed 0.27 percent lower on Tuesday on concerns about inflation fuelling rising interest rates and the spread of bird flu, dealers said. They added that trading continued to be sluggish amid light

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  • Hong Kong stocks climb

    Hong Kong stocks rose a quarter of a percent on Tuesday as bellwether stocks such as lender HSBC and mobile phone service provider China Mobile were lifted by higher overseas markets. But large property stocks

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