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Archive for  January 2010

    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Bernanke fate in doubt as US Senate opposition swells

    President Barack Obama voiced fresh support Friday for Ben Bernanke's confirmation to a second term as US Federal Reserve chief as doubts grew over Senate support for the nomination. Obama has confidence in Bernanke and

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on UK car production sees biggest rise since 1976

    British car production rose 58.5 percent on the year in December, the biggest rise since May 1976, the Society of Motor Manufacturers and Traders said on Friday. Commercial vehicle production, a smaller sector, rose in

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Iraq signs deal with Eni group for Zubair oilfield

    Iraq signed a final contract on Friday with a group led by Italian oil major Eni to develop the 4-billion-barrel Zubair oilfield, one of a series of deals Iraq hopes will propel it to major

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  • General Electric Co's quarterly earnings topped Wall Street expectations on Friday, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment. The results showed the largest US

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  • General Electric Co's quarterly earnings topped Wall Street expectations on Friday, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment. The results showed the largest US

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  • Eurozone industrial new orders surged more than three times as much as expected in November against October, boding well for economic growth in the last quarter of 2009 and the first three months of this

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Google quarterly net profit up five-fold

    Google on Thursday posted a five-fold rise in quarterly net profit to 1.97 billion dollars as the Internet giant turned its back on the fiscal crisis and faced off with Chinese censors. Google said fourth-quarter

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  • British retail sales volumes rose much less than expected in December, flying in the face of strong trading reports from most retailers over the crucial Christmas shopping season. Many analysts had expected a sales boost

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  • World steel output fell by 8.0 percent last year as the economic crisis pounded major producing countries, but emerging powers China and India bucked the trend, an industry group said Friday. World crude steel production

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    • News Desk
    • Jan 23rd, 2010
    • Comments Off on Obama’s bank plan wins tentative support in Europe

    France, Britain and Germany offered support on Friday for US President Barack Obama's plan to limit banks' size and trading activities but fell short of pledging to follow suit on the proposal that has stunned

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