Archive for January 2010
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Saudi Electricity Co (SEC), the Gulf's largest utility by market value, said its net loss rose 25.6 percent in the fourth quarter, worse than analysts had anticipated. SEC made a net loss of 510 million
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A Dutch parliamentary committee is to start an investigation Monday into the causes of the financial crisis and the remedies applied by the national government.The committee will hear the assessments of many top officials and
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Saudi Electricity Co (SEC), the Gulf's largest utility by market value, said its net loss rose 25.6 percent in the fourth quarter, worse than analysts had anticipated. SEC made a net loss of 510 million
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South Korea's Finance Minister Yoon Jeung-hyun warned on Monday against a hasty withdrawal of stimulus policies, while a senior OECD economist warned the country should not raise interest rates now. The Finance Ministry has been
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Thailand snapped back on to foreign investors' radar on Monday, as HSBC, Korea Development Bank and a local lender jostled for a $900 million stake in seventh-ranked Siam City Bank. Europe's biggest bank and state-owned
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British companies cut advertising budgets in the fourth quarter of 2009 but the rate of decline was at its slowest in nearly two years, a report said on Monday, adding to the improving level of
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Indian and European negotiators will focus on whittling down differences over market access and intellectual property rights when they meet next week to push for a bilateral trade pact, a European diplomat said on Monday.
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Swiss Re said it had agreed to transfer a US life reinsurance contract to Warren Buffett for 1.3 billion Swiss francs ($1.27 billion), allowing it to reinvest capital more profitably elsewhere. Under the deal, the
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Eurostar expects to pay around 10 million pounds (16.3 million dollars) in compensation to more than 100,000 customers affected by the travel chaos when five trains broke down in the Channel tunnel before Christmas, the
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The end of huge economic stimulus packages around the globe threatens a modest recovery in global oil demand this year, an official from the International Energy Agency said on Monday. Governments have spent large to
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