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Archive for May 4th, 2008ASEAN committed to free trade pact with Australia, NZ: ministerPosted by UK Economy News
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4May 08 ASEAN was showing strong commitment to try to wrap up negotiations on a free trade pact between the regional grouping, Australia and New Zealand, Australian Trade Minister Simon Crean said Sunday.
Read full story Airbus warns clients of more A380 delays, report saysPosted by UK Economy News
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4May 08 Franco-German aircraft maker Airbus has written to clients warning them of more possible delays in deliveries of its A380 superjumbo, a German magazine report said on Sunday.
Read full story Comments Off US car sales shift gearPosted by UK Economy News
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4May 08 While April sales of new vehicles in the United States dropped to their lowest level since 1992, figures also show that US consumers are buying smaller cars with better fuel economy over trucks and sport utility vehicles.
Read full story Comments Off Rush of Microsoft and Yahoo talks preceded endPosted by UK Economy News
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4May 08 After three months of waiting, the end of Microsoft Corp's pursuit of Yahoo Inc ended in a rush.
Read full story Comments Off Party dissent unlikely to halt energy sell-off in Australian state: officialPosted by UK Economy News
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4May 08 Australia's most populous state is set to privatise its electricity industry despite overwhelming opposition from the ruling party's rank-and-file membership, Treasurer Michael Costa said.
Read full story Comments Off Japan’s Toyota to hike prices in North America: reportPosted by UK Economy News
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4May 08 Japanese carmaker Toyota Motor Corp. will raise sale prices in North America this month in a bid to offset rising production costs and the stronger yen, a report here said Sunday.
Read full story Comments Off Pawnbrokers thrive as US economy faltersPosted by UK Economy News
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4May 08 As other businesses struggle in an economic slowdown, US pawnbrokers are thriving thanks to increasing numbers of Americans forced to separate with their family jewels to make ends meet.
Read full story Comments Off Buffett backs Fed over Bear StearnsPosted by UK Economy News
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4May 08 Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase & Co .
Read full story Comments Off ECB to stay on high alert until inflation fades: analystsPosted by UK Economy News
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4May 08 The European Central Bank will stay on high alert for many more months while keeping its main lending rates stable, analysts believe, as inflation poses a bigger threat than signs of an impending slowdown in the 15-nation eurozone economy.
Read full story Comments Off Venture capital quietly coming of age in ChinaPosted by UK Economy News
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4May 08 China is flush with entrepreneurs boasting newly acquired riches, but young investor Chen Hao believes a key ingredient is still missing from the country's modernising economy: more venture capitalists.
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