Business and Finance News
- Final overseas appearance coming up for Bush
Phoenix News.Net
Leaders from the Pacific Rim are preparing for their annual APEC economic summit in Lima on the 21st-23rd November.
- San Francisco goes all-out to become electric
Phoenix News.Net
The district mayors of the San Francisco area have projected their ideas for a US$1 billion network of electric car recharging stations.
- US Airways brings back free miles
Phoenix News.Net
US Airways has announced the reinstatement of free miles, which were cancelled when fuel costs were rising.
- Citigroup options placed on the table
Phoenix News.Net
Citigroup has suggested it might sell businesses and shares, as a means of dealing with the market crisis.
- Europe shows itself to the online world
Phoenix News.Net
The European Union has launched a free online library which gives multilingual access to two million digitized books and other items of cultural significance.
- Dow falls more than 400 points for second day in row
Phoenix News.Net
The Dow Jones industrials finished more than 400 points lower Thursday, after a similar fall on Wednesday.
- US Congress delays car bailout plan
Phoenix News.Net
Democrats in the US Congress have been unable to secure the numbers to get auto-industry bailout legislation through Congress.
- Canada court rejects airline fee for obese passengers
Phoenix News.Net
The Supreme Court in Canada has upheld a ruling that obese and disabled people will be able to have two seats for the price of one on domestic flights.
- Colgate-Palmolive riots flare in Nepal
Phoenix News.Net
There has been a massive upheaval at the factory of Colgate Palmolive in Nepal, with the company announcing the sale of the company after 20 years of operations.
- Travel agents want a return to commission structure
Phoenix News.Net
Travel agents associations in India have called on air operators to withdraw the transaction fee system they introduced on to reinstate the earlier five percent travel agents commission.
- Michael Jackson to appear in London court
Phoenix News.Net
Pop legend Michael Jackson will give evidence in person at London's High Court to defend allegations that he owes $7 million to an Arab sheikh.
- African country becomes recipient of US funds
Phoenix News.Net
The government in Ghana has put aside funds for development projects, such as the rebuilding of schools and other buildings destroyed by floods.
- UK government ready to take Royal Bank of Scotland shares
Phoenix News.Net
Royal Bank of Scotland shareholders are due to vote on whether to accept a £20bn government bail-out.
- Best US used cars prices revealed
Phoenix News.Net
An annual projection of US used car prices has shown Honda and Toyota cars have best resale value.
- Alitalia set for transfer to new owner
Phoenix News.Net
The Italian airline, Alitalia, still needs to satisfy the government before the sale to an Italian business group can be completed.
- Tokyo stocks extend losses over Wall Street plunge
Phoenix News.Net
Tokyo stocks extended losses Friday after Wall Street plunged overnight and the global slowdown deepened.
- US Markets plunge, S&P 500 sinks to 11-year low
Phoenix News.Net
US stocks plunged Thursday, with the broadbased Standard & Poor's 500 Index losing 6.7 percent to close at its lowest point since 1997 and economic indicators signalling a recession.
- Dutch bar owners want smoking ban lifted
Phoenix News.Net
Cafe and bar owners in the Dutch town of Tilburg have announced plans to identify smoking inspectors on the Internet.
- Mark Robinson appointed CEO of Citi South Asia
Phoenix News.Net
Mumbai /Hong Kong, (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
- Asian markets resume slide amid mounting US financial woes
Phoenix News.Net
Asian stock markets took heavy losses Thursday, reflecting widespread gloom about US economic troubles and another bad day on Wall Street.
- NZ dairy farmers facing big earnings cut
eTaiwan News
New Zealand's dairy farmers are facing a 24 percent fall in payout for milk this year because of slumping world prices, the Fonterra Cooperative Group said Friday.Milk suppliers to New Zealand...
- Larry Elliott on the oil price drop and its implications
Guardian
Brutal share sell-off in US as oil falls below $50 for first time in 3½ years Wall Street suffers its biggest battering in more than 10 years as fears of long slump continue to stalk the...
- Honda to cut global production through March to deal with slowing demand
Star Tribune
Honda Motor Corp. said Friday it will cut production in Japan and Europe by 61,000 vehicles, as it continues to grapple with slowing global demand. The latest cut means Japan's...
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