Business and Finance News
- Google ordered to give access to YouTube
Taipei News.Net
Google has been ordered to allow entertainment giant, Viacom, access to details of the video-watching habits of visitors the YouTube website.
- Jobs go in big US downturn
Taipei News.Net
US firms have made redundant 60,000 Americans over the past month.
- Spending power lacking in UK economy
Taipei News.Net
UK consumer spending power has fallen due to a large rise in the cost of living.
- Concorde crash leads to court
Taipei News.Net
An Air France Concorde aircraft which crashed in 2000, killing 113 people, is the subject of a court case in the US, for which people are to stand trial for manslaughter.
- Regulators insist on safety measures for death park
Taipei News.Net
US regulators in the US state of Georgia have said a popular amusement park will have to increase the size and number of warning signs near its roller coaster.
- UAE buys more non-oil products from Saudis
Taipei News.Net
The UAE leads other Gulf States in the import of non-oil products from Saudi Arabia.
- Peru copper miners want slice of the action
Taipei News.Net
Peru copper prices have soared since a nationwide mining strike began on Monday.
- South Korean leader says protestors should stop
Taipei News.Net
South Korean President Lee Myung-bak has warned his government will not tolerate further street protests against US meat imports.
- European central bankers increase rates
Taipei News.Net
The European Central Bank has raised interest rates by one quarter of a percent, from 4.00 to 4.25 percent.
- UK builds two new aircraft carriers
Taipei News.Net
Two new aircraft carriers will be built by the British Government at a cost of US$8 billion.
- Stocks end mixed following jobs, services data
San Diego Union-Tribune
NEW YORK – Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on...
- Oil price hits yet another record
BBC
The price of oil has continued to climb with US light, sweet crude reaching a record closing price and London Brent rising above $146 a barrel. Oil prices have risen significantly since the US...
- Oil falls below $145, awaits Iran response
Reuters
Oil dropped below $145 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a holiday weekend...
- Air France eyes move to railways
BBC
Air France is holding talks on a joint venture that could lead to it offering high-speed rail travel. The airline confirmed reports it was discussing a possible tie-up with Veolia, a French...
- Kimmitt confident in U.S. economic fundamentals
Reuters
Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was...
- Baugur investigates switch to UK
BBC
Icelandic investment group Baugur - the name behind Hamleys and House of Fraser - is considering relocating to the UK. Baugur confirmed it was examining the switch plan after the recent sale of...
- Former Austrian bank boss jailed
BBC
The former head of one of Austria's biggest banks, Bank Fuer Arbeit und Wirtschaft (Bawag), has been jailed for nine-and-a-half years for fraud. Helmut Elsner, 73, Bawag's ex-general director, was...
- Waiting for Microsoft to turn green
The Economist
TWO big things happened at Microsoft this past week. Bill Gates retired from the company after 32 years as co-founder, guiding spirit and undisputed boss. Then, following seven years as its flagship...
- Mortgage rates fall, reversing 5-week streak
San Diego Union-Tribune
Rates on 15-year fixed-rate mortgages dropped to 5.92 percent from 6.04 percent. The five-year adjustable-rate mortgage fell to 5.78 percent from 5.99 percent. The rate on a one-year adjustable-rate...
- Infineon shares up over 5 percent on takeover talk
Reuters
At 5:23 a.m. EDT, Infineon traded 5.5 percent higher at 4.875 euros. It was the leading gainer in Frankfurt's top-30 DAX index and also outperformed the DJ Stoxx European technology index, which was...
- Recession in Asia is
BBC
Growth in Asian economies may slow this year, but a recession is unlikely, according to Haruhiko Kuroda, head of the Asian Development Bank. He said the region's biggest concern was inflation...
- Citigroup cuts earnings forecast
Business Report
2008 Northam Platinum Holdings, the operator of the world's deepest platinum mine, would miss previous earnings estimates because of output problems at its Merensky project, Citigroup said...
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