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Business News Headlines |
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What might make the Fed flinch?
06 Sep 2010
WASHINGTON: The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
Obama says his economic policies halted "bleeding"
05 Sep 2010
WASHINGTON: President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
China approached Canadian fund on rival Potash bid
03 Sep 2010
MELBOURNE/TORONTO: Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
China failing to keep WTO access pledges
02 Sep 2010
BEIJING: China has failed to honor promises to the World Trade Organization to open its oil and phone markets, a European business group said Thursday, adding to complaints of worsening conditions for foreign companies.
Zara takes the plunge into crowded online market
29 Aug 2010
MADRID: Europe's largest clothing retailer, Spain's Inditex, is taking its flagship Zara brand online, but it can expect stiff competition from other giants of high-street fashion already well-established in cyberspace.
Dollar loses ground against key currencies
27 Aug 2010
NEW YORK: The dollar fell back against most key currencies on Thursday as traders braced for more negative US economic data.
BHP prepares Potash charm offensive after rich result
26 Aug 2010
SYDNEY: BHP Billiton's chief executive flies to North America this week to crank up the charm offensive with Potash Corp shareholders after dousing expectations he would sweeten a $39 billion bid for the fertilizer giant.
Oil price slides under 72 dollars
25 Aug 2010
LONDON: World oil prices slumped Tuesday, extending five days of losses, with New York crude hitting an 11-week low under 72 dollars per barrel on rising concerns about a weak economic recovery.
China's ZTE wins European mobile network contract
23 Aug 2010
BEIJING: Chinese telecoms equipment maker ZTE has won a 254-million-dollar contract to build a mobile network in Hungary, reflecting the company's growing strength in Europe, a report said Monday.
HSBC seen as front-runner to buy South Africa's Nedbank
22 Aug 2010
HONG KONG: HSBC Holdings Plc (0005.HK) (HSBA.L) has emerged as the frontrunner to buy a controlling stake in Nedbank (NEDJ.J), South Africa's fourth-largest bank, in a deal that could be announced as early as Monday, the Financial Times quoted people familiar with the talks as saying.
Budget analysts see 2010 deficit at $1.3 trillion
20 Aug 2010
WASHINGTON: This year's federal deficit will exceed $1.3 trillion, Congress' official budget analysts projected Thursday in a report underscoring election year perils both parties face as they struggle to balance conflicting demands to trim budget shortfalls, spark the economy and cut taxes.
Target same-store sales weak
19 Aug 2010
CHICAGO: Discounter Target Corp posted uninspiring results while BJ's Wholesale Club Inc missed Wall Street profit estimates and cut its full-year forecast, sending shares in both companies lower.
Taiwan's legislature approves China trade pact
18 Aug 2010
TAIPEI: Taiwan's legislature has approved a landmark China trade pact, bringing the economies of the once bitter foes to their closest point in more than 60 years.
Sale of Yarshagumba on the rise
17 Aug 2010
ILAM: The sale of Yarshagumba or Cordyceps Sinesis has increased in Ilam this year.
500 shops under monitoring
13 Aug 2010
KATHMANDU: The Department of Commerce (DoC) is planning to monitor 500 shops in the current fiscal year. The department had monitored 568 shops in 2009-10.
Government mulls reference price of consumer goods
12 Aug 2010
KATHMANDU: The government is planning to set reference price of consumer goods to curb price hike.
News Corp sells stakes in Chinese TV channels
10 Aug 2010
BEIJING: Rupert Murdoch's News Corp said it will sell a controlling stake in three Chinese TV channels to a fund backed by China's number two broadcaster, marking a major retreat after years of difficulties.
Fiat boss shakes up Italian labour
01 Aug 2010
Fiat boss Sergio Marchionne is shaking up labour relations in Italy by strong-arming unions as he aims to create a global megagroup with US automaker Chrysler.
Euro lifted by data, dollar hit by Fed warning
30 Jul 2010
The euro hit its highest level against the dollar since May on Thursday,
boosted by upbeat data while the US unit was hampered after the US
Federal Reserve warned on the economic outlook.
Fuel crisis as Greek truckers step up strike
28 Jul 2010
Greece's government on Wednesday called crisis talks to deal with a
nationwide fuel crisis as a truckers' strike entered its third day at
the height of the busy tourism season.
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