US Economy Is ‘Picking Up’ & Out Of Recession
US Federal Reserve Chairman says US economy is ‘picking up’ & out of recession. Still, interest rates to remain at record low 0-0.25%-report-JNW
September 24, 2009 at 12:11 pm
International Business Archive
Oil Prices Fell To $50 Barrel In Asia
Oil prices fell toward $50 a barrel in Asia as investors mulled comments from OPEC suggesting the price was too low-JNW
April 27, 2009 at 9:09 am
Shanghai Motor Show Gets Under Way In China
The Shanghai motor show gets under way in China with several companies including Porsche unveiling new cars for the massive market-JNW
April 20, 2009 at 3:21 pm
China’s GDP Growth Drops
China’s annual GDP growth falls to 6.1% in last quarter vs 6.8% in last three months of 2008, the weakest since quarterly records in 1992-JNW
April 16, 2009 at 4:10 pm
US Light Crude Down
6 cents to $49.35, Brent oil down 17 cents to $51.79 as a drop in US retail sales renews fears about falling demand-JNW
April 15, 2009 at 4:30 pm
Russia Would Be Hard Hit By Low Price Of Oil
World Bank predicts Russia, a major oil producer, would be hard hit by the low price of oil shrinking its economy by 4.5% this year-JNW
March 31, 2009 at 7:27 am
US Stocks Enjoy As Citigroup Announces Profit
US stocks enjoy their best day after three months (S&P 6.4%) as banking giant Citigroup announces profit for Dec & Jan, share jumps 38%-JNW
March 11, 2009 at 7:39 am
Sony’s Net Profit Plunged 95%
Sony’s net profit plunged 95% in Oct-Dec quarter from a year earlier due to poor sales of TVs, digital cameras & mobile phones-JNW
January 29, 2009 at 3:02 pm
IMF Warns World Economic Growth Is To Fall
International Monetary Fund warns that world economic growth is set to fall to just 0.5% this year, the lowest since World War II-JNW
January 29, 2009 at 8:21 am
Global Political Leaders Gather For World Economic Forum
Global political leaders and business people gather for the annual World Economic Forum in Davos; Russian & Chinese PMs to speak today-JNW
January 28, 2009 at 3:08 pm
Yahoo Experiences Losses
Yahoo reported a loss of $303 million in the final three months of 2008 as the economic downturn hit sales of online ads-JNW
January 28, 2009 at 8:22 am
Biggest Drugmaker Pfizer Inc To Buy Competitor Wyeth
Biggest drugmaker Pfizer Inc will buy competitor Wyeth for $68b in the largest pharmaceutical acquisition since Glaxo bought Smithcline in 2000-JNW
January 27, 2009 at 8:38 am
Oil Prices Fell Below $46/bl In Asia
Oil prices fell below $46/bl in Asia after White House warned the US recession likely worsening in coming months, undermining demand for crude-JNW
January 26, 2009 at 3:11 pm
Ford Motor Co Says Has Enough Liquidity
Ford Motor Co says it has enough liquidity to fund its restructuring and still sees no need for a govt loan, also it raised $23b in 2006-JNW
January 26, 2009 at 7:31 am
Dollar Touched 23-Year High Against Sterling
Dollar touched a 23-year high against Sterling & six-week high versus Euro as investors took refuge in the dollar on weak UK, euro zone data-JNW
January 25, 2009 at 3:45 pm
China Official Dismisses US Currency “Manipulation” Comment
A top China Central Bank official dismissed US Treasury Secy’s comment that President Obama believes Beijing “manipulates” its currency-JNW
January 25, 2009 at 8:21 am
Dow -2.5% In 7 Days; Google Up, GE -11%
US Dow fell 2.5% last 7 days; Google rose on earnings, financial firms ticked up on chances of govt aid but General Electric fell 11% on results-JNW
January 24, 2009 at 7:13 am