New Delhi :: India
| updated Fri Nov 27 16:33:12 -0800 2009
| business-news
The Kiwi is now at five-month lows against the Aussie and three-week lows against the Greenback. The cynics out there will say this has done more to lower the dollar than the most recent monetary policy statement. “Washington-based Eurasia Group...
Abu Dhabi :: United Arab Emirates
| updated Fri Nov 27 20:08:46 -0800 2009
| business-news
Gordon Brown sought to dampen concerns yesterday that the financial crisis in the Middle East, caused by the state-backed Dubai World's request for a standstill agreement on its debt repayments, would lead to widespread panic in global markets. Speaking from...
New York City :: NY :: USA
| updated Fri Nov 27 18:07:01 -0800 2009
| business-news
Wall Street braced for repercussions of the Dubai debt crisis to unfold and for looming key economic data, after winding down a turbulent holiday-shortened week. The Dow Jones Industrial Average edged down 0.9 percent on the week to 10,309.92, snapping...
Nairobi :: Kenya
| updated Fri Nov 27 06:37:45 -0800 2009
| business-news
An Indian vehicle manufacturer has launched its brands in the Kenyan market in a move that is bound to intensify competition. Ashok Leyland joins the list of trucks angling for the growing construction industry that has been boosted by government’s...
ING priced a rights issue intended to raise 7.5 billion euros ($11.2 billion) at 4.24 euros per share, luring shareholders with a hefty discount of close to 40 percent as it looks to pay back state aid. Europe's biggest insurer...
Los Angeles :: CA :: USA
| updated Fri Nov 27 18:35:40 -0800 2009
| business-news
America’s first Twitter Christmas got under way in earnest on Friday. Across the land, retailers and their customers used the social networking site to talk to one another about bargains, problems, purchases and shopping strategies. After buying a new navigation...
The Central Bank and financial regulator closed their public offices today as about 600 workers held a one-day strike in a dispute over working conditions. Workers picketed the Central Bank and regulator’s headquarters on Dame Street in central Dublin after...
ThyssenKrupp, based in Duesseldorf, said it lost euro1.87 billion ($2.8 billion) for its full fiscal year compared with a net profit of euro2.3 billion the previous year. The drop was due to a number of restructuring charges and the impact...
Upland :: CA :: USA
| updated Fri Nov 27 11:27:30 -0800 2009
| business-news
Police say a Wal-Mart store in Southern California closed its doors for several hours before dawn after some Black Friday shoppers began fighting over bargain merchandise...Jim Etchason says officers in Upland, about 40 miles east of Los Angeles, were called...
Mumbai :: India
| updated Fri Nov 27 00:44:53 -0800 2009
| business-news
In this potentially explosive lawsuit against the Indian tech giant, Awasthi alleged that Infosys management routinely disparaged Americans, including her, as not having 'family values', and stated that layoffs in America are good because the jobs will be outsourced.
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