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Business - Oct 31, 2008
Britain's leading share index ended up two percent on Friday, capping its best ever week, despite some big name casualties. The FTSE 100 index rose 85.69 points, or 2.0 percent, to close at 4,377.34, notching up around …
Business - Oct 31, 2008
Unemployment in the euro zone remained stable at 7.5 percent in September, European Union (EU) statistics bureau Eurostat said Friday. The figure was higher than the 7.3 percent registered a year ago, according to …
Business - Oct 31, 2008
A new U.S. Commerce Department report showed the economy contracted by 0.3 percent last quarter, and media reports Friday said it dealt another election blow to the ruling Republican Party. The New York Times noted …
Business - Oct 31, 2008
Brazilian mining giant Vale announced Friday a reduction of 30 million metric tons a year in its iron ore production starting from November as a result of the global financial crisis. The company decided to suspend the …
Business - Oct 31, 2008
Gannett Company, Inc., the largest U.S. newspaper chain, announced Tuesday that it will lay off about 10 percent of its workforce by early December. The move, together with projected job cuts at Time Weekly, New York …
Business - Oct 31, 2008
Ecuadorian Mining and Oil Minister Derliz Palacios on Friday announced an unilateral end to the contract with Spanish oil company Repsol. "Ecuador has decided to end the work relationship with Repsol and we have …
Business - Oct 31, 2008
Police and investigators from the Australian Federation Against Copyright Theft (AFACT) have seized more than 17,000 pirated DVDs and video games after raiding a shopin Sydney's west. Officers seized an illegal DVD …
Business - Oct 31, 2008
The Myanmar authorities have allotted land for 35 more local and foreign information technology companies to work in northern Myanmar's new Yadanabon Myothit cyber city, the official newspaper New Light of Myanmar …
Business - Oct 31, 2008
The New Zealand government announced on Saturday that it will guarantee wholesale bank deposits. Under the scheme, the government will offer a guarantee to overseas institutions which lend money to banks in New …
Business - Oct 31, 2008
Despite the global economic slow-down and the impact of the recent tainted milk crisis, China will remain one of the fastest-growing markets with the biggest growth potential for Swiss food and beverage giant Nestle …