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No one immune to global crisis: Microsoft CEO

Oslo, Sept 30: Microsoft Chief Executive Steve Ballmer said on Tuesday no company was immune to the global financial crisis, which he expects to sap

[Business] Global banking shaken by US failure

Cracks are widening in the foundations of the global banking system.Aftershocks from the ongoing credit crisis struck again Monday, with the merger of US financial ...
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[Business] Employers in US start mass job cuts

U.S. employers say they will need to cut more jobs as the economy declines.Job monitors have said companies will soon shed 95,094 jobs, which is ...
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[Business] Dexia bank still well capitalised

On Tuesday, Belgium, France and Luxembourg said they would inject almost 6.4 billion euros into Dexia to keep it afloat.Since then, Dexia's CEO Axel Miller, ...
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[Business] Cinemas borrow money to go digital

Irish SunWednesday 1st October, 2008  In the US, JPMorgan is attempting to raise more than $1 billion to allow 20,000 US cinema screens to switch to ...
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[Business] Argentine government battles with airline owner

Irish SunWednesday 1st October, 2008  In Argentina, a long and bitter legal battle could be about to occur over the re-nationalisation of Aerolineas Argentinas.Once the national ...
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[Business] Supermarket prices go up in vegetable section

Irish SunWednesday 1st October, 2008  Fruit and vegetable prices have risen by up to 30 per cent at leading supermarket chains in the UK over the ...
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[Business] Jobs go in Lehman Brothers fallout

Irish SunWednesday 1st October, 2008  Lehman Brothers' European division has cut 750 jobs.The move has come after announcements were made that the liquidators would try to ...
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[Business] Warren Buffett to spend $3 billion on GE shares

Irish SunWednesday 1st October, 2008  General Electric announced Wednesday that it has reached agreement to sell $3 billion of perpetual preferred stock in a private offering ...
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[Business] Citigroup to take over Wachovia

In a deal announced Monday morning Citigroup will buy the banking operations of Wachovia Corp.The move comes amidst a raft of takeovers, mergers, and government ...
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Air New Zealand announces test flight using new biofuel

(IANS)Air New Zealand will make the world's first commercial aviation test flight powered by fuel created from the seeds of the African jatropha plant next

Nokia Siemens Networks to trim jobs

(IANS)The 50:50 joint venture Nokia Siemens Networks said Tuesday it planned to cut some 1,250 jobs in Finland and Germany as part of cost-cutting measures.The

Credit card pullback during festive season

Holiday season consumers are supposedly trying to limit their credit card purchases this year.A survey conducted for Reuters has shown a total of 88.6 percent

IMF chief calls for coordinated action to tackle financial crisis

IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated

India now top import source for Bangladesh

India has regained the top position as Bangladesh's importing source, beating China, having exported rice worth $874 million last year.Statistics released here last week by

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.On Monday, Tokyo's Nikkei share average surrended

New attraction in Bangladesh: Taka 1000 currency note

(IANS)Bangladesh has introduced new Taka 1000 currency notes and they are much in demand with many heading to street vendors in the capital and even

Another two banks fail in US

Two more failed banks have brought the tally in the US to 19.On Friday, the government closed down Franklin Bank, a Houston, Texas-based bank and

British car sales down, but Tata's Jaguar up

(IANS)Sales of new cars in Britain fell by 23 percent in October - the steepest fall for 17 years - but Tata-owned Jaguar bucked the

IMF releases world forecast

Thursday 6th November, 2008  The International Monetary Fund released its global economic forecast Thursday in the face of a growing credit crisis and predicted a recession
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