Archive for February 26th, 2008

Temasek to sell stake in Indonesian bank

Tuesday, February 26th, 2008

Singapore's investment firm Temasek Holdings will divest all shares in Bank International Indonesia (BII) in response to the central bank's single presence policy, local press said Tuesday. The policy, introduced by Bank Indonesia l ...

Lanxess to build 400-mln euro rubber plant in Singapore

Tuesday, February 26th, 2008

Lanxess AG, the German chemical manufacturer spun off from Bayer AG, said on Tuesday that it will invest 400 million euro to build a rubber plant in Singapore. The new chemical facility for synthetic rubber, located at the chemical ...

Indian shares open higher

Tuesday, February 26th, 2008

Indian shares opened higher on Tuesday, with the key Sensex index up 0.84 percent shortly after opening. Sensex rose 148.99 points, or 0.84 percent to 17,799.56 points. Sensex is the common name for the Bombay Stock Exc ...

Nikkei index briefly tops 14,000

Tuesday, February 26th, 2008

Tokyo stocks continued to advance Tuesday morning with the Nikkei index briefly climbing above the 14,000 line. The 225-issue Nikkei Stock Average rose 68.94 points, or 0.50 percent, to 13,983.51, extending Monday's gain of over 400 ...

Increase in tourism to Latvia third-highest in EU in 2007

Tuesday, February 26th, 2008

The number of tourists visiting Latvia increased by 9 percent in 2007 compared to 2006, the third-highest increase in the European Union (EU), the Latvian news agency on Monday quoted Eurostat, the EU statistics bureau, as saying. A ...

Uruguay, EU sign agreement on technology, social programs

Tuesday, February 26th, 2008

Uruguay and the European Union (EU) signed Monday two agreements aimed at boosting the South American country's technological and social development with a total of 33.5 million euros, officials said. The EU agreed to grant 20 milli ...

IMF predicts economic slowdown for Canada

Tuesday, February 26th, 2008

Canada's economic growth will slow down to 1.8 percent in 2008, challenged by a slump in the United States, the high dollar and more moderate domestic demand, the International Monetary Fund (IMF) said Monday. The agency had project ...

Foreign direct investment in Brazil hits record $4.8 bln in January

Tuesday, February 26th, 2008

Total foreign direct investment in Brazil reached 4.814 billion U.S. dollars in January, up from 2.422 billion dollars in the same month last year, and a record high for the month since 1947, the country's Central Bank said in a statement o ...