Archive for March 7th, 2008

Tokyo stocks plunge 3%

Friday, March 7th, 2008

Tokyo stocks plunged over 3 percent Friday. The 225-issue Nikkei Stock Average fell 432.62 points, or 3.27 percent, to 12,782.80. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 39.78 ...

NZ, Samoa sign agreement on WTO accession

Friday, March 7th, 2008

New Zealand signed a market access agreement with the South Pacific island nation of Samoa on Friday as a part of the latter's bid to join the World Trade Organization (WTO), Trade Minister Phil Goff said. The agreement was signed b ...

Japanese central bank maintains key interest rate

Friday, March 7th, 2008

The Bank of Japan (BOJ), the country's central bank, decided on Friday to maintain the benchmark short-term interest rate steady at 0.5 percent in line with market expectations. As uncertainties in the U.S. and global economies grow ...

U.S. pledges to accelerate development of renewable energy

Friday, March 7th, 2008

The United States, as the single greatest energy consumer in the world, unveiled on Thursday its pledges to drive up renewable energy. "The United States pledged to continue its leadership in renewable energy through efforts coordin ...

Brazil’s largest private bank acquires top home stock broker

Friday, March 7th, 2008

Bradesco, Brazil's largest private bank, announced Thursday that it has acquired Agora Holdings, owner of Brazil's leading home stock broker Agora Corretora, for about 830 million reais (494 million U.S. dollars). This will enable t ...

Dollar falls to new 3-year low in Tokyo

Friday, March 7th, 2008

The U.S. dollar fell to a fresh three-year low at the mid-102 yen level Friday morning in Tokyo. At noon, the dollar was quoted at 102.80-85 yen against 102.61-71 yen in New York and 103.56-59 yen in Tokyo at 5 p.m. Thursday. ...

Cambodian PM warns eco-court can curb tourism

Friday, March 7th, 2008

Cambodian Prime Minister Hun Sen has warned that government ministers should be cautious before offering support for a proposed international tribunal for ecological crimes, the Cambodia Daily newspaper said Friday. Cambodia should ...

Japan’s foreign reserves hit new record high

Friday, March 7th, 2008

Japan's foreign exchange reserves posed a monthly increase of 11.94 billion U.S. dollars in February to reach 1.01 trillion U.S. dollars, a new record high for the eighth consecutive month, the Japanese Finance Ministry said on Friday in it ...