Archive for March 19th, 2008

Tokyo rated as the most costly city in Asia

Wednesday, March 19th, 2008

The Swiss Bank UBS survey, conducted every three years and released on Tuesday or March 18, has rated Tokyo as the most expensive city in Asia, which is followed by Seoul, the second; Singapore, the third, and Hong Kong, the fourth, among t ...

Suspect arrested in Chinese student murder case

Wednesday, March 19th, 2008

The suspect who murdered a Chinese student in downtown Paris on March 16 was arrested, according to a statement by Xu Jiangong, the Chinese consulate general to France, on March 18. The suspect was one of two young men arrested at the scene ...

Europe becomes uncomfortable with strong euro

Wednesday, March 19th, 2008

European Central Bank (ECB) board member Lorenzo Bini Smaghi Tuesday defended the bank's role in the aftermath of a warning by European Union leaders over the relentless rise of the euro against the U.S. dollar. Smaghi said the ECB' ...

Venezuelan energy minister: U.S. Exxon Mobil must pay for court case

Wednesday, March 19th, 2008

Exxon Mobil must pay 380,000 British pounds (nearly 767,000 U.S. dollars) in legal costs after a judge overruled the U.S. oil giant's earlier freeze order on billions of dollars of Venezuelan assets, Venezuelan Energy Minister Rafael Ramire ...

Minister: Brazil to supply energy to Argentina

Wednesday, March 19th, 2008

Brazil will supply energy to Argentina during the winter season so as to relieve the neighbor from the energy crisis, Brazilian Minister of Mining and Energy Edison Lobao confirmed Tuesday. According to Lobao, 300 to 400 megawatts o ...

Brazil’s ruling party proposes taxation on big fortunes

Wednesday, March 19th, 2008

Brazil's ruling Workers' Party said Tuesday it will present an amendment to the proposal on tax reform to include taxation on the country's big fortunes. Party leader in the Chamber of Deputies, Mauricio Rands, said the move is aime ...

Qwest offers voluntary buyouts to 700 technicians

Wednesday, March 19th, 2008

Qwest Communications is offering voluntary buyouts to up to 700 technicians and others who work on the phone company's land lines. Based in Denver, Colorado, Qwest is the primary telephone service provider in 14 mostly Western states ...

Try and try again as Fed seeks to calm the market

Wednesday, March 19th, 2008

If this doesn't end the market panic, what will? In a rush of desperate moves - or creative actions, depending on the point of view - the Federal Reserve since last Friday has shown a determination to prevent the US banking system from d ...