Archive for April 3rd, 2008

ASEAN plus 3 discuss global, regional economic difficulty, outlook

Thursday, April 3rd, 2008

Finance and banking senior officials from the 10-member Association of Southeast Asian Nations (ASEAN) and its three partners China, Japan and South Korea are meeting in Da Nang, Vietnam Thursday to tackle the economic issues, among others, ...

Tokyo stocks steadies in morning deals

Thursday, April 3rd, 2008

Tokyo stocks ended little changed Thursday morning. The 225-issue Nikkei Stock Average gained 11.35 points, or 0.09percent, from Wednesday to 13,200.71 after rising over 4 percent to recover the 13,000 level the previous day for the ...

Canadian lawmaker suggests scrapping penny

Thursday, April 3rd, 2008

Citing its uselessness, a New Democrat member of Canada's parliament on Wednesday introduced a private member's bill to kill the penny. "Making cents, in fact, makes no sense at all ... most Canadians believe the penny is an expensi ...

Dollar trades at lower 102 yen level in Tokyo

Thursday, April 3rd, 2008

The U.S. dollar traded at the lower 102 yen level early Thursday in Tokyo. At 9 a.m., the dollar traded at 102.21-26 yen, against 102.30-40 yen in New York and 101.93-95 yen in Tokyo at 5 p.m. Wednesday. The euro was quoted ...

US Treasury ‘flexible’ on housing measures

Thursday, April 3rd, 2008

US Treasury Secretary Henry Paulson indicated the Bush administration is willing to consider congressional plans to stem foreclosures by expanding government guarantees for mortgages. "I think you will continue to see flexibility as we l ...

USAF dismisses Boeing’s complaints

Thursday, April 3rd, 2008

Five issues raised by Boeing Co in a protest against a $35 billion aircraft deal should be thrown out because they were improper or should have been raised before final bids were submitted, the US Air Force said in documents obtained by Reu ...

US state opens center

Thursday, April 3rd, 2008

Georgia yesterday announced it will set up a business advisory center in Beijing, the first in the Chinese capital by a US state, in a move to attract more trade and investment from China. The center will introduce Georgia's opportunitie ...

IMF expects global growth to slow to 3.7%

Thursday, April 3rd, 2008

The International Monetary Fund cut its forecast for global growth this year and said there's a 25 percent chance of a world recession, citing the worst financial crisis in the US since the Great Depression. The world economy will expand ...