Archive for April 9th, 2008

Indonesia’s economy predicted to grow by 6.3% in Q1

Wednesday, April 9th, 2008

The Indonesian finance ministry forecast the country's economy would grow on the range of 6.2 percent to 6.3 percent at the first quarter this year, the ministry's fiscal policy agency chief, Anggito Abimayu, said here Wednesday. Th ...

Bralian mining giant sets 86.7% rise in iron pellet price

Wednesday, April 9th, 2008

Brazilian mining giant Vale said Tuesday that Luxembourg-headquartered Arcelor Mittal, the world's largest steel producer, has agreed on an 86.7 percent rise in the iron pellet price for 2008. According to Vale, the world's largest ...

Bear Stearns rescue averted "systemic risk"

Wednesday, April 9th, 2008

Merrill Lynch & Co Chief Executive Officer John Thain said the US Federal Reserve's rescue of Bear Stearns Cos helped avert "systemic risk" to the global financial system posed by the credit market meltdown. The move "has given the ...

Japan’s upper house endorses Shirakawa as BOJ chief

Wednesday, April 9th, 2008

Japan's opposition-led House of Councilors voted Wednesday by 231 to seven in favor of the government's nomination of Masaaki Shirakawa, acting chief of Bank of Japan (BOJ), as BOJ's governor. The decision is set to end the three-we ...

India to invest some $400 mln in Venezuela for oil field

Wednesday, April 9th, 2008

India will invest some 400 million U.S. dollars in Venezuela during the next five years as a result of an accord signed Tuesday in Caracas for the joint exploitation of an oil field in the Orinoco Oil Strip. The accord aims to creat ...

N Zealand’s Reserve Bank chief warns of economic slowdown

Wednesday, April 9th, 2008

New Zealand's Reserve Bank Governor Alan Bollard said Wednesday the country's economy is expected to grow much slower this year with a softening housing market, high dollar and a dairy industry hit by drought. In a speech to the Mar ...

Cambodia lifts ban of rice exports for three provincesl

Wednesday, April 9th, 2008

Prime Minister Hun Sen has lifted the ban of rice exports for three provinces neighboring Vietnam due to their difficulty of processing and storing newly-harvested paddy, English-Khmer language newspaper the Mekong Times reported on Wednesd ...

Rice price at new record

Wednesday, April 9th, 2008

Rice climbed to a record for a fourth day as the Philippines, the biggest importer, announced plans to buy 1 million tons and some of the world's largest exporters cut sales to ensure they can feed their own people. Rice, the staple food ...