Archive for April 12th, 2008

American Airlines cancels 570 more flights

Saturday, April 12th, 2008

American Airlines, the largest U.S. air carrier, canceled 570 more flights on Friday, or 25 percent of its schedule, leaving tens of thousands of passengers stranded, CNN reported. The move came after the airline failed twice to mee ...

Dollar falls against major currencies

Saturday, April 12th, 2008

The U.S. dollar fell against most major currencies on Friday after a disappointing profit report from General Electric surprised the market and investors doubted whether the G7 summit could bring stability to the financial market. T ...

IMF: Growth in Asia to fall to 6.2% in 2008

Saturday, April 12th, 2008

Growth in Asia as a whole is projected to decline from 7.4 percent in 2007 to 6.2 percent this year, but will rise modestly next year, the International Monetary Fund (IMF) said Friday. "This markdown reflects lower export growth a ...

Deutsche loses EU fine appeal in European court

Saturday, April 12th, 2008

Deutsche Telekom AG failed in its appeal to a European court Thursday seeking to overturn a fine European Union regulators imposed in 2003 for price fixing the damaged Internet and phone rivals over five years. The Luxembourg-based C ...

Tokyo stocks close sharply higher

Saturday, April 12th, 2008

Tokyo stocks closed sharply higher Friday. The 225-issue Nikkei Stock Average climbed 378.43 points, or 2.92 percent, from Thursday to 13,323.73. The broader Topix index of all First Section issues on the Tokyo Stock Exchan ...

U.S. to reconsider anti-dumping taxes on Vietnamese shrimps

Saturday, April 12th, 2008

The United States is reconsidering its imposition of anti-dumping taxes on hundreds of shrimp exporters, including those from Vietnam, local newspaper Vietnam News reported Friday. The Shrimp Association of Louisiana State and U.S. ...

Mongolian president proposes regional summit on NE Asia climate issue

Saturday, April 12th, 2008

Mongolian President Nambaryn Enkhbayar proposed Saturday to hold a regional climate summit to explore effective ways to solve climate headaches in Northeast Asia. At the opening meeting of the Boao Forum for Asia Annual Conference, ...

Macedonia parliament votes to hold early elections

Saturday, April 12th, 2008

Macedonian legislators voted on Friday night to dissolve the parliament and hold early elections after the country's NATO bid was rejected at the alliance's in Romania last week summit. "I can state that the parliament voted its dis ...