Archive for April 14th, 2008

World Bank urges action on food prices

Monday, April 14th, 2008

The World Bank and the International Monetary Fund (IMF) urged donors on Sunday to take immediate action to help countries seriously affected by the surging food prices. "We urged donors to provide the needed assistance to the World ...

Food price hike haunts world

Monday, April 14th, 2008

A soaring food price has swept the world and presented a gloomy picture for people, especially those from poor countries. PRICE UP The food price hike virtually started from 2002, but accelerated during the pa ...

London stock market opens lower

Monday, April 14th, 2008

The London stock market opened lower on Monday, following big falls on Asian stock markets amid growing fears over the state of the U.S. economy. The benchmark FTSE 100 index fell 42 points, or 0.7 percent, in the first few minutes ...

Philippine president urges Senate to speed up ratification of trade treaty with Japan

Monday, April 14th, 2008

Philippine President Gloria Macapagal-Arroyo on Monday urged the Senate to speed up ratification of a free trade treaty with Japan, warning that the Philippines might suffer more if it failed to hitch on Japan's economic development wagon. ...

Garuda Indonesia surprised by EU ban extension

Monday, April 14th, 2008

National flag carrier Garuda Indonesia was surprised to hear the European Commission's decision to extend the ban on the airline from entering European territory, local press said Monday. The claimed earlier it had carried out the n ...

American Airlines resumes normal operations

Monday, April 14th, 2008

American Airlines resumed normal operations on Sunday after five days of flight cancellations due to safety inspections ordered by the Federal Aviation Administration (FAA). Over the five-day period, the nation's biggest airline can ...

Toyota tops Indonesian auto market

Monday, April 14th, 2008

Japanese leading auto-maker Toyota Motor Corp. retained its lead in the Indonesian markets with first quarter sales surging 48 percent year-on-year. Toyota's sales jumped to 45,058 units from 30,447 units in the same quarter last ye ...

Portuguese central bank to lower economic outlook

Monday, April 14th, 2008

The Portuguese central bank recently lowered its outlook for the Portuguese economy in 2008 and 2009, and the official after-adjustment figures are expected next week, local media reported on Sunday. The adjustment came as the U.S. ...