Archive for April 16th, 2008

U.S. Treasury panels proposes new guidelines to improve hedge fund disclosure

Wednesday, April 16th, 2008

Two U.S. Treasury committees Tuesday released a set of best practices for hedge fund investors and asset managers to increase their disclosure and risk management practices. The best practices for the asset managers call on hedge fu ...

Dollar higher on strong manufacturing and inflation data

Wednesday, April 16th, 2008

The dollar rose against most major currencies on Tuesday as unexpected strong inflation and manufacturing data suggested the U.S. Federal Reserve may not continue cutting interest rates aggressively. A key regional manufacturing sur ...

Crude-oil sets new record

Wednesday, April 16th, 2008

Crude-oil rose Tuesday to a new trading record of 113.99 dollars a barrel on supply concerns in Russia, Mexico and Nigeria and a weakening dollar. Crude oil for May delivery rallied 2.03 dollars, or 1.8 percent, to close at 113.79 d ...

Dollar trades at upper 101 yen level in Tokyo

Wednesday, April 16th, 2008

The U.S. dollar traded at the upper 101 yen level Wednesday morning in Tokyo. At noon, the dollar traded at 101.65-67 yen, compared with 101.78-88 yen in New York and 100.92-95 yen in Tokyo at 05:00 p.m. Tuesday local time. ...

Brazilian beef import plan opposed in Indonesia

Wednesday, April 16th, 2008

Indonesian government's plan to import beef meat from Brazil meets strong opposition from farmers and veterinarians worrying about the reemerging of foot and mouth disease, local press said Wednesday. A number of major associations ...

Vietnam needs $3.8 bln for seaport development

Wednesday, April 16th, 2008

Vietnam needs some 60 trillion Vietnamese dong (VND) (3.75 billion U.S. dollars) to build seaports from now to 2010, local newspaper Transport reported Wednesday. The country has planned to build 10 seaports, including an internatio ...

Philippines to limit sale of low-priced rice to poor households

Wednesday, April 16th, 2008

The Philippine government said it will set up a new distribution system within two weeks to ensure that only the poor households can buy the subsidized rice at the lowest price, local media reported Wednesday. The subsidized rice, p ...

JVC to end TV business in Japan

Wednesday, April 16th, 2008

Victor Co. of Japan Ltd. (JVC) has decided to end domestic production and sales of flat-panel televisions sometime this summer and concentrate on the European and U.S. markets, media reported Wednesday. As Japan's sixth-largest make ...