Archive for April 24th, 2008

Wall Street opens flat amid mixed earnings reports

Thursday, April 24th, 2008

Wall Street inched up Wednesday, after a new round of corporate earnings reports painted a mixed picture. Of the wave of earnings released, Boeing, one of the 30 stocks that make up the Dow Jones industrial average, reported a 38 pe ...

China-DPRK tobacco joint venture set up in Pyongyang

Thursday, April 24th, 2008

With four million euros (6.36 million U.S. dollars) of investment, a tobacco joint venture by China and the Democratic People's Republic of Korea (DPRK) was setup in Pyongyang Wednesday. The joint venture, Pyongyang Paeksan Tobacco ...

OPEC daily prices approach 110 U.S. dollars

Thursday, April 24th, 2008

The daily average oil prices of the Organization of Petroleum Exporting Countries (OPEC) Tuesday reached a new historic high of 109.92 U.S. dollars per barrel (dpb), said the Vienna-based cartel Wednesday. The prices were 0.99 dolla ...

Sony Ericsson sales, income fell in Q1

Thursday, April 24th, 2008

Mobile phone maker Sony Ericsson reported on Wednesday that its sales and pre-tax earnings fell sharply in the first-quarter although the number of shipped units increased. First-quarter sales fell to about 2.7 billion euros (4.3 bi ...

Despite Yahoo Q1 profit, Microsoft takeover bid stands

Thursday, April 24th, 2008

Yahoo Inc.'s first-quarter results eclipsed analyst's forecasts, but not enough to support its demands for software maker Microsoft Corp. to raise its takeover bid above 45 billion U.S. dollars. "This doesn't change the picture much ...

Eurozone industrial new orders up 0.6 percent in February

Thursday, April 24th, 2008

Eurozone industrial new orders rose by 0.6 percent in February, compared with the previous month, the European Union (EU)'s statistics bureau Eurostat said Wednesday. The index increased by 9.9 percent over 12 months ago following ...

Cambodia grants sale of 6,000 tons broken rice to Senegal

Thursday, April 24th, 2008

The Cambodian government has agreed to sell 6,000 tons of broken rice to Senegal as an urgent case, Prime Minister Hun Sen said Wednesday. Senegal required buying the broken rice products from Cambodia in urgent case, Hun Sen said w ...

Minister: New Zealand-ASEAN free trade deal close

Thursday, April 24th, 2008

New Zealand Trade Minister Phil Goff said on Wednesday that free trade talks with the Association of Southeast Asian Nations (ASEAN) may be finished by June. But he warned the Wellington Regional Chamber of Commerce that the deal wi ...