Archive for May 16th, 2008

Indonesian House summons president over planned fuel price hike

Friday, May 16th, 2008

Indonesian House of Representatives Speaker Agung Laksono said Friday he had invited President Susilo Bambang Yudhoyono to a consultative meeting on the government's plan to raise fuel oil prices. "The written invitation for the con ...

Australian PM says Nelson reply "irresponsible"

Friday, May 16th, 2008

Australian Prime Minister Kevin Rudd on Friday accused the opposition of economic irresponsibility in its response to the federal budget. Opposition Leader Brendan Nelson Thursday night delivered his budget reply speech, proposing t ...

Euro zone under calls for single seat in int’l forums

Friday, May 16th, 2008

The euro zone members were called on Thursday to speak in one voice with a single seat in international forums such as International Monetary Fund (IMF). "The euro area must build an international strategy so that it can play a full ...

France’s economic growth accelerates in Q1

Friday, May 16th, 2008

France's gross domestic product (GDP)accelerated sharply during the first quarter of 2008, posting an impressive growth of 0.6 percent compared to 0.3 percent recorded in the last quarter of 2007, the National Institute for Statistics and E ...

BT Group’s net Q4 profit falls, shares rise

Friday, May 16th, 2008

Britain's largest telecommunications company reported a 6.2 percent decline Thursday in its fourth quarter profit because of rising costs and the loss of some wholesale customers to broadband services. BT Group PLC's net profit fell ...

Volkswagen to introduce 230 mpg car in 2010

Friday, May 16th, 2008

American drivers looking for a high-mileage vehicle may want to take pass on the Prius or the Chevy Volt and take a look at new Volkswagen slated for production in 2010. VW has been talking for a long time about its L1 concept, so ca ...

U.S.: more new Internet subscribers chose cable

Friday, May 16th, 2008

Cable companies in the United States reversed a 3 1/2-year trend in the first quarter by signing up more Internet subscribers than phone companies, according to a research report Thursday. The 19 largest cable companies in America ad ...

Report: Japan registers 3.3% economic growth in Q1

Friday, May 16th, 2008

Japan's economy grew at an annualized rate of 3.3 percent in real terms in the January-March quarter, said a government preliminary report Friday. On a quarter-on-quarter basis, Japan's GDP grew by 0.8 percent in the first quarter o ...