Archive for May 19th, 2008

U.S. forecasters see end of economic slide in 2008

Monday, May 19th, 2008

A growing number of economists think the United States is on the edge of a recession or in one already, but also say the worst of the housing slump and credit crunch might come to an end in 2008, although the economy will weaken further, fi ...

S Korean gov’t expects ratification of FTA with U.S. by end of May

Monday, May 19th, 2008

The South Korean government plans to push for the ratification of the free trade agreement (FTA) with the United States by the end of May, said South Korean Knowledge Economy Minister Lee Youn-ho on Monday. "This is a critical issue ...

S Korea, Kyrgyzstan seek agreement on double taxation

Monday, May 19th, 2008

South Korea will discuss a double taxation avoidance pact with Kyrgyzstan this week to boost investment and bilateral exchanges with the resource-rich country, South Korea's Yonhap News Agency reported on Monday. The meeting, the fi ...

Tokyo stocks close higher

Monday, May 19th, 2008

Tokyo stocks closed higher Monday. The 225-issue Nikkei Stock Average went up 50.13 points, or 0.35 percent, from Friday to 14,269.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 8. ...

Spanish power company to invest $8 bln in U.S. renewable energy

Monday, May 19th, 2008

Spanish power corporation Iberdrola will invest 8 billion U.S. dollars in renewable energy in the United Sates between 2008 and 2010, the company said in a statement Sunday. Iberdrola, based in Bilbao, northern Spain, is the world's ...

Europe’s largest bank to tap rising Indian incomes

Monday, May 19th, 2008

HSBC Holdings Plc plans to buy 73.2 percent of IL&FS Investsmart Ltd, an Indian brokerage, for 10.03 billion rupees (235 million U.S. dollars) to tap rising incomes in the world's fastest growing major economy after China. Europe's ...

Microsoft resumes talks with Yahoo!

Monday, May 19th, 2008

Microsoft said Sunday that it has resumed talks with Yahoo! on some kind of cooperation, about two weeks after it withdrew an unsolicited offer to take over the Internet company. In a short statement, Microsoft said it was not propo ...

Clashes kill 51 people in northern Sri Lanka

Monday, May 19th, 2008

The military in Sri Lanka said Monday that 41 Tamil Tiger rebels and 10 soldiers were killed in several clashes in the northern Mannar district on Sunday. The Ministry of Defense said in a statement that the Liberation Tigers of Tam ...