Archive for June, 2008

Top court overturns 15% death sentences

Friday, June 27th, 2008

The Supreme People's Court (SPC) overturned about 15 percent of the death sentences handed down by high courts in the first half of this year, a senior court official said yesterday. The high rejection rate shows how cautious the judicia ...

U.S. economy grows faster in Q1 than expected

Friday, June 27th, 2008

The U.S. economy grew at an annual rate of 1 percent in the first quarter of this year, faster than the 0.9 percent pace estimated a month ago, the Commerce Department reported Thursday. The first-quarter growth rate for gross domes ...

Dollar extends loss as U.S. stocks tumble

Friday, June 27th, 2008

The dollar fell against most major currencies on Thursday, extending losses of the previous session as Wall Street plunged. The dollar continued losing grounds after the U.S. Federal Reserve failed to give a strong signal that it wo ...

Wall Street tumbles on bad economic news, record oil prices

Friday, June 27th, 2008

Wall Street plunged Thursday with Dow Jones closing lowest in nearly two years as a series of bad economic news hit the market and oil prices set a new record at 140 U.S. dollars a barrel. Light, sweet crude for August delivery sett ...

Oil prices hit new record at $140

Friday, June 27th, 2008

Crude futures surged sharply and broke the 140 U.S. dollars level for the first time on Thursday as OPEC predicted oil prices to rise and Libya threatened to cut production. Light, sweet crude for August delivery rose 5.09 dollars t ...

Yahoo shuffles executives as part of major reorganization

Friday, June 27th, 2008

Yahoo on Thursday announced its second major reorganization in less than two years, as the beleaguered Internet company sought to beat back a shareholder revolt that appears to be gaining traction. The shakeup gives new responsibili ...

Survey: China to replace Japan as Asia-Pacific’s largest online shopping market

Friday, June 27th, 2008

China will replace Japan as the largest online shopping market in the Asia-Pacific region in 2010,with 480 million online shoppers spending 1.4 trillion U.S. dollars, a MasterCard survey said on Thursday. The survey, which analyzes ...

France’s consumer confidence hits lowest level yet

Friday, June 27th, 2008

The level of morale among French consumers continued on a downward spiral in June, falling to its lowest level in 20 years, on the backdrop of runaway inflation and fears over a faltering purchasing power, French economists have warned. ...