Archive for June 3rd, 2008

London stock market posts modest rise

Tuesday, June 3rd, 2008

The London stock market posted a modest rise in Tuesday's early trading, recovering some of the ground lost on Monday after banking shares dropped sharply. By 0930 GMT, the benchmark FTSE 100 index was up 11.3 points, or 0.19 percen ...

World leaders meet on soaring food prices

Tuesday, June 3rd, 2008

World leaders gathered in Rome Tuesday for a three-day summit, seeking ways of tackling soaring food prices and helping millions of people in the fight against hunger. The summit, hosted by the United Nations Food and Agriculture Or ...

Fitch: China’s economy to weather through quake

Tuesday, June 3rd, 2008

The international rating agency, Fitch, believes that neither this year's heavy snow nor strong earthquake will have much of a negative impact on China's economy. In an interview with People's Daily Online Tuesday, James McCormack, Fitc ...

UN chief calls for immediate lift of restriction on food exports

Tuesday, June 3rd, 2008

Some countries should immediately lift restrictions on food exports amid higher prices, UN Secretary General Ban Ki-moon said on Tuesday. "Some countries have taken action by limiting exports or by imposing price controls ... They o ...

Societe Generale to replace head of loss-making subsidiary

Tuesday, June 3rd, 2008

France's Societe Generale has announced that the head of its Finance and Investment Bank, the subsidiary whose operations resulted in a record loss early this year, will be relieved of his duties during the third quarter of 2008. "J ...

UN chief calls for immediate lift of restriction on food exports

Tuesday, June 3rd, 2008

UN Secretary General Ban Ki-moon called for immediate lift of restriction on food exports on Tuesday as world leaders opened a three-day summit in Rome in a global response to soaring food prices. "Some countries have taken action b ...

Mugabe will address UN food summit

Tuesday, June 3rd, 2008

Delegations from 162 countries gathering in Rome to seek ways out of a global food crisis, will be addressed Tuesday by President Robert Mugabe of Zimbabwe, according to local media reports. Mugabe is in the Italian capital for an i ...

U.S. troops capture suspected militia leader in Iraq

Tuesday, June 3rd, 2008

U.S. troops in Iraq on Tuesday captured a suspected Shiite militia leader and five associates during an operation in the city of Kut, the capital of Wasit province, the U.S. military said. Acted upon intelligence reports, the troops ...