Archive for July 9th, 2008
Wednesday, July 9th, 2008
German engineering giant Siemens announced Tuesday that it will cut almost 17,000 positions from its global workforce in an effort to streamline operations.
Siemens plans to slash 4.2 percent of its global 435,000-strongworkforce an ...
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Wednesday, July 9th, 2008
Wall Street saw another choppy session and moved slightly higher Tuesday as oil extended Monday's losses.
Light, sweet crude fell 5.66 U.S. dollars to 135.71 dollars a barrel in early trading on the New York Mercantile Exchange, aft ...
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Wednesday, July 9th, 2008
The state-invested Industrial Bank of Korea (IBK) said it plans to support smaller firms by extending more loans from late July as they are facing greater pressure under the slowing economic growth, Yonhap news agency reported.
"Ami ...
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Wednesday, July 9th, 2008
South Korea will enforce extra energy-saving measures earlier than planned if international crude oil prices surpass 150 U.S. dollars per barrel, Yonhap news agency quoted the Ministry of Strategy and Finance as saying.
According to ...
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Wednesday, July 9th, 2008
Fiat SpA, Italy's biggest carmaker, will close four of its six auto plants in the country for three weeks between September and November because of slumping sales.
The closures will affect factories in Mirafiori, Termini Imerese, Pomigli ...
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Wednesday, July 9th, 2008
Siemens AG, Europe's largest engineering company, plans to cut 16,750 jobs as it seeks to boost profit margins to the level of its competitors.
Siemens aims to eliminate 5,250 jobs in Germany, Chief Executive Officer Peter Loescher said ...
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Wednesday, July 9th, 2008
Energy efficiency and conservation have never been more important than now for China, which has a growing need for energy and faces rising oil prices on the international market, said BP Group Vice-President Gary Dirks yesterday.
"Rising ...
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Wednesday, July 9th, 2008
Ukraine's state oil and gas company Naftogaz said on Tuesday it owes the gas trade intermediary RosUkrEnergo, 50 percent owned by Russian energy firm Gazprom, 897million U.S. dollars.
"As of July 1 this year, the debt of Naftogaz to ...
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