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British pound shows strength against majors
Published December 5, 2008, 12:45 am, INO News
(RTTNews) - During early deals on Friday, the British pound showed strength against its major counterparts. Amid slowing inflation, the Bank of England cut the bank rate by 100 basis points to rescue the British economy from falling into a deep and prolonged recession.
Auto industry sinks deeper into crisis
Published December 5, 2008, 12:39 am, The West Australian
Deepening turmoil in the global auto industry depressed investor sentiment on Friday as the fate of the Big Three US automakers hung in the balance and cash-strapped Honda quit Formula One.
Swedish Debt Office Gives Export Co SEK100B Lending Facility
Published December 5, 2008, 12:35 am, The Forex Market
STOCKHOLM (Dow Jones)--The Swedish National Debt Office said Friday it has provided Swedish Export Credit Corporation ("SEK") with a borrowing facility of up to SEK100B.
ARCF matching funds for donations
Published December 5, 2008, 12:33 am, Maumelle Monitor
Arkansas Community Foundation has announced a unique ARCF Community Giving Stimulus Program: For every $2 donated by Arkansans to a list of about 150 nonprofit organizations who address hunger throughout Arkansas, ARCF will donate $1 up to a total of $100,000.
DATA SNAP: Hungarian Output Decline Deepens On Car Indus
Published December 5, 2008, 12:22 am, The Forex Market
BUDAPEST (Dow Jones)--The fall in Hungarian industrial output deepened in October as car industry exports started to fall significantly, the Central Statistics Office, or KSH, said Friday.
Hungary's Nov Foreign Reserves EUR22.88B Vs Oct EUR17.80B
Published December 5, 2008, 12:22 am, The Forex Market
BUDAPEST (Dow Jones)--Hungary's foreign currency reserves rose significantly to EUR22.88 billion at the end of November from EUR17.80 billion at the end of October, the National Bank of Hungary said Friday.
UPDATE 3-South Korea eyes steps to revive demand for autos
Published December 5, 2008, 12:20 am, The Forex Market
SEOUL, Dec 5 (Reuters) - South Korea pledged on Friday to support the country's carmakers, sending shares in the industry sharply higher, as the government tries to dodge a recession by reviving demand in Asia's fourth-largest economy.
Companies getting head start on new Colorado energy rules
Published December 5, 2008, 12:12 am, The Aspen Times
DENVER - Energy companies are leery of Colorado's overhaul of oil and gas regulations, but they're trying to get a head start on rules for protecting wildlife and the environment before they take effect.
New roads to be constructed on BOT basis: Dhindsa
Published December 5, 2008, 12:11 am, New Kerala
Rupnagar, Dec 4 : All the new major roads in Punjab would be constructed on Build, Operate and Transfer (BOT) basis only, said PWD Minister Parminder Singh Dhindsa.
HM Revenue & Customs, L&G and 118 118 shed jobs in Wales
Published December 5, 2008, 12:07 am, icWales
HUNDREDS of white-collar public-sector jobs are to be cut in areas where the EU is spending £1.7bn on boosting employment.
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