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December 5, 2008 | 12:44 IST
Published December 4, 2008, 11:14 pm, India Infoline
Japan's Honda Motor said on Friday that it will withdraw from Formula One racing with immediate effect, as it tries to conserve cash and realign its engineering and development resources in a deteriorating global outlook for car sales.
Honda pulls out of Formula One
Published December 4, 2008, 11:13 pm, Times Online
Pummeled by the credit crisis, collapsing global auto markets and an army of angry shareholders, Honda has pulled out of Formula One in a move that deals a huge symbolic blow to the company’s image and could plunge the sport into crisis.
05-12-2008:- Thailand to propose rubber price support
Published December 4, 2008, 11:12 pm, The Edge Daily
BANGKOK: Thailand, the world’s biggest rubber producer, will ask Indonesia and Malaysia to agree to buy the material from farmers at guaranteed prices as the commodity tumbles to a five-year low.
El Paso fighter earns spotlight
Published December 4, 2008, 11:11 pm, El Paso Times
EL PASO -- The boxing world is gathered, inched up on the edge of its collective seats, waiting for Saturday night's Oscar De La Hoya-Manny Pacquaio drama to unfold.
Chugai Pharma Falls After FDA Seeks Data on Actemra (Update3)
Published December 4, 2008, 11:09 pm, Bloomberg
Dec. 5 (Bloomberg) -- Chugai Pharmaceutical Co. fell the most in five weeks in Tokyo trading after U.S. regulators delayed their decision for a second time on whether to approve the company's rheumatoid arthritis drug Actemra.
Cash-strapped Honda quits F1 in bombshell
Published December 4, 2008, 11:08 pm, AFP via Yahoo!Xtra News
TOKYO (AFP) - Honda has announced that it was pulling out of Formula One due to the global financial crisis, raising further concerns over the notoriously expensive sport's future.
Honda Quits Formula One to Cut Costs as Profit Falls (Update2)
Published December 4, 2008, 11:06 pm, Bloomberg
Dec. 5 (Bloomberg) -- Honda Motor Co. withdrew from Formula One racing, cutting at least 20 billion yen ($216 million) in costs after the carmaker slashed its earnings forecast, fired assembly workers and reduced production.
Honda to withdraw from Formula One
Published December 4, 2008, 11:06 pm, CNN
Citing the global economic slowdown, Honda on Friday announced it would withdraw from Formula One participation.
Dollar Heads for Weekly Decline Versus Yen Before U.S. Payrolls
Published December 4, 2008, 11:05 pm, Bloomberg
Dec. 5 (Bloomberg) -- The dollar headed for a fifth weekly decline against the yen, its longest losing streak in four years, before a U.S. report that economists say will show the unemployment rate rose to the highest level since 1993.
Asia Bond Collapse Spurs Borrowers to Repurchase Debt (Update2)
Published December 4, 2008, 11:00 pm, Bloomberg
Dec. 5 (Bloomberg) -- Asian companies are stepping up the pace of debt repurchases as prices fall to record lows. Galaxy Entertainment Group Ltd ., Olam International Ltd.
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