Oil prices wobble on recovery concerns
NEW YORK (AFP) - Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.New York's main contract, light sweet crude for December delivery,...
AFP Finance News -
Saturday November 21, 2009, 8:08 am
Chile airports resume operations after major strike
SANTIAGO (AFP) - Chilean airports resumed normal activity on Friday, after some 2,000 airport workers launched a country-wide strike that caused flight delays, the General Directorate of Civil...
AFP Finance News -
Saturday November 21, 2009, 6:47 am
Boeing starts work on second Dreamliner assembly site
NEW YORK (AFP) - US aerospace giant Boeing broke ground Friday for the second assembly plant for its new 787 Dreamliner aircraft scheduled for its first test flight by the end of the year.The...
AFP Finance News -
Saturday November 21, 2009, 6:32 am
Turkey scraps nuclear power plant tender
ANKARA (AFP) - Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant -- a process that had been under threat of being invalidated by...
AFP Finance News -
Saturday November 21, 2009, 5:11 am
New budget to save Greek economy: prime minister
ATHENS (AFP) - The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime...
AFP Finance News -
Saturday November 21, 2009, 5:06 am
Volkswagen approves Porsche takeover
BERLIN (AFP) - Volkswagen said Friday its supervisory board had cleared the way for its planned takeover of sportscar maker Porsche, as Europe's biggest carmaker ratcheted up the quest to become...
AFP Finance News -
Saturday November 21, 2009, 4:02 am
China boosts world steel output: association
PARIS (AFP) - World steel output rose 13.1 percent in October from the level of output a year earlier, driven largely by production in China, the World Steel Association said on Friday.Production...
AFP Finance News -
Saturday November 21, 2009, 3:23 am
Banks should lend more, curb 'undue' bonuses: ECB
FRANKFURT (AFP) - Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said...
AFP Finance News -
Saturday November 21, 2009, 1:38 am
Oil prices mixed as inventories stay high
LONDON (AFP) - Oil prices dropped on Friday and were likely to stay under 80 dollars because of high energy inventories in the United States, the world's biggest energy-consuming nation, analysts...
AFP Finance News -
Saturday November 21, 2009, 12:44 am
Iberia staff axe strike plans after pay deal: union
MADRID (AFP) - Cabin crews from Spanish airline Iberia on Friday axed plans for a series of one-day strikes in the coming weeks after reaching a pay agreement with the carrier, a union spokesman...
AFP Finance News -
Saturday November 21, 2009, 12:04 am
AOL to shed 2,500 jobs as spinoff from Time Warner looms
NEW YORK (AFP) - Former Internet star AOL said Thursday it is to slash 2,500 jobs, one-third of its workforce, as it prepares to break free from Time Warner after one of the most disastrous mergers...
AFP Finance News -
Friday November 20, 2009, 9:46 am
EU tells Alcoa to repay Italy state aid
BRUSSELS (AFP) - EU regulators on Thursday ordered US aluminium giant Alcoa to repay Italy for state aid received since 2006 in the form of subsidised electricity prices for two smelters.The European...
AFP Finance News -
Friday November 20, 2009, 9:12 am
Kraft Foods targets Cadbury's Russian division
MOSCOW (AFP) - US-based food producer Kraft Foods Inc. is seeking Russia's permission to acquire Russia's Dirol Cadbury company, owned by Britain's Cadbury Plc, the national anti-monopoly agency said...
AFP Finance News -
Friday November 20, 2009, 9:04 am
Ukraine warns European gas supplies under threat
YALTA, Ukraine (AFP) - Ukraine's president on Thursday warned Russian gas supplies to Europe are under threat as Russian Prime Minister Vladimir Putin met Ukrainian counterpart Yulia Tymoshenko for...
AFP Finance News -
Friday November 20, 2009, 8:00 am
VW's SEAT to cut production in Spain: company
MADRID (AFP) - SEAT, the ailing Spanish subsidiary of German auto giant Volkswagen, said Thursday it planned to cut production at its plant in northeastern Spain next year due to a downturn in...
AFP Finance News -
Friday November 20, 2009, 5:07 am
