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World Business
Foreign banks may regret rush out of China
(0 votes)
Thursday, 15 January 2009
BEIJING  - In the scramble to unload their stakes in Chinese banks, international lenders are hurrying out through a door that took years to pry open and may be shut more tightly on them in the future. Such are the needs of UBS, Royal Bank of Scotland and Bank of America for fresh capital that they have been willing to give up or scale back their prized footholds in China's biggest banks for a chunk of cash over the past two weeks. The business imperative for the sales was not lost on China, which is struggling to protect its own banks from the global credit crisis, but Ch...
 
Japan, EU launch new measures to prop up economies
(0 votes)
Friday, 12 December 2008
Japan, EU launch new measures to prop up economies
LONDON - Japan and Europe sought on Friday to prop up their faltering economies after a $14 billion rescue package for America's top auto makers collapsed, deepening the worst financial crisis in ...
 
Urgency versus Panic
(0 votes)
Friday, 21 November 2008
Urgency versus Panic
In the midst of a panicked business environment, my advice to executives is: Calm yourselves, and look at your most precious resource, time and its investment in the context of growing your business. ...
 
Forecasters: U.S. in 14 month recession
(0 votes)
Tuesday, 18 November 2008
Forecasters: U.S. in 14 month recession
NEW YORK (Reuters) – The U.S. economy fell into a recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the ro...
 
Australia lowers rates to 5.25%
(0 votes)
Tuesday, 04 November 2008
Australia lowers rates to 5.25%
Australia's central bank has cut its key interest rate from 6% to 5.25% in an attempt to boost the economy and avert a recession. The reduction was larger than expected, with most analysts having ...
 
Why Canada is not shaking?
(1 vote)
Thursday, 09 October 2008
Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake wor...
 
Major investments in Biofuel coming
(0 votes)
Thursday, 18 September 2008
An official at Svensk Etanolkemi AB, a Swedish biofuels company, said that the company plans to spend $300 million building a plant to convert sugarcane into ethanol in Tanzania, Reuters reported. The...
 
Mengi awapa somo Makamanda wa Zimbabwe
(0 votes)
Wednesday, 20 August 2008
Vyombo binafsi vya habari si adui wa serikali zilizopo madarakani, hivyo vinapaswa kutafsiriwa kuwa ni chachu kwa maendeleo ya nchi na watu wake. Mwenyekiti Mtendaji wa IPP, Bw. Reginald Mengi, aliyas...
 
Zanzibar get 56 Millions USD for Electricity
(0 votes)
Thursday, 14 August 2008
Norway gave Zanzibar 300 million kronors ($56 million) to help the semi-autonomous archipelago lay an undersea power cable linking Pemba Island to mainland Tanzania, the Norwegian Embassy said on Wedn...
 
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