Economy

Ethanol ‘can cause environmental crisis’

Friday, December 05, 2008 Our correspondent Islamabad The Pakistan Economy Watch (PEW) here on Thursday said the decision to use ethanol as fuel could result in severe food crisis and environmental hazards in the country....

Government Accounts Show Need For Economic Action

WELLINGTON -(Dow Jones)- New Zealand government's fiscal four months accounts indicate the operating balance will become worse before improving, underlining the need to make the economy more productive and competitive, Finance...

Real estate investors decry four-loan limit

52 mins ago

Atlanta-area real estate investors, like their counterparts around the country, say a new four-loan limit is keeping good buyers away from foreclosed properties — and could actually prolong the recession.

Petroleum Politics

Dec 05, 2008 (LBO) - "Especially by July 2008, when oil prices went up to 147 dollar a barrel, a litre of petrol went up to 216 rupees in the international market." "At 216 rupees a litre, a gallon of petrol is 928 rupees,"...

Jeremy Warner: Biotech faces funding crisis

Outlook: A high-level group of entrepreneurs, business leaders and scientists, including Sir Christopher Evans and Sir Richard Sykes, is warning that the financial crisis threatens meltdown in Britain's once-thriving biotech...

Medvedev’s Latin American tour a strategic precedent

With last week's marathon tour of Latin America, President Dmitry Medvedev has outdone his predecessors in the region with four consecutive landmark visits. The trip was seen as an unprecedented occasion to bolster economic...

Chinese ambassador urges deeper mutual understanding to promote China-EU ties

BRUSSELS, Dec. 4 (Xinhua) -- The Chinese ambassador to the European Union (EU) on Thursday called for a more comprehensive and deeper mutual understanding between China and the EU. Song Zhe, head of the Chinese Mission to the...

Global cues boost Sensex

By Our Special Correspondent Mumbai Dec. 4: The market surged over 200 points in the late hour of trade boosted by the strong opening in the European markets and some short covering. The Sensex closed 482.32 points up at...

BRIEF-Bank of America's Lewis remarks on banking sector

Dec 4 (Reuters) - Bank of America Corp: * Corp's ken lewis says it is incumbent on financial industry to balance economic growth and market stability * America's lewis says credit markets that emerge from financial crisis will...

Tokyo stocks advance on bargain buying

Tokyo - Tokyo stocks recovered slightly Friday as investors tried to snap up bargains. The benchmark Nikkei 225 Stock Average gained 53.53 points, or 0.68 per cent, to 7,977.77. The broader Topix index of all first-section...