AMSTERDAM, Jan 13 - Dutch financial services group ING Groep NV will cut 750 jobs, or 7 percent of its U.S. workforce, as part of a global programme to cope with the economic slowdown, ING...
TOKYO - The global economic slowdown has taken an early toll on Formula One, with Honda quitting the high-cost sport to focus more on making and selling cars at the expense of racing them.
SEOUL, April 9 - South Korea's economic downturn is moderating, with consumer goods sales slumping less and output in both the manufacturing and service sectors showing improvements, the central bank said on Thursday. "Some indicators...
COLORADO SPRINGS, Colorado, March 31 - The U.S. economy is in recession, but the satellite industry's prospects are still flying high -- at least for now, military officials and industry executives said on Tuesday. A...
SANTIAGO, March 9 - Latin America will suffer the pinch of global economic crisis for at least the next four years, but will fend off recession in 2009, the chief economist for the Inter-American Development...
Dec. 19, 2008 (China Knowledge) - Poly Real Estate Group Co<600048>, China's second-largest developer in terms of value, said in a statement filed with the Shenzhen Stock Exchange that it has sold approximately 2.35 million...
The global cotton outlook for 2008/09 (August/July marketing year) has changed considerably given the recent economic developments from around the world. Consumer demand for cotton products has slowed, impacting cotton mill use and trade for many countries.
Nov. 17, 2008 (China Knowledge) - Hong Kong-listed Li & Fung Ltd<494>, the world's leading consumer goods exporter, will slash 1,000 jobs and has halted recruitment plan to deal with the negative impact on its...
The sudden closing of a large South China plastic toy factory sent hundreds of workers protesting for back wages, and highlighted the difficulties facing China鈥檚 toy industry.Smart Union (Group) Holdings Ltd., a Hong Kong-based contract toy maker...
SYDNEY, Sept 17 - Australia's economy is on track for a slowdown but not nearly as sharp as previously feared thanks to surprisingly strong company profits, a private index suggested on Wednesday. The annualised growth...