News
Samsung infringes patents and trademarked looks of Apple's iPhone and iPad
03:01 19.04.2011 |
Business
Apple Inc. (AAPL) sued Samsung Electronics Co. alleging that the electronics maker’s Galaxy phones and tablet computers infringe patents and the trademarked look of the iPhone and iPad. Samsung is infringing patents related to the way the Galaxy devices operate, including the use of hand gestures on the screen, as well as patents on the color and...
China and New Zealand reach currency swap agreement worth 25 billion yuan
03:29 18.04.2011 |
Business
China and New Zealand signed a currency swap agreement worth 25 billion yuan ($3.8 billion) today, according to a statement posted on the People’s Bank of China’s website. The agreement will last three years and is open to extension, the statement said. The aim is to help boost bilateral trade and investment as well as strengthen financial...
Oil prices hit lowest in two weeks amid tension in Middle East
08:34 13.04.2011 |
Business
Oil traded near its lowest in two weeks on signs prices are damaging fuel demand and that political tension in Middle East may abate. Oil dropped as much as 0.6 percent in London as Libyan rebels said they would accept Turkey’s proposal if it includes an agreement for leader Muammar Qaddafi to relinquish power
Toyota will resume production of cars at all factories in Japan
07:03 09.04.2011 |
Business
The world's top carmaker will resume car production at all its plants in Japan, but at half capacity, from April 18-27. Manufacturing will stop again from April 28-May 9, which includes holidays when factories would normally close.
Gold strikes record high vs. weaker dollar
05:14 08.04.2011 |
Business
Gold struck a record high on Friday, and silver hit $40 an ounce for the first time since 1980, as a weaker dollar and concerns about inflation sent investors piling into precious metals. Silver exchange traded fund holdings jumped to an all-time high and gold holding rose to their largest since mid-March as a surge in oil and other commodity...
Toyota to delay production of 500,000 vehicles owing to shortage of parts
07:31 31.03.2011 |
Business
Toyota Motor Corp. may delay the production of at least 500,000 vehicles in Japan because of a shortage of parts and electricity after the nation’s record earthquake, said an analyst at Advanced Research Japan.
Ratings of 30 Spanish banks downgraded over country's indebted sovereign rating
12:07 25.03.2011 |
Business
The Moody's ratings agency on Thursday downgraded the ratings of 30 Spanish banks, a direct consequence of its decision earlier this month to downgrade indebted Spain's sovereign rating. Moody's said the latest downgrades reflected heightened financial pressures on Spain's sovereign credit and that of "many" weak banks, and decline of the...
