Saturday, September 13, 2008

Business News

Business News

India's air traffic fall the steepest in four years

Posted: 13 Sep 2008 01:35 AM CDT

India's air traffic reported the sharpest fall in air passengers in the four years since aviation boom started in summer 2004. With constant fare hikes, air passenger demand measured by passengers flown in August shrunk to 17.42 percent compared with 2007.

China's August steel exports rise 63 percent, AS

Posted: 13 Sep 2008 01:27 AM CDT

BEIJING (AP) _ China's net steel exports soared 63.3 percent in August to a record monthly high despite weaker global demand and government curbs, according to data reported Saturday.

Tehran will look for other partners, Iran warns Austrian OMV

Posted: 12 Sep 2008 11:35 PM CDT

Nicosia, Sept 13 (ANI): Iranian Oil Minister Gholam Hossein Nozari on Friday has given a stern warning to Austrian energy firm OMV that unless it signs a deal on the Nabucco gas pipeline soon, Tehran will look for other partners.

Global nuclear energy capacity to increase

Posted: 12 Sep 2008 11:33 PM CDT

Vienna, Sep 13 (DPA) The UN nuclear agency has raised its long-term projections for nuclear power growth, as countries are seeking stable energy prices and energy security. Global nuclear electricity production capacity will rise to between 473 and 748 gigawatts in 2030, the International Atomic Energy Agency (IAEA) has noted in its latest annual outlook on nuclear power.

Fed holds crisis talks as Lehman hunts for buyer

Posted: 12 Sep 2008 11:27 PM CDT

By Glenn Somerville and Patrick M. Fitzgibbons

Fed holds emergency meeting on market developments

Posted: 12 Sep 2008 09:33 PM CDT

WASHINGTON (Reuters) - The Federal Reserve Bank of New York held a meeting on Friday evening with top representatives of major financial market firms to discuss recent market developments, a Fed official said.
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