Business News |
| Toyota reports fall in fiscal first-quarter profit Posted: 07 Aug 2008 03:10 AM CDT TOKYO (AP) _ Toyota's fiscal first-quarter profit plunged 28 percent from the previous year as slipping North American sales, a strong yen and rising material costs dented the earnings of the Japanese automaker. |
| Japan Airlines reduces fiscal first-quarter losses Posted: 06 Aug 2008 11:57 PM CDT TOKYO (AP) _ Japan Airlines Corp. reduced its losses for the fiscal first quarter compared to the previous year, thanks to cost cuts such as the use of smaller aircraft and more efficient flight routes. |
| HK-listed Swire Pacific says 1H profit nearly flat Posted: 07 Aug 2008 03:21 AM CDT HONG KONG (AP) _ Hong Kong-listed conglomerate Swire Pacific Ltd. said Thursday its profit was virtually flat during the first half of the year despite stronger sales as record fuel costs hurt the performance of its aviation division. |
| Corporation Bank raises prime lending rate by 50 bps Posted: 07 Aug 2008 03:17 AM CDT MUMBAI (Reuters) - State-run Corporation Bank said on Thursday it has raised its benchmark prime lending rate by 50 basis points to 14 percent with effect from Aug. 11. |
| No clear path to reviving WTO talks: US Posted: 07 Aug 2008 03:14 AM CDT Differences between the United States and leading developing countries India and China that toppled world trade talks last week are too complex to be quickly resolved, a top US trade official said on Wednesday. |
| Single digit inflation by 2008 end: Montek Posted: 07 Aug 2008 03:14 AM CDT India's headline inflation rate, which is ruling at a 13-year high just below 12 per cent, is expected to fall below double-digits by the end of the fiscal year, a top government official said on Thursday. |
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