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Fed seen holding rates steady as mortgage pain deepens |
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Tuesday, 07 August 2007 |
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WASHINGTON (AFP) - The Federal Reserve is widely expected to keep US interest rates on hold at its meeting Tuesday despite increasing concerns about America's troubled housing and mortgage markets, economists say. |
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S.African petroleum workers end crippling strike |
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Tuesday, 07 August 2007 |
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JOHANNESBURG (AFP) - South Africa's workers in the petroleum sector ended their week-long crippling strike early Tuesday after they signed an 8.5 percent pay rise deal with their employers, their union spokesman said. |
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McDonald's raising wages in China after probe on underpaying part-timers |
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Tuesday, 07 August 2007 |
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SHANGHAI (AFP) - McDonald's is raising wages in China by up to 56 percent, state press said Tuesday, following allegations earlier this year that the US fastfood giant was underpaying local part-time workers. |
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Sharp sues Samsung for alleged LCD patent breaches |
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Tuesday, 07 August 2007 |
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TOKYO (AFP) - Japanese electronics maker Sharp Corp. |
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Dollar slides to four-month-low against euro |
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Monday, 06 August 2007 |
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NEW YORK (AFP) - The dollar dropped to a four-month low Monday against the yen and slid against the euro amid increasing concerns about the US economy on the eve of a Federal Reserve interest-rate meeting. |
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IMF sees gradual appreciation of undervalued yen |
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Monday, 06 August 2007 |
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WASHINGTON (AFP) - Japan's yen continues to appear undervalued and is expected to appreciate over time, supported by reforms to stimulate domestic demand, the International Monetary Fund said Monday. |
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