| Russian Gas Flow to Turkey via Europe Halted - Minister Istanbul, Tue 06 Jan 2009, 10:54 GMT Russian gas supplies to Turkey from a western pipeline passing through Ukraine have been completely cut, Turkey's Energy Minister said on Tuesday, adding supplies from another pipeline would be raised to compensate. "Gas from the western line was completely halted this morning. Initially it fell to 32 million cubic meters then we were informed that it would drop to 17 million cubic meters and then it was completely stopped," Minister Hilmi Guler told reporters as he arrived at his office. | ||
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| China milk scandal firm Sanlu leases plants to Beijing-based dairy company Hebei, Tue 30 Dec 2008, 16:00 GMT Sanlu Group, which was at the center of China's melamine-tainted milk scandal, has leased its plants to a subsidiary of Beijing Sanyuan Foods Co. Ltd., officials said on Tuesday. Sanlu Group, which was at the center of China's melamine-tainted milk scandal, has leased its plants to a subsidiary of Beijing Sanyuan Foods Co. Ltd., officials said on Tuesday. The two sides signed the lease on Monday, and the Hebei Sanyuan company will soon start production at the plants, which... | ||
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| China to produce 189 million tonnes of crude oil this year Beijing, Sun 28 Dec 2008, 16:00 GMT China is forecast to produce 189 million tonnes of crude oil in 2008, a growth of 1.61 percent over the 186 million tonnes last year, according to a recent report released by the nation's leading oil producer, PetroChina. China is forecast to produce 189 million tonnes of crude oil in 2008, a growth of 1.61 percent over the 186 million tonnes last year, according to a recent report released by the nation's leading oil producer, PetroChina. The production would rank the nation fifth among all oil producing countries... | ||
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| 2009 economic predictions United Kingdom, Wed 24 Dec 2008, 11:54 GMT Interview with Justin Urquhart Stewart Financial pundit Justin Urquhart Stewart talks about the decline in the housing market and makes his predictions for the economy in 2009 | ||
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| Fortis: Leterme aurait-il fait pression? Belgium, Thu 18 Dec 2008, 09:22 GMT Les partis flamands de l'opposition ont demandé la démission du Premier ministre Yves Leterme suite aux informations selon lesquelles lui ou sont cabinet ont tenté d'influencer la justice dans l'affaire Fortis. La lettre du Premier ministre à cet égard n'a pas convaincu, que du contraire. | ||
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| Regering verweert zich tegen Fortis-arrest Brussel, Tue 16 Dec 2008, 09:39 GMT De regering gaat op twee manieren in verweer tegen het arrest dat de verkoop van Fortis aan BNP Paribas bevroor. Enerzijds tekent de regering derdenverzet aan en anderzijds buigt het Hof van Cassatie zich over de zaak. | ||
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| No One Prepared Enough on Global Financial Crisis - OECD Istanbul, Mon 15 Dec 2008, 04:28 GMT Organization for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria said on Monday that the global financial crises will affect all the economies in the world. The Secretary-General Gurria said that some countries have been saying as “We are different…”, “We are far away…”, but no one was prepared enough on the global financial crises. “The reason macro economic consolidation, however, is not going to be enough to shield to Turkish economy from the... | ||
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| Fortis: which will be the reaction of Belgian governement? Belgium, Mon 15 Dec 2008, 16:33 GMT Le Comité ministériel restreint et le Conseil des ministres se réunissent ce soir pour décider des actions en justice que le gouvernement pourrait entreprendre pour contrer l'arrêt de la Cour d'appel de Bruxelles à propos de Fortis. | ||
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| Italy expects more Chinese investors Guangdong, Mon 15 Dec 2008, 16:00 GMT STORYLINE: The Italian Commercial Delegation has arrived at Guangzhou to initiate its business promotion in China. It is the delegation's biggest marketing event in 5 years. The delegation aims to attract more Chinese investment by working with the Italian government to simplify procedures and... | ||
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| Economic issues United Kingdom, Mon 15 Dec 2008, 15:14 GMT Interview with David Buik of BGC Partners David Buik comments on the fall in affordable housing, the fraud allegations in America and the expected inflation announcement for tomorrow. | ||
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| China November consumer inflation eases to 2.4 percent Beijing, Thu 11 Dec 2008, 16:00 GMT China's consumer price index (CPI), the main gauge of inflation, rose at a slower annual rate of 2.4 percent in November, the National Bureau of Statistics (NBS) said here on Thursday. China's consumer price index (CPI), the main gauge of inflation, rose at a slower annual rate of 2.4 percent in November, the National Bureau of Statistics (NBS) said here on Thursday. Rises in the consumer price index (CPI) slowed for seven straight months due to the sharp fall of commodity... | ||
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| Belgium unveils 2-billion economic recovery plan Brussel, Thu 11 Dec 2008, 15:46 GMT Following several European countries, and a few hours before the ultimate French presidency summit, Belgium unveils this thursday a 2-billion economic recovery plan. | ||
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| China economic tone-setting conference ends with vow to maintain stable growth Beijing, Wed 10 Dec 2008, 16:00 GMT China concluded the three-day annual Central Economic Work Conference Wednesday in Beijing with a pledge to maintain stable, healthy growth next year through domestic demand expansion and economic restructuring. STORYLINE: China concluded the three-day annual Central Economic Work Conference Wednesday in Beijing with a pledge to maintain stable, healthy growth next year through domestic demand expansion and economic restructuring. It was agreed at the meeting, 2008 was an extraordinary year for China,... | ||
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| China's aviation industry to keep growth momentum in 2009, airline official Beijing, Wed 10 Dec 2008, 16:00 GMT China's aviation industry is expected to keep an upward momentum in 2009 thanks to the government's strenuous efforts to boost domestic consumption, according to an official of a top Chinese airline. STORYLINE: China's aviation industry is expected to keep an upward momentum in 2009 thanks to the government's strenuous efforts to boost domestic consumption, according to an official of a top Chinese airline. Chen Feng, board chairman with Hainan Airlines Group, China's fourth largest... | ||
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| China's aviation industry to keep growth momentum in 2009, airline official Beijing, Wed 10 Dec 2008, 16:00 GMT China's aviation industry is expected to keep an upward momentum in 2009 thanks to the government's strenuous efforts to boost domestic consumption, according to an official of a top Chinese airline. STORYLINE: China's aviation industry is expected to keep an upward momentum in 2009 thanks to the government's strenuous efforts to boost domestic consumption, according to an official of a top Chinese airline. Chen Feng, board chairman with Hainan Airlines Group, China's fourth largest... | ||
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| Official says China's fuel prices will drop under new fuel-pricing system Beijing, Tue 09 Dec 2008, 16:00 GMT China's existing pump prices will go down a bit as the country begins reform of fuel taxation and refined oil product pricing system, which is expected to take place on Jan. 1 of 2009, an official said in Beijing on Tuesday. China's existing pump prices will go down a bit as the country begins reform of fuel taxation and refined oil product pricing system, which is expected to take place on Jan. 1 of 2009, an official said in Beijing on Tuesday. On Monday, world crude oil recovered from last week's losses and stood... | ||
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| Global Europe Summit London, Tue 09 Dec 2008, 08:45 GMT Gordon Brown talks about having unity on a fiscal stimulus. Prime Minister Gordon Brown, alongside French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso held talks in London yesterday on further action to stimulate the global economy. | ||
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| Global Europe Summit London, Tue 09 Dec 2008, 08:44 GMT Gordon Brown says that countries must now work together to sign a world trade deal. Prime Minister Gordon Brown, alongside French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso held talks in London yesterday on further action to stimulate the global economy. | ||
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| China not to depreciate currency to boost export, Ministry of Commerce Beijing, Sun 07 Dec 2008, 16:00 GMT China will not depreciate its currency in order to boost export, Minister of Commerce Chen Deming said at the Fifth Sino-US Strategic Economic Dialogue press conference. China will not depreciate its currency in order to boost export, Minister of Commerce Chen Deming said at the Fifth Sino-US Strategic Economic Dialogue press conference. Soundbite: Chen Deming, Chinese Minister of Commerce "The renminbi (RMB) exchange rate against the US dollar has recently gone... | ||
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| Turkey Signs Giant Cooperation Agreement with Airbus Istanbul, Fri 05 Dec 2008, 10:38 GMT Turkish Airspace Industries (TAI) and European aircraft manufacturer, Airbus, on Thursday signed a giant deal worth 500 million U.S. dollars in Ankara. Turkish Prime Minister Recep Tayyip Erdogan, French Transport Minister Dominique Bussereau and German Minister of State for Europe Gunter Gloser attended the signing ceremony. Under the agreement, State-owned TAI will design and manufacture ailerons for the Airbus A350 model. Erdogan... | ||
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