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Flaming Ferraris recalled

2010-09-03 16:06:00

Ferrari is recalling more than 1,240 of its cars because of a risk they could burst into flames.

East European companies face slowdown

2010-09-02 14:23:51

"We expect manufacturers to come under increasing pressure into 2011" says emerging-markets economist Oxley.

German banks set to pass stress test - bank sources

2010-07-13 19:03:31

German banks are on track to pass the European stress test, several people close to the banks said, citing preliminary results, and would be therefore unlikely to need immediate recapitalisation.

Signs euro zone crisis may have turned corner

2010-07-12 19:44:41

It's too early to call the end of the euro zone crisis, but signs are growing that Europe may have turned a corner in its struggle to restore financial stability.

European bank tests put focus on capital hikes

2010-07-09 19:48:28

European finance ministers will shift their focus next week onto a possible need for their banks to raise more capital and on who will cover any shortfalls exposed by stress tests -- a sum which Credit Suisse estimated could reach 90 billion euros ($114 billion).

Financial firms boost salaries, cut bonuses - survey

2010-07-08 17:25:44

U.S. and European financial firms have cut back on cash bonuses, moving instead to higher base salaries, a survey released on Wednesday showed.

Renault-Nissan, Bajaj sign pact for new car

2010-07-08 17:22:31

Renault-Nissan Alliance(RENA.PA) (7201.T) and Bajaj Auto(BAJA.BO) on Thursday signed an agreement to manufacture an ultra low-cost car to be sold in India and other emerging markets.

Apple boasts 1.7 mln iPhone 4 sales

2010-06-29 20:00:59

Apple Inc had sold 1.7 million units of the iPhone 4 by Saturday June 26, its most successful product launch yet, the company said on Monday.

Govt frees up petrol prices, hikes other fuels

2010-06-26 16:41:26

The government freed up state-subsidised petrol prices and raised the prices of other fuels as pressure to trim a budget deficit outweighed concerns about the political impact.

China sales to boost Audi over one million

2010-06-25 08:12:09

Volkswagen’s Audi division has said it will sell more than one million cars this year and beat its previously announced earnings targets.

Europeans feeling poorer

2010-06-25 08:06:57

Three quarters of Europeans on average believe that poverty has increased in their country over the past year. The ratio of those who say it is a constant struggle to pay household bills is one in six.

Russia Belarus gas dispute over

2010-06-25 07:41:37

Fears of gas supply cuts to Europe from Russia have been eased after Moscow resumed the flow of gas to Belarus.

Fed waits for recovery to firm

2010-06-24 08:04:25

The US central bank has repeated its pledge to hold interest rates ultra low for “an extended period” to help the still fragile recovery of the world’s largest economy.

IEA: oil supply will meet demand

2010-06-24 07:46:06

Rising supplies will mostly offset higher demand for oil over the next five years according to the latest assessment by the International Energy Agency.

Osborne to reveal UK emergency budget

2010-06-23 09:50:54

Plans to tackle Britain’s record 185 billion euro deficit will be unveiled in parliament today in an emergency budget by the Chancellor of the Exchequer.

Russia and Belarus ‘‘face gas war’‘

2010-06-23 09:38:22

Moscow and Minsk face the prospect of a ‘gas war, Belarus’ President has said.

Mobile phone operators’ setback in trying to buck EU rules

2010-06-18 14:07:03

A price cap on international mobile phone calls within the European Union, imposed by the European Commission is justified, says the EU’s Court of Justice.

German investor confidence slumps

2010-06-16 16:58:01

German investor confidence plunged in June on concern that the sovereign debt crisis will undermine growth prospects in Europe’s biggest economy.

Paris and Berlin offer a vision for EU stability

2010-06-15 12:40:48

France and Germany have laid out their joint vision of how to fix the European economy amid the worst financial crisis for decades.

Euro zone industrial production surges

2010-06-15 12:28:46

Euro zone industrial output surged in April by a record 9.5 percent year-on-year.

AgBank share sale moves closer

2010-06-15 12:25:53

“Bloody Sunday” report out today

2010-06-15 12:14:39

The long awaited inquiry into events in 1972 when 14 people died in Northern Ireland after the British Army opened fire on a civil rights march is to be published later today.

US$ REACHES HIGHEST RATE OF THE YEAR

2010-06-08 16:08:13

Gold, which is seen as the most secure investment in Turkey, saw a record high with the price reaching $1.25 dollars per ounce.

TURKEY, AZERBAIJAN SIGN LONG AWAITED GAS DEAL

2010-06-08 15:13:51

Turkey and Azerbaijan signed a long-awaited deal on the transit of gas to Europe on Monday. The deal is seen as crucial for plans to reduce the continent's dependence on Russian gas.

HONDA FACTORIES REMAIN CLOSED IN CHINA

2010-05-31 18:18:34

Honda Motor Co. said two factories belonging to Chinese joint venture Guangqi Honda would remain closed on Tuesday, while the factory held by Dongfeng Honda and a separate majority-held export-only factory would be idled at least until Wednesday.

BP BEGINS TESTS FOR "TOP KILL" PROCEDURE

2010-05-26 17:46:15

British giant BP PLC began conducting underwater diagnostic tests early on Wednesday, designed to ascertain if a so-called "top kill" procedure could stem the flow of oil from the broken well polluting the Gulf of Mexico.

Japanese GDP spurts 4.9 pc in Q1

2010-05-20 16:52:13

Japan's economy grew 1.2 percent in the first quarter, the biggest expansion in three quarters, on stimulus-driven consumption and solid exports to Asia.

Asian stock markets dip

2010-05-17 17:37:32

Asian markets fell due to the concerns about the debt crisis in Europe.

TURKEY'S CONSTITUTION

2010-05-13 17:49:52

Turkey's main opposition party, the Republican People's Party is going to court to block a government plan to amend the country's constitution..

Slim speaks on Lebanese economy

2010-03-20 15:25:07

Carlos Slim Helu, the Mexican telecom billionaire who was recently announced by Forbes magazine as the world's richest man, is of Lebanese descent. He meets with Lebanese officials in Beirut and gives the country advice on how to improve its economy.

OPEC ministers start meeting

2010-03-17 17:57:38

OPEC oil ministers have started their talks in Vienna.

Wave of consumer price hit Greece

2010-03-15 21:52:17

A wave of new consumer price hikes has hit Greece, ahead of an EU finance ministers meetings in Brussels on the country's debt crisis.

Current account deficit $2.95 billion

2010-03-11 16:15:36

The global economic crisis continues to take a toll on Turkey's finances.

Firefighters and police join strike

2010-03-11 16:15:29

Protesters from various work sectors gathered in Athens as part of a second general strike. They protested against the government's economic austerity plan and called for the measures to be dropped.

Inflation drop in late 2010

2010-03-04 17:55:33

Governor Durmus Yilmaz says Turkey’s Central Bank is “sensitive” to the acceleration in inflation in the country last month. He says the bank expects the inflation rate to remain high until the fourth quarter of this year.

Mixed reactions

2010-03-04 16:45:29

The Greek press reported on the tough times ahead for the country after the government announced further, tougher measures to deal with its economic woes.

Caglayan upbeat about target

2010-03-03 17:52:25

Turkey's foreign trade minister sounded upbeat about the prospects for an increase in country's exports this year, saying that the country targeted to exceed 110 billion USD in 2010.

Istanbul tops unemployment list

2010-03-03 17:45:30

Istanbul ranked highest in unemployment in 2009 among Turkish cities with an unemployment rate of 16.8%.

Two more Turkish officers charged

2010-03-03 17:42:49

An Istanbul court charged two more active duty army officers over an alleged 2003 plot to overthrow the AK PARTY, government, bringing the number of suspects held to 37.

Income gap & poverty key issues

2010-03-03 16:43:07

When the National People's Congress, China's parliament, convenes Friday, maintaining high economic growth and dealing with the country's ever widening wealth gap will be two issues high on the agenda.

Taxi drivers close streets in strike

2010-03-02 16:53:36

Taxi drivers blocked Athens streets with their yellow cabs to stage a rally as part of a strike over the government's economic measures.

Toyoda apologises for recalls

2010-03-01 17:23:17

The President of Toyota, Akio Toyoda offered a sincere apology to Chinese car buyers over Toyota's massive global recall, which has had limited impact in the Chinese market.

Goods imports up by 24.1 pc in Jan

2010-02-26 18:00:05

There are positive signs today about the health of the Turkish economy. The Turkish Board of Statistics says imports of intermediate goods rose up to 8-point-6 billion U-S dollars in January. That constituted nearly 75- percent of Turkey's total imports for the period.

Papandreou speaks on economy

2010-02-26 17:45:46

Greek Prime Minister George Papandreou says he will do whatever it takes to save the economy, no matter how painful. He said no other country will pay for Greece's debts.

Airbus CEO:The project to continue

2010-02-25 16:14:50

The Chairman of the aircraft maker Airbus says an agreement to save Airbus' A-400-M military cargo transport plane is close.

Chavez looks to US and Colombia

2010-02-20 17:39:04

Venezuelan President Hugo Chavez looks to ideological foes U.S. and Colombia to help in Venezuelan electrical shortage and threatens leading Venezuela food firm Polar.

Credit agency raises Turkey's rating

2010-02-20 17:36:05

Standard & Poor's Ratings Services said that it raised its long-term foreign currency and local currency sovereign credit ratings on the Republic of Turkey to 'BB' and 'BB+', respectively.

Maliki encourages inv. in oil sector

2010-02-20 15:51:36

In a move aimed at supporting national investment in its oil sector, Iraq's Prime Minister Nuri al-Maliki said that Iraq will not sign oil agreements with foreign companies in future.

Caglayan meets Syrian moguls

2010-02-19 17:51:19

Turkish State Minister for foreign trade Zafer Caglayan met with the leading businessmen from Syria in Istanbul. It's part of Ankara's efforts to boost trade and commerce between the two countries.

Countries talk on natural gas price

2010-02-19 17:48:56

Russia and Turkey have made new high level deals involving energy.