- Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They - Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e - Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009
By Sarah Marsh and Noah Barkin
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German - Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who - Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an - Kurdish student's execution halted in Iran | 27 December 2010
- S.Korea, Japan eye World Cup at E.Asian meet | 6 February 2010
- Ex-CNN sportscaster Nick Charles dead at 64; battled bladder cancer | 26 June 2011
- Kuwaiti court upholds acquittals in U.S. base plot | 29 October 2010
">Forum Views () ">Forum Replies ()
Read more with google mobile : Global recession fears deepen as thousands of jobs axed
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Global recession fears deepen as thousands of jobs axed AFP - 1 hour 53 minutes ago HONG KONG (AFP) - - Global economic fears deepened on Thursday as Chinese computer giant Lenovo and Japanese component maker TDK Corp. axed thousands of jobs and South Korea warned it was on the brink of recession. Amid further lay-offs in Europe and the United States, Lenovo, the world's fourth-biggest personal computer maker which had seen double-digit growth in profits until the third quarter of last year, said it would shed 2,500 workers -- roughly 11 percent of its global head count. "We are taking these actions now to ensure that in the uncertain economy, our business operates as efficiently and effectively as possible and continues to grow in the future," board chairman Yang Yuanqing said in a statement. The company's shares plunged 20 percent on the Hong Kong market Thursday, after being suspended Wednesday pending the release of the profit warning. The depth of the job cuts heightened fears about the health of the Chinese economy, with Lenovo admitting China's recent slowdown "affected what has historically been a major market for the group." TDK Corp. shed 8,000 workers Thursday and announced the closure of four overseas plants in a bid to cope with the economic crisis. Chinese shares closed 2.38 percent down amid continued selling in banks on worries big investors will offload more financial shares, dealers said. In Hong Kong, similar worries led share prices to finish 3.8 percent lower. The concern over job losses was compounded by the announcement that 600,000 migrant workers left south China's industrial heartland last year amid shrinking exports and factory closures in Guangdong province. And in South Korea President Lee Myung-Bak called for "pre-emptive" government steps as new official data showed Asia's fourth largest economy teetering on the brink of recession. A monthly economic outlook report from the ministry of strategy and finance cited falling production and "anaemic" domestic demand and exports. South Korean exports plummeted 17.4 percent year-on-year in December, with the contraction likely to accelerate in January, the report said. Industrial output fell 14.1 percent year-on-year in November, the biggest ever year-on-year contraction, it added. Australia's largest investment bank Macquarie Group added to the gloom with a warning to investors that exceptionally challenging market conditions in the December quarter would hit profits. The financial crisis sent its net profit for the half year to September 30 plunging 43 percent to 604 million dollars, while it also reported significant restructuring costs, provisions and writedowns as a result of the turmoil. Macquarie's shares slumped 5.4 percent following the news. On the back of Thursday's announced job losses, TDK Corp. forecast a net loss of 28 billion yen (301 million dollars) for the financial year to March 2009 due to the stronger yen and tough business climate. Japan share prices closed down 3.93 percent, snapping a seven-day winning streak after grim economic and corporate news triggered heavy losses on Wall Street overnight. Prime Minister Taro Aso warned that a tumbling dollar was damaging for Asia's biggest economy, which has large stockpiles of the currency. The dollar weakened against the euro and the yen Wednesday amid increasing concerns over job losses in the United States, notably a report showing the US private sector lost 693,000 jobs in December. In Washington, US president-elect Barack Obama was expected to unveil more details of his economic stimulus plan Thursday, warning that drastic action is needed to shrink a record trillion-dollar US budget deficit. The non-partisan Congressional Budget Office warned the year-old recession would "last well into 2009," making it the longest US contraction since World War II. "Wall Street has not worked, our regulatory system has not worked the way it's supposed to," Obama said in an interview with CNBC, vowing a "substantial overhaul" of US financial markets. European workers are also feeling the brunt of the global recession, with official data showing that the number of people out of work in Germany rose by 114,000 in December to 3.1 million. Analysts expect the Bank of England later Thursday to intervene and cut its key interest rate to the lowest ever level. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Sarkozy, Merkel, Blair call for new capitalismAP - 18 minutes ago Ssangyong board meets amid strike threatAP - 19 minutes ago China lets foreign banks trade corp bonds-sourcesReuters - 20 minutes ago WRAPUP 4-Russia, Ukraine still deadlocked after gas talksReuters - 22 minutes ago Locals buy $650 mln of Turk $1 bln 2017 bond-sourceReuters - 25 minutes ago Enlarge Photo Global recession fears deepen as thousands of jobs axed Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Shares skyrocket as Porsche takes over Volkswagen Marks & Spencer to axe 1,230 jobs and close 27 stores Israel approves tougher war on Hamas Toyota to shut production plants for 11 days Pink iguanas discovered on Galapagos Islands View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
Other News on Thursday, 8 January 2009
Israel agrees to "principles" in Egyptian truce
Marks & Spencer to axe 1,230 jobs and close 27 stores
LG shows off phone watch 'worthy of James Bond'
Israel to discuss Gaza truce
Toyota to launch OnStar competitor in U.S
Eight freeze to death in Europe's coldest winter night
Charges filed against Canadian polygamists: reports | International |
Crisis deepens as Russian gas supplies to Europe halted
Iraq, India, Mexico deadliest for media: report | International |
Afghan civilian casualty claims mount, 50 rebels said killed
US-TECH Summary
LG Elec won't cut investment due to economy
SanDisk unveils memory card-based music player
Growth in consumer electronics sales to slow in 2009
Amy Winehouse Drops Drugs Appeal Case In Norway
EU regulators raid smart-card chip producers
LG shows off phone watch 'worthy of James Bond'
Verizon picks Microsoft search over Google, Yahoo | Technology |
LG Elec won't cut investment due to economy
Toshiba to launch Cell chip-powered TV in 2009 | Technology |
SanDisk unveils memory card-based music player | Technology |
US official: NKorea will challenge Obama
Pakistan fires national security adviser
US soldier avoiding Iraq ordered to leave Canada
Handlers on phone ordered Mumbai gunmen to kill
U.S. budget deficit seen hitting $1.186 trillion
LG unveils TVs and deals at CES | Technology |
Obama aims to learn from predecessors 'successes'
Rights group prods Obama to lift Cuba travel ban
Beshir warrant 'disastrous' for Darfur: Chinese envoy
US blames Russia in Ukraine gas dispute
Sri Lanka re-imposes formal ban on Tamil Tigers
Toyota to launch OnStar competitor in U.S. | Technology |
US envoy in Beijing for 30th anniversary of ties
US deficit 'to hit $1.2 trillion'
Chennai Open hit by rain, Davydenko shocker
US: Troops kill 32 insurgents in east Afghanistan
Sri Lanka outlaws rebel group
NKorea sets March date for parliamentary elections
Asia needs pension reform: OECD
India outsourcing giant hit by billion-dollar fraud scandal
Tourist arrivals in Myanmar decline
China fears recession riots as Europe joblessness grows
Daniel Craig takes break from Bond | Entertainment |
Crude Oil Dips On Reserves Increase
Surging Numbers Of Jobless Americans Taxing State Unemployment Systems
Washington State Expecting More Drenching Rain, Flooding; Possibility Of Landslides, Avalanches In Some Areas
Wintry Weather Brings Snow, Ice To East Coast
Woman Accused Of Witchraft, Burned To Death By Community Members In New Guinea
4-Year-Old Ohio Boy Shoots Teenage Babysitter In Revenge For Accidentally Stepping On His Foot
Israel approves tougher war on Hamas
Cisco sees acquisitions with focus on video
Germany plans 100-bln-euro company financing scheme: MP
Iraqi cleric urges attacks on US troops over Gaza
Sudan protesters call for attacks on Westerners
Toshiba to use Cell processor for TV of the future
US General: Anbar lacks support of Iraq government
IT firm EMC to cut 2,400 jobs
China finds no bird flu outbreak after new death | International |
Verizon picks Microsoft search over Google and Yahoo
Netflix and Vizio to stream films to high-def TVs
Motorola unveils mobile phone made from recycled water bottles
Toshiba to launch Cell chip-powered TV in 2009
LG unveils TVs and deals at CES
Singapore’s first tattoo show kicks off on Friday
Motorola unveils mobile phone made from recycled water bottles
Toshiba to launch Cell chip-powered TV in 2009
Sri Lanka outlaws rebels, ruling out peace talks
SanDisk unveils memory card-based music player | Technology |
US military deaths in Afghanistan region at 560
US military deaths in Iraq war at 4,223
Cisco sees acquisitions with focus on video | Technology |
Venezuela reduces oil production
Former presidents join Obama, Bush for historic meeting
Netflix and Vizio to stream films to high-def TVs | Technology |
U.S. DVD sales drop and rentals flat | Technology |
Nomura also sees South Korean economy contracting
Seoul shares open lower as techs decline
Electronics industry trio launches US gadget recycling program
Historic White House Luncheon Assembles Present, Future, Past Presidents
Wall Street Dips On Employment News, Profit Outlooks
Hollywood writers nominate best film scripts | Entertainment |
Beyonce, Tyler Perry dominate NAACP Image nominations | Entertainment |
Hollywood writers nominate best film scripts
Matt Dillon arrested for speeding in Vermont
Kevin Bacon among latest hurt in Madoff scheme: reports
Schwarzenegger's "The Terminator" is back. Forever
Ken Burns adding a 10th inning to `Baseball'
Stylized portrait of Obama enters Smithsonian museum
`The Mentalist' scores a football boost from CBS
'Dark Knight,' 'Benjamin Button,' up for US writers' awards
People's Choice Awards have heroic odds
Hollywood writers nominate best film scripts
Beyonce, Tyler Perry dominate NAACP Image nominations
Chargers-Colts playoff leads NBC to ratings win
List of top 20 shows in prime-time Nielsen ratings
Capsule reviews of `Bride Wars' and other films
Attack on Israel from Lebanon threatens 2nd front
Rockets from Lebanon hit Israel | International |
Russia, Ukraine energy chiefs hold first crisis talks
Japan may promote lower mobile phone fees
Up to five rockets from Lebanon seen to hit Israel
Iran's Larijani meets Hamas in Damascus | International |
Obama to unveil stimulus spending as deficit hits new high
Finance fights sex for Aussie dictionary honour
Israeli police say rockets fired from Lebanon
Vietnam bird flu patient's sister had same symptoms | International |
Sony debuts pocket-sized notebook computer
Israeli army fires into Lebanon after rockets fall: spokeswoman
Basque leaders go on trial, weeks before regional elections
U.S. frees $99 million more aid for Mexico's drug war | International |
TVs tout energy savings and Web
Dish Network DVR has Slingbox technology
Ford to introduce next generation of Sync system
Western, Arab ministers extend UN talks on Gaza truce compromise
MySpace brings online social networking to TV sets
Samsung to make more energy-efficient LED TVs
Sony debuts pocket-sized notebook computer
Ford to introduce next generation of Sync system
Samsung to make more energy-efficient LED TVs
Sony to launch world's lightest 8-inch notebook PC
Yahoo unveils partners for Web TV push | Technology |
TVs tout energy savings and Web | Technology |
Verizon picks Microsoft search over Google and Yahoo | Technology |
Sony to launch world's lightest 8-inch notebook PC | Technology |
Thai soldiers must face justice for imam's death: rights group
Gunmen shoot anti-government editor in Sri Lanka
China blames global slowdown for tourism woes
UMC Dec sales mark biggest drop in near 7 yrs
Indonesian Muslims storm KFC over Israeli raids
Japan may promote lower mobile phone fees | Technology |
Chinese democracy activist sentenced to 6 years
NATO: Bomb kills soldier in southern Afghanistan
Sri Lanka troops take more territory from Tigers in Jaffna: military
Ford to introduce next generation of Sync system | Technology |
NLB members must pay outstanding fines by April to continue borrowing books
Netflix and Vizio to stream films to high-def TVs | Technology |
RPT-GLOBAL MARKETS-Econ crisis rears its head, Asia stocks drop
Fundamentalist sect leaders in Canada charged with polygamy
Venezuela to keep sending free fuel to US poor
US releases $99 million of Mexico anti-drug money
Chavez hopes Gaza situation improves under Obama
BART Officer In Fatal Shooting Resigns; Protests In Oakland Turn Violent
U.S. Army Says Sorry To Dead Soldiers' Families For "John Doe" Letters
Texas Judge Claims Innocence In New Sex Abuse Charges
Venezuela Backtracks, Won't Halt Heating Oil Program For Poor U.S. Households
Japan shares sharply down on US economic worries
Bank of Japan starts emergency loan program
Dark Knight soars at People's Choice Awards | Entertainment |
Scrubs makes itself comfortable at new ABC home | Entertainment |
Rourke and Rockwell circle Iron Man 2 | Entertainment |
Warner Bros. asks for Watchmen call sooner | Entertainment |
Aussie actress swept off her feet by Apprentice | Entertainment |
Indian business community reels after Satyam
Seoul shares retreat; but shipbuilders, Hynix gain
Same werewolf will stalk Twilight sequel | Entertainment |
S.Korean won down 3 pct on econ woes, stocks
Indian markets closed Thursday for holiday
S.Korea's president demands preemptive econ measures
Japan sales of imported vehicles drop to 15-yr low
China's Lenovo to cut 11 percent of workforce
SKorea's Lee calls for "pre-emptive" steps against slowdown
Researchers Find New Region In Earth's Magnetosphere
No `King Lear' nude scene for McKellen on PBS
US investment guru sees future in China, despite hard times
Gun sales still up on eve of Obama administration
US-ENTERTAINMENT Summary
Aussie actress swept off her feet by "Apprentice"
"Scrubs" makes itself comfortable at new ABC home
Warner Bros. asks for "Watchmen" call sooner
Brad Pitt says he was faithful to Jennifer Aniston
"Dark Knight" soars at People's Choice Awards
Winners at the People's Choice Awards
Sony to launch world's lightest 8-inch notebook PC
U.S. DVD sales drop and rentals flat
U.S. Army Sending Letters Of Apology To Families Of Dead Soldiers Addressed As "John Doe"
Three killed in shooting incident in Finland: police
Russia and Ukraine hold gas row talks in Moscow | International |
Britain set for record low interest rates
Bombs kill five Iraqi soldiers in northern Iraq
India vows to end fraud as Satyam scandal shocks | International |
Freezing China warns of repeat of New Year gridlock | International |
Lebanese prime minister condemns rocket attacks
Yahoo unveils partners for Web TV push at CES
US rabbi spearheads care package campaign
EU's Solana in Turkey for Gaza talks: ministry
Nokia stops production of only WiMax device
India says all options open to dismantle terror groups | International |
The latest in webcams: 3D
Bombs kill five Iraqi soldiers in northern Iraq | International |
Sri Lankan army says overruns Tiger town in Jaffna | International |
Nokia stops production of only WiMax device
Nokia stops production of only WiMax device | Technology |
Swiss court orders Marcos associate to return funds to Philippines
Taiwan considering sending navy to fight piracy
Singapore to develop new ways to get citizens working longer
Singapore, Abu Dhabi discuss ways to strengthen bilateral ties
Senior official says US, China ties strengthening
REACH website hit 1.5 million page views in 2008
Malaysia govt withdraws ban on Catholic newspaper
Malaysia calls for sanctions on Israel over Gaza
Barclays Wealth to shed 30 jobs in Singapore, HK
Chinese democracy activist sentenced to 6 years
US Navy announces new anti-piracy force
Report: US had unrealistic goals in Afghanistan
U.S. Army Deserter Ordered Expelled From Canada
What if Sundance isn't about the sales anymore? | Entertainment |
Schwarzenegger Hopeful Democrats, Republicans In California Will Set Aside Feud To Pass State Budget In Next 3 Weeks
Lower Manhattan Seeks To Become Wedding Capital Of U.S. With Upgrade Of Marriage Bureau
Consumers' Group Asks Congress To Delay Feb. 17 Switch To Digital TV Signal
24 off to strong start after dud season | Entertainment |
Obama Creates Position Of "Chief Performance Officer" To Control Federal Budget
Taiwan will review market before tapping govt fund
MSNBC's Chris Matthews Ends Speculation; Won't Run For Senate
MSNBC's Chris Matthews won't run for Senate | Entertainment |
China's Lenovo to cut 11 percent of work force
Thousands Forced To Evacuate As Floodwaters Rise In Washington State
HK stocks fall nearly 4 pct amid corporate gloom
Shooting movie takes stab at Taiwan ex-president | Entertainment |
South Korea says risk of recession has increased
Taiwan sees average 5 pct GDP growth 2009-2012
Howie Mandel yuks it up in hidden-camera show | Entertainment |
Global recession fears deepen as thousands of jobs axed
Japan's TDK to cut 8,000 jobs, forecasts loss
South Korea detains financial "prophet of doom"
Cathay shares fall sharply on fuel hedging loss
Toyota asks Japan workers to lower pay amid slump
More than 15,000 in tents after Indonesian quakes
Microsoft Releases Trial Version Of Windows 7
Consumers Push For Postponement Of Feb. 17 Switch To Digital TV Broadcast
"24" off to strong start after dud season
Howie Mandel yuks it up in hidden-camera show
What if Sundance isn't about the sales anymore?
"24" off to strong start after dud season
Shooting movie takes stab at Taiwan ex-president
Howie Mandel yuks it up in hidden-camera show
MSNBC's Chris Matthews won't run for Senate
Manhattan Seeks To Rival Las Vegas As Quickie Wedding Destination
'Mummified' Corpse Of 59-Yr-Old Woman Found Several Months After Death
Microsoft to let consumers test Windows 7 on Friday
Analysis: Lebanese rockets raise fear of 2nd front
Christie Brinkley Accused Of Breaching Custody Agreement By Ex-Husband
Surgeon Who Operated On Kanye West's Late Mother Sentenced To One Year In Jail
Lionsgate Buys TV Guide For $255 Million
CES: Sony to launch world's lightest 8-inch notebook PC
Christian Bale Pays Tribute To Heath Ledger As "The Dark Knight" Wins Big At The People's Choice Awards
Cambodia PM wants to unify dates of regional meets
SKorea groups to send leaflets with NKorean bills
U.S. says more is needed from Pakistan on Mumbai
powered by
Custom Search
Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
Thursday, 8 January 2009 - Global recession fears deepen as thousands of jobs axed