Automotive News

Mon, 13 Oct 2008 08:43 PM


Japanese automaker Nissan announced Monday it would cut 1,680 jobs in Barcelona, northeastern Spain, as the economic downturn in Europe weakened demand for its larger 4X4 and trucks.

Japanese automaker Nissan cuts more than 1,600 Spanish jobs

Mon, 13 Oct 2008 08:43 PM

Japanese automaker Nissan announced Monday it would cut 1,680 jobs in Barcelona, northeastern Spain, as the economic downturn in Europe weakened demand for its larger 4X4 and trucks.

Govts should consider stimulus plans if possible: IMF head

Mon, 13 Oct 2008 03:43 PM

IMF head Dominique Strauss-Kahn said Monday that in the current crisis those governments that could afford it should consider stimulus plans for their economies.

Looking for the right view

Mon, 13 Oct 2008 01:29 PM

The only constant in business data management today is change. People move to new homes every day, rendering customer information in countless databases obsolete. And those same customers change phone numbers and jobs, acquire new credit cards, open new bank accounts, make purchases, make payments and get married. If ...

Plunging Australian dollar near five-year low

Mon, 13 Oct 2008 09:28 AM

The Australian dollar has plunged more than 14 percent in the past week to new five-year lows as investors panicked by global financial turmoil dumped the unit to buy the US dollar, dealers said Monday.

New Zealand banks sound, despite guarantee: finance minister

Mon, 13 Oct 2008 08:13 AM

New Zealand's government and central bank insisted Monday the banking system remained sound despite the decision to guarantee depositors' funds.

McCain to unveil new economic plan: Graham

Mon, 13 Oct 2008 06:58 AM

US Republican presidential nominee John McCain is working on a new economic plan designed to help rank-and-file investors as well as homeowners facing the loss of their homes, an adviser to the candidate has said.

GMT to Sponsor Retail Banking Awards at Third Annual Middle East Retail Banking Forum

Mon, 13 Oct 2008 06:36 AM

GMT Corp., a global industry leader in enterprise workforce management and performance optimization solutions, today announced that the company will be the exclusive sponsor of the Middle East Retail Banking Awards, in association with the Institute for International Research's (IIR) Third Annual Middle East Retail Ban...

IMF, World Bank hail progress in fight against financial crisis

Mon, 13 Oct 2008 04:28 AM

The International Monetary Fund and the World Bank hailed Sunday progress made to coordinate responses to the financial crisis in the G7, the eurozone and multilateral institutions, but urged that poor countries not be forgotten.

World Bank reassures poor countries on aid

Sun, 12 Oct 2008 11:28 PM

The heads of the World Bank and International Monetary Fund on Sunday assured developing countries that their needs would not be forgotten in efforts to tackle the financial crisis.