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Last updated: 20:30:39 Saturday Oct 17, 2009


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  • ThyssenKrupp to slash up to 20,000 more jobs: report
    BERLIN (AFP) - German steelmaker ThyssenKrupp will cut up to 20,000 more jobs in the next fiscal year after already eliminating 12,000 positions due to the financial crisis, a report said Saturday.   Nations:Romania   Activities:2008 Germany Recession   Source:(AFP)   2009-10-17

    Severstal books Q2 loss of $290 million
    MOSCOW - Russia's largest steelmaker Severstal posted Monday a $290 million loss in the second quarter, a sharp fall from profits last year but better than the previous quarter, as the slump in global demand hit a bottom and showed some signs of picking up.   Nations:Russia   Source:(AP)   2009-09-07

    Obama facing dilemma over protectionism in bill
    WASHINGTON - Less than two weeks into office, President Barack Obama faces a dilemma over protectionist provisions in a massive economic stimulus bill: Backing the measures could set off a trade war, while opposing them could trigger a backlash from his supporters.   Nations:U.S. Brazil   People:Stephen Harper Barack Obama   Activities:Obama Admin. Obama Stimulus Package   Source:(AP)   2009-01-31

    Australia's Santos, Apache in 1.3 billion gas deal with Citic
    SYDNEY (AFP) - Australian energy company Santos Wednesday said it and joint venture partner Apache had signed a contract worth an estimated 1.3 billion US dollars to supply natural gas to a Citic Pacific project.   Nations:Australia Hong Kong China   Source:(AFP)   2009-01-06

    Durable goods drop 1 percent in November
    WASHINGTON - Orders to U.S. factories for big-ticket manufactured goods fell for the fourth consecutive month in November, and a steady rise in inventories suggests production will need to be cut further.   Activities:2008 U.S. Recession   Source:(AP)   2008-12-24

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