International

Sony Corp. to cut materials suppliers
21/05/2009 05:00
Sony Corp. said Thursday it is considering cutting in half the number of parts suppliers in the next two years to slash procurement costs by 20 percent this financial year. The Japanese electronics and entertainment company said the move is aimed...
Obama tries to convince Americans of his Guantanamo policy
21/05/2009 05:00
Amid a contentious debate on how to deal with terror suspects held at the Guantanamo prison, U.S. President Barack Obama on Thursday vowed to break from Bush-era policies and tried to convince Americans he can make it right. U.S. President Barack...
Some see signs US banking crisis is ending
21/05/2009 05:00
A man talks on his cellphone inside a Citibank branch in New York. Citigroup raised US$2 billion in bonds without a guarantee that had been offered by US authorities. Renewed signs of health among big US banks...
Greenspan says banks still have a largeâ capital requirement
21/05/2009 05:00
Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that US banks must raise âlargeâ amounts of money....
UN telecoms agency seeks protection for children online
21/05/2009 05:00
The UNâs telecommunications agency is drawing up global guidelines to protect children from harmful content on the Internet, sexual predators, cyber bullying and the temptations of online commerce. âWe must do everything in our power to...
Dollar falls as recovery hopes reduce safe haven demand
21/05/2009 05:00
The dollar fell against major currencies on Wednesday as hopes for economic recovery reduced safety haven demand for the U.S. currency. According to minutes released on Wednesday, policymakers of the U.S. Federal Reserve (Fed) believed the...
U.S. auto unions make tentative deal with GM, Treasury
21/05/2009 05:00
The United Auto Workers (UAW) union has reached a tentative deal with the U.S. Treasury Department and General Motors Corp. on modifying a labor agreement and restructuring payments into a union-run health care trust, reports reaching here said on Thursday....