Category archives for: Money and Business

China raises gasoline and diesel prices

China raises gasoline and diesel prices

Prices of gasoline and diesel in China have jumped, while the Chinese government struggles to battle inflation.

Egypt’s new government requests freezing of former officials’ assets

Egypt’s new government requests freezing of former officials’ assets

Officials from the U.S. and U.K. say that the administration of Obama is studying requests from Egypt’s new government to freeze the assets of the aides of ousted President Hosni Mubarak.

Fewer International Tourists Visiting The US Than Ten Years Ago

Fewer International Tourists Visiting The US Than Ten Years Ago

The United States Travel Association (USTA) revealed that foreign travel in the country registered a decrease over the last ten years.

Nokia CEO says company is standing on a burning platform

Nokia CEO says company is standing on a burning platform

The Chief Executive of Nokia has compared the company’s precarious current position to that of a man on a burning oil platform wondering if he should jump.

GM And Chrysler Zoom To Top As Auto Industry Recovers

GM And Chrysler Zoom To Top As Auto Industry Recovers

Car auto makers Chrysler and General Motors fueled the US car industry’s recovery with double-digit increases of 23 percent and 22 percent, respectively.

WTO holds that Boeing received improper subsidies from U.S. government

WTO holds that Boeing received improper subsidies from U.S. government

The World Trade Organization (WTO) has held that the $5 billion subsidies that Boeing received from the U.S. government are improper.

Japan government earmarks $3.9 billion for investments overseas

Japan government earmarks $3.9 billion for investments overseas

The Ministry of Finance of Japan announced on Friday that the country plans to set aside $3.9 billion for investments overseas, primarily for infrastructure projects by private Japanese companies.

Oil prices leap as a result of protests in Egypt

Oil prices leap as a result of protests in Egypt

Oil prices jumped up as a result of the protests in Egypt, spurred by fears that the protests could spread to other oil producers like Saudi Arabia and Libya.

Toyota recalls 1.7 million cars for fuel leak problems

Toyota recalls 1.7 million cars for fuel leak problems

Toyota announced a global recall on Wednesday for nearly 1.7 million cars. This marks another huge set of recalls for the company, which has recalled millions of cars since late 2009.

Despite Regulatory Issues, American Express Revenues Increase

Despite Regulatory Issues, American Express Revenues Increase

American Express reported a 13 percent increase in its fourth-quarter revenues due to an increase in consumer spending.

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