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London, Thursday, August 28, 2008 ARANCA News Report (www.aranca.com) :Beleagured auto giant General Motors Corp (GM), has signed a memorandum of understanding with the Maharashtra state government in India to setup a powertrain plant at a cost of nearly $200. The automotive giant, whose India investments exceed more than $1 billion, is planning the new [...]
London, Thursday, August 28, 2008 ARANCA News Report (www.aranca.com) :Europe’s venture capital industry posted a week performance in the second quarter as the number of recorded deals dropped to 167- the lowest quarterly total in nine years. Investment in deals went down by 35% to EUR 858 million from EUR 1.33 billion in 286 deals [...]
London, Wednesday, August 27, 2008 ARANCA News Report (www.aranca.com) :Even as home prices continued to fall in July, some positive signs indicate a recovery in the battered US housing market. Standard & Poor’s/ Case- Shiller national home price index registered an easing in the rate of price drops from May to June.
Sales of both [...]
London, Tuesday, August 26, 2008 ARANCA News Report (www.aranca.com) :As vehicle sales plummet and the consumers move to smaller, more fuel-efficient vehicles, automotive companies in the US plan to petition the Congress to support a $50 billion government low-interest loan program to help them modernize plants to build more fuel-efficient vehicles.
Automakers are seeking a significant [...]
London, Tuesday, August 26, 2008 ARANCA News Report (www.aranca.com) :In a bid to shore up the sagging economy, Japan is reported to be designing a $73 billion economic stimulus package to aid small businesses as well as farmers and fishermen hit by soaring oil and commodity prices. The measures are also designed to discount expressway [...]
London, Friday, August 22, 2008 ARANCA News Report (www.aranca.com) :In yet another jolt to the battered US housing market, the US Commerce Department revealed that the construction of homes and apartments have slumped radically in July. Homebuilding plunged to its lowest level in more than 17 years.
The builders broke ground on 965,000 housing units on an [...]
London, Thursday, August 21, 2008 ARANCA News Report (www.aranca.com) :In a major step to open Saudi Arabia’s stock market to foreign investments, the country’s stock market regulator – Capital Markets Authority (CMA) announced that it would allow foreigners to buy shares listed on the Arab bourse by entering into swap agreements with authorized persons.
Saudi investors [...]
London, Wednesday, August 20, 2008 ARANCA News Report (www.aranca.com) :A slowing US economy is adversely affecting the revenues of retailers across the board right from luxury chains to discount stores. While rebate checks that were sent out during May to July did provide a temporary fillip to the retail sales, August has seen a reversal [...]
London, Tuesday, August 19, 2008 ARANCA News Report (www.aranca.com) :Japan’s central bank, the Bank of Japan (BoJ) downgraded its view of the world’s second largest economy, indicating that economic growth for the country would continue to be “sluggish” as it battles high inflation, soaring energy costs and falling exports. The bank left interest rates unchanged [...]
London, Monday, August 18, 2008 ARANCA News Report (www.aranca.com) :The Turquoise pan-European trading platform was launched on Friday, 15th August 2008. After over a year of delays, the platform opened to limited trading and will operate mostly for testing purposes until its full launch in mid-September. As part of limited live trading, Turquoise, currently offers [...]
