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posted on Tuesday, 6 Oct 2009 by John Hanna Comments Off

Well, way back :-) in December the economic downturn was predicted to bottom out towards the end of 2009 link.

Since then the economic data has been even worse that expected. Normally a slowdown in mature economies means that GDP growth slows to 1%, from an historic regular level of …

posted on Monday, 5 Oct 2009 by John Hanna Comments Off

If all is doom and gloom wher you are then catch up with McKinsey’s Economic Conditions Snapshot. Their global survey of 1,820 executives from around the world and represented a full range of industries and functional specialties,brings a little cheer – depending on where you are coming from….

posted on Saturday, 12 Sep 2009 by Site Editor Comments Off

I cannot remember the last time the Foreign and Commonwealth Office spoke out about a British business dispute. However, it has now cleared its refined vocal chords and turned the row between BP and AAR, the consortium of shareholders who are …

posted on Saturday, 12 Sep 2009 by Site Editor Comments Off

Capital market regulator Securities and Exchange Board of India, or Sebi, has revamped its organizational structure by separating its investigation and adjudication wings, and assigning each to different members of its board.

Earlier, both investigation into wrongdoing and adjudication, the legal process …

posted on Friday, 11 Sep 2009 by Site Editor Comments Off

IDA IRELAND is working to avert any threat to the employment of some 2,000 workers in the Limerick manufacturing plant of computer giant Dell in light of a front-page report in the Wall Street Journal , which said the company plans …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

As well as local demonstrations, anti-Nokia sentiment in Germany reached the point were people were dumping the Nokia handsets and switching to rivals in their droves. This was followed by a redundancy payment of around 20 million Euros to sacked workers …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

India’s biggest truckmaker, abandoned its newly built factory for the world’s cheapest car because of violent protests by farmers, hampering plans to start selling the $2,500 vehicle this year.

Tata Motors will move equipment and machinery from Singur in West Bengal state …

posted on Tuesday, 8 Sep 2009 by Site Editor Comments Off

Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect” or “Company”) announced today that Brian H. Oswald has been promoted to Chief Financial Officer and Treasurer as of November 11, 2008, and Chief Compliance Officer and Secretary as of October 1, 2008.

“As our business …

posted on Monday, 7 Sep 2009 by Site Editor Comments Off

The Northern Ireland Assembly must do more to attract inward investment to Coleraine after job losses at an electronics manufacturer, a UUP MLA has said.

Assembly member David McClarty said action had to be taken to preserve existing jobs and help create …