Home » December 29th, 2010 Entries posted on “December, 2010”

Analysis: Consumer Spending Back to Normal? Not So Fast

By Phil Wahba and Dhanya Skariachan NEW YORK (Reuters) – As U.S. retailers get ready to box up their Christmas decorations after a better-than-expected holiday season, many shoppers plan to join them by putting their wallets back in storage. Consumers hit stores in droves this year and are feeling better about their prospects. But they […]

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Bargain hunters get dose of sales fever

By KIRAN CHUG They were expecting car park wars, a battle for the biggest bargains and queues at the checkouts, but Boxing Day bargain hunters still braved the shops. Trading yesterday appeared mixed with reports of busy shopping periods followed by lulls. At Wellington’s Lyall Bay retail park, shoppers looking for bargains early in the […]

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Rethinking Japan’s Consumer Appeal

By David S. Abraham & Ira Wolf Japan’s recent corporate tax cuts of 5% and newly proposed subsidies and tax incentives for overseas firms are unlikely to reverse the country’s economic fortunes on their own. Taxes are still far lower elsewhere in Asia and burdensome regulations will continue to stymie broader economic growth. But CEOs who […]

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Business year in review: Adding up the costs of failure

By Tim Hunter You could call it a year of reckoning, a calling to account. Like Icarus, who flew too close to the sun, we learned there can be a heavy price to pay for ambition. At Pike River, the price was the lives of 29 men and the livelihoods of hundreds more. In the […]

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Bus drivers strike over Bolivian gasoline prices

LA PAZ, BOLIVIA Bus drivers have gone on strike across Bolivia to protest a sudden sharp jump in gasoline and diesel prices. Most stores have managed to open, but workers are finding it had to reach jobs. The strike that started Monday is in protest of a 73 percent jump in gasoline prices announced Sunday. […]

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India extends export ban on pulses until further order

NEW DELHI: India, the world’s biggest producer and consumer of pulses, has extended ban on pulses exports until further order, farm minister Sharad Pawar said on Tuesday. The government had banned exports of pulses in June 2006. India has also imposed stock limit on sugar for three additional months as crushing got delayed due to […]

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NYMEX-Crude rises on heating demand, down dollar

U.S. crude futures slightly higher in thin trade * Heating oil demand, weaker dollar support prices * U.S. Northeast digging out from blizzard * Coming up: U.S. Consumer Confidence Index (10 a.m. EST) NEW YORK, Dec 28 (Reuters) – U.S. crude oil futures prices rose Tuesday to just below the 26-month high they had hit […]

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EU Needs Watchdog to Study Foreign Takeovers, Handelsblatt Says

By Andreas Cremer The European Union may need to set up a watchdog to study foreign takeover bids to help protect its industrial companies against acquisitions, Handelsblatt reported, citing European Industry Commissioner Antonio Tajani. Chinese companies are acquiring a growing number of European businesses “with key technologies in important areas,” Tajani told the newspaper in an […]

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Abandoned wine growers taking new approach

By BERNARD CARPINTER – The Dominion Post A wine company with just one employee is steering the industry in a whole new direction in Gisborne. GroCo is a co-operative with 34 grower-shareholders, most of whom lost their supply contracts in 2009 when wine companies, including Pernod Ricard and Constellation, decided to cut back their Gisborne […]

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Cordons to come down in Christchurch

The area of Cashel St in Christchurch closed since the Boxing Day aftershocks is set to be reopened to shoppers. City council staff are confident the wider cordon between Colombo St and Oxford St will be taken down by start of business tomorrow. The council’s inspections enforcement manager, Gary Lennan, said unsafe buildings within the […]

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