Roundup: Canadian stock market unchanged as the suspense over Europe lingered

February 16, 2012 9:37 am· Comments Off on Roundup: Canadian stock market unchanged as the suspense over Europe lingered 

TORONTO, Feb. 16 — The Canadian stock market closed almost unchanged on Wednesday amid a new round of doubt as to whether Greece will get a crucial bailout to avoid a disorderly default late next month.

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Austrian economy contracts in fourth quarter 2011

February 16, 2012 9:37 am· Comments Off on Austrian economy contracts in fourth quarter 2011 

VIENNA, Feb. 16 — Expansion of Austria's gross domestic product in the last quarter of 2011 fell to 0.1 percent from third quarter's 0.2 percent, according to preliminary results released by Austrian Institute for Economic Research (Wifo) on Wednesday.

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Slovak economy grows by 3.4% year on year in Q4 2011

February 16, 2012 9:37 am· Comments Off on Slovak economy grows by 3.4% year on year in Q4 2011 

BRATISLAVA, Feb. 16 — Slovak economy grew by 3.4 percent year on year in the fourth quarter of 2011, a preliminary estimate by the Statistics Office showed on Wednesday.

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Discount outlet sales gain as department stores post losses in Jan.

February 16, 2012 9:37 am· Comments Off on Discount outlet sales gain as department stores post losses in Jan. 

SEOUL, Feb. 16 — Sales at South Korea's major discount outlets rose from a year earlier as department stores posted losses in January, mainly due to a drop in demand for clothing, a government report showed Thursday.

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California to experience modest improvement in economy, says forecast

February 16, 2012 9:37 am· Comments Off on California to experience modest improvement in economy, says forecast 

By George Bao

LOS ANGELES, Feb. 16 — California should experience modest improvement in economic conditions in 2012, according to a study released Wednesday by the Los Angeles County Economic Development Corporation.

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Dollar trade stays in mid-78 yen level in early Tokyo market

February 16, 2012 9:37 am· Comments Off on Dollar trade stays in mid-78 yen level in early Tokyo market 

TOKYO, Feb. 16 — The dollar trade stayed in the mid- 78 yen level in early Thursday at the Tokyo market.

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S. Korea's small car sales rise in Jan.

February 16, 2012 9:37 am· Comments Off on S. Korea's small car sales rise in Jan. 

SEOUL, Feb. 16 — Sales of small cars in South Korea rose 5.1 percent on-year in January despite the general weak demand in the automobile market, a trade association said on Thursday.

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S. Korea's overseas investment jumps in 2011

February 16, 2012 9:37 am· Comments Off on S. Korea's overseas investment jumps in 2011 

SEOUL, Feb. 16 — South Korea's overseas direct investments jumped to a record high in 2011 as domestic companies pushed to increase spending on mining and other resource development projects, a government report showed on Thursday.

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Hyundai Genesis tops U.S. dependability test

February 16, 2012 9:37 am· Comments Off on Hyundai Genesis tops U.S. dependability test 

SEOUL, Feb. 16 — South Korea's top automaker Hyundai Motor Co.'s flagship luxury sedan Genesis topped a U.S. dependability ranking rated by a U.S. marketing firm.

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Switzerland to apply "too big to fail" amendment in March

February 16, 2012 9:37 am· Comments Off on Switzerland to apply "too big to fail" amendment in March 

GENEVA, Feb. 16 — The Swiss government on Wednesday took a decision to bring the amendment to the Banking Act designed to resolve the "too big to fail" issue into force on March 1.

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