Powerful quake rocks Java, Indonesia

September 7, 2009 11:06 pm· Comments Off on Powerful quake rocks Java, Indonesia 

JAKARTA, Sept. 8 – An earthquake with magnitude of 6.8 jolted Yogyakarta of Java island on Monday evening, but no report of damage or casualty, meteorology and geophysics agency, and disaster management agency said here.

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Georgia hit by magnitude-6.2 earthquake

September 7, 2009 11:06 pm· Comments Off on Georgia hit by magnitude-6.2 earthquake 

MOSCOW, Sept. 8 — A strong earthquake of magnitude 6.2 hit Georgia early Tuesday morning, according to a report by the U.S. Geological Survey (USGS).

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Kuwait says OPEC no need to cut oil output as prices satisfactory

September 7, 2009 11:06 pm· Comments Off on Kuwait says OPEC no need to cut oil output as prices satisfactory 

KUWAIT CITY, Sept. 8 — Kuwaiti Oil Minister Sheikh Ahmad Al-Abdullah Al-Sabah said Monday that OPEC does not need to scissor output as the current oil prices are satisfactory.

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UNCTAD projects China's economic growth at 7.8 pct

September 7, 2009 11:06 pm· Comments Off on UNCTAD projects China's economic growth at 7.8 pct 

CHANGCHUN, Sept. 8 — The Chinese economy is expected to grow 7.8 percent this year while the global economy is likely to drop more than 2.5 percent, the United Nations Conference on Trade and Development (UNCTAD) said in a report released Tuesday.

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London stock market closes higher

September 7, 2009 11:06 pm· Comments Off on London stock market closes higher 

LONDON, Sept. 8 — London stock market closed higher on Monday with the FTSE 100 index up by 81.48 points, or 1.68 percent at 4,933.18 points.

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IMF satisfied with Hungary's performance, prolongs credit line

September 7, 2009 11:06 pm· Comments Off on IMF satisfied with Hungary's performance, prolongs credit line 

BUDAPEST, Sept. 8 — The International Monetary Fund (IMF) said on Monday that it was satisfied with Hungary's macroeconomic and monetary policy and was prolonging an IMF/EU line of credit made available last October for another six months, to October 2010.

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British-funded private school for international negotiation opens

September 7, 2009 11:06 pm· Comments Off on British-funded private school for international negotiation opens 

MANILA, Sept. 08 — British Ambassador Stephen Lillie opened on Monday the first Annual Academic Programme of the Philippine Learning Centre for Trade and Investment Policy (PLACE) in Tagaytay City.

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Global economic outlook still gloomy, says UN report

September 7, 2009 11:06 pm· Comments Off on Global economic outlook still gloomy, says UN report 

GENEVA, Sept. 8 — The global economic outlook is still gloomy and no early recovery from the current recession can be expected, a United Nations report said on Monday.

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Dollar at upper 92 yen level in Tokyo

September 7, 2009 11:06 pm· Comments Off on Dollar at upper 92 yen level in Tokyo 

TOKYO, Sept. 8 — The U.S. dollar edged down to the upper 92 yen level early Tuesday in Tokyo.

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SB Capital launches P500-M note issue for micro-finance institution

September 7, 2009 11:06 pm· Comments Off on SB Capital launches P500-M note issue for micro-finance institution 

MANILA, Sept. 8 — SB Capital Investment Corporation (SB Capital), the wholly-owned investment banking arm of Security Bank and one of the leading and most active investment houses in the country, successfully raised P500 million from the issuance of corporate notes for the Center for Agriculture and Rural Development, Inc. (CARD), the country's largest microfinance institution (MFI).

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