Economy
Tuesday 15:59, March 9th, 2010
European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labor market that were introduced to fight the economic crisis, a draft statement showed.
Economy
09:16, Mar 9 | Intesa, the parent company of CIB Bank finds that the terms of the IMF rescue-loan agreement for Hungary will only be met through further austerity, requiring the new government elected at the April general elections to renegotiate the deficit clause with the Fund.
Energy
08:06, Mar 9 | Oil and gas industry equipment manufacturer DKG-EAST Olaj- és Gázipari Berendezéseket Gyártó Zrt is planning to commence a HUF 582-million investment, building a 3,600-square-meter add-on to its base in Nagykanizsa.
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Business
17:41, Mar 9 | Sex.com, often touted as one of the most valuable Internet domain names, is due to head to the auction block next week.
Economy
16:54, Mar 9 | China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market but said it would be wary of substantially boosting its gold holdings.
Business
16:52, Mar 9 | Burger King Holdings Inc forecast US and Canada total revenue and restaurant margins in the third quarter would be below prior-year levels as adverse weather in the central and eastern United States kept diners away.
Economy
16:02, Mar 9 | German Chancellor Angela Merkel said a possible new fund to support euro zone countries that run into financial problems would not weaken European Union rules on budget discipline.
Business
14:43, Mar 9 | The Hungarian Investment and Trade Development Agency (ITD Hungary) and the Bács-Kiskun County Trade and Industry Chamber held a forum for potential Hungarian facility management partners for German car maker Daimler's plant in Kecskemét, ITD Hungary said.
Business
14:41, Mar 9 | Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year and in 2011.
Economy
13:53, Mar 9 | The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said.
Business
13:50, Mar 9 | German luxury carmaker Audi contributed the bulk of earnings and cash in 2009 to parent Volkswagen and expects better results this year as it launches a dozen new models, including the A1 subcompact.
Energy
12:47, Mar 9 | Oil and gas explorer Leni Gas and Oil has decided to divest its Hungarian assets, the energy website oilvoice.com reported.
Real Estate
12:46, Mar 9 | Hungarian construction company Nemzetközi Vegyépszer has won a tender to build infrastructure and public facilities in Libya worth about €300 million, the company said.
Business
11:42, Mar 9 | The United States would not have any standing to bring a case against Chinese Internet restrictions to the World Trade Organisation, a Chinese adviser on WTO strategy said in an opinion piece.
Economy
11:40, Mar 9 | Britain's sovereign credit profile has deteriorated but the country was still within tolerance of a triple-A rating, Fitch Ratings said.
Business
10:40, Mar 9 | Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry.
Business
10:37, Mar 9 | Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
Energy
09:19, Mar 9 | All universal service providers have submitted their requests, as promised, to receive authorization for raising their prices, the Hungarian Energy Office (MEH) said.
Economy
08:04, Mar 9 | The European Commission (EC) is looking to revoke HUF 10 billion in support funds from Hungary, the EC claims that the country has included as deductible expenses certain non-eligible items.
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Business
17:40, Mar 8 | German carmaker Daimler was selling its entire stake in India's Tata Motors to raise up to $429 million worth of shares, sources familiar with the matter said.
Business
17:39, Mar 8 | McDonald's Corp reported a 4.8% rise in February sales at established restaurants as strong overseas results offset softness in the United States, sending its shares up nearly 2%.
Economy
16:41, Mar 8 | Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece after a French pledge of EU help.