International

Wednesday, January 7th 2009 - 20:00 UTC
Women's clothing icon Viyella goes into administration

Britain's women's clothing firm Viyella, which dates back to 1784, has become the latest well-established retail firm to call in administrators. There has been speculation for days that the future of the company, one of the UK's longest established clothing manufacturers, was uncertain.
Wednesday, January 7th 2009 - 20:00 UTC
Accounting fraud (Enron style) rocks Indian markets

A four-day relief rally on India's stock market ended abruptly on Wednesday after the chairman of Satyam Computer Services Ltd resigned with a confession of accounting fraud in India's biggest corporate governance scandal.

Satyam's shares collapsed 78%, leading the bellwether Sensex index on the Bombay Stock Exchange (BSE) down 7.3%.
Tuesday, January 6th 2009 - 20:00 UTC
Sir Alan Walters, Prime Minister Margaret Thatcher's personal economic advisor, dies aged 82

Professor Sir Alan Walters, former personal economic advisor to Prime Minister Margaret Thatcher, and credited with being an architect of the 1980's renaissance of the economy of the United Kingdom, died peacefully at home on Saturday at the age of 82.
Tuesday, January 6th 2009 - 20:00 UTC
Japan's Toyota to halt production 11 days in its 12 factories

Toyota is to halt production at all 12 of its Japanese factories for 11 days in February and March as it tries to reduce its stock of unsold cars. It had already announced a three-day halt for January, but before that it had not cut production since 1993, when it did so for one day.
Tuesday, January 6th 2009 - 20:00 UTC
With inflation under control, Euro rates cut forecasted

The Euro has slipped against the pound and the dollar as expectations rise that the European Central Bank will cut interest rates again on 15 January.
Tuesday, January 6th 2009 - 20:00 UTC
Britain's house prices fell a record 15.9% during 2008

Britain's biggest building society has said house prices fell by a record 15.9% during 2008 as it warned the property market was in for another turbulent year. Nationwide said prices were likely to have further to fall before significant numbers of buyers returned to the market, although it stopped short of making a specific forecast for price drops in 2009.
Monday, January 5th 2009 - 20:00 UTC
Japan calls for no re-fueling of whaling activists' vessels

Japanese whalers are pressing for Australian and New Zealand authorities to refuse port entry to Sea Shepherd anti-whaling activists “terrorist ship” when they return from the Antarctic to refuel.
Monday, January 5th 2009 - 20:00 UTC
IMF considers UK Chancellor Darling's forecast “optimistic”

Britain's Chancellor of the Exchequer prediction on when the UK economy could start to recover may be “optimistic”, a director of the International Monetary Fund has said.
Monday, January 5th 2009 - 20:00 UTC
Sir Alan Walters: “radical, fearless, the finest of friends”

Former Prime Minister Margaret Thatcher's influential economics adviser, Sir Alan Walters, has died aged 82. Sir Alan's return as an adviser led in 1989 to the resignation of Chancellor Nigel Lawson, with whom he had clashed over the exchange rate mechanism (ERM).
Monday, January 5th 2009 - 20:00 UTC
Doha hangover: Lamy unopposed for his second WTO mandate

The current director-general of the World Trade Organization, Pascal Lamy, is the only candidate for the position. He was the only candidate when nominations closed on 31 December.