http://www.earthtimes.org The Earth Times online newspaper, serving the planet with finance and money news that matters en-us PHP/4.4.4 http://www.earthtimes.org/articles/show/244822,cosworth-set-to-build-standard-engine-as-f1-tries-to.html Hamburg - The Cosworth company is set to build a standard engine for Formula One teams as part of a major cost-cutting scheme, the ruling body FIA announced on Friday. The announcement, made in a letter by FIA boss Max Mosley to all teams, came just ... Finance,General Fri, 05 Dec 2008 10:30:23 GMT http://www.earthtimes.org/articles/show/244822,cosworth-set-to-build-standard-engine-as-f1-tries-to.html http://www.earthtimes.org/articles/show/241314,french-investment-bank-says-loss-not-as-large-as-reported.html Paris - After denying that it had lost nearly 1 billion euros (1.26 billion dollars) in trading last month, French investment bank Natixis on Wednesday said it had incurred losses of about one fourth that amount. In a statement, Natixis said its trad... Finance,General Wed, 12 Nov 2008 12:42:23 GMT http://www.earthtimes.org/articles/show/241314,french-investment-bank-says-loss-not-as-large-as-reported.html http://www.earthtimes.org/articles/show/238534,asia-eu-call-for-decisive-action-on-financial-crisis--summary.html Beijing - Asian and European Union leaders on Saturday called for the international community to act quickly and decisively at a conference on responses to the global financial crisis next month in Washington. We have all understood that it would no... Finance,General Sat, 25 Oct 2008 10:57:12 GMT http://www.earthtimes.org/articles/show/238534,asia-eu-call-for-decisive-action-on-financial-crisis--summary.html http://www.earthtimes.org/articles/show/236800,us-economist-paul-krugman-wins-2008-nobel-economics-prize--summary.html Stockholm - The 2008 Nobel Prize for Economics was awarded Monday to Paul Krugman of the United States, the Royal Swedish Academy of Sciences announced, citing his work on international trade and economic geography. The academy cited Krugman for his ... Finance,General Mon, 13 Oct 2008 13:06:33 GMT http://www.earthtimes.org/articles/show/236800,us-economist-paul-krugman-wins-2008-nobel-economics-prize--summary.html http://www.earthtimes.org/articles/show/234724,irish-government-to-guarantee-deposits.html Dublin - The Irish government will guarantee all deposits in Irish banks, a statement from the department of finance said Tuesday. The government had recently announced it would guarantee deposits of up to 100,000 euros (144,000 dollars) and has now ... Finance,General Tue, 30 Sep 2008 06:42:13 GMT http://www.earthtimes.org/articles/show/234724,irish-government-to-guarantee-deposits.html http://www.earthtimes.org/articles/show/234432,imf-chief-says-institute-could-be-industry-watchdog.html Paris - International Monetary Fund (IMF) chief Dominique Strauss-Kahn said Sunday that his institute could serve as a kind of watchdog for the crisis-stricken world financial market. In remarks published in the Sunday paper Le Journal du Dimanche, S... Finance,General Sun, 28 Sep 2008 09:48:07 GMT http://www.earthtimes.org/articles/show/234432,imf-chief-says-institute-could-be-industry-watchdog.html http://www.earthtimes.org/articles/show/233963,fdi-in-latin-america-caribbean-hits-record-1263-billion-dollars.html Santiago - Foreign direct investment (FDI) in Latin America and the Caribbean reached a record 126.3 billion US dollars in 2007, the United Nations Conference on Trade and Development (UNCTAD) said Wednesday in the Chilean capital Santiago. UNCTAD ex... Finance,General Wed, 24 Sep 2008 21:24:10 GMT http://www.earthtimes.org/articles/show/233963,fdi-in-latin-america-caribbean-hits-record-1263-billion-dollars.html http://www.earthtimes.org/articles/show/231935,dutch-block-eu-trade-deal-with-serbia.html Brussels - The Dutch government on Monday vetoed European Union attempts to implement a trade deal with Serbia, saying that Belgrade is still not cooperating fully with international war-crimes prosecutors. There is better cooperation, but I do not ... Finance,General Mon, 15 Sep 2008 16:21:42 GMT http://www.earthtimes.org/articles/show/231935,dutch-block-eu-trade-deal-with-serbia.html http://www.earthtimes.org/articles/show/231904,lehman-bankruptcy-other-bank-fears-spark-us-stock-sell-off--summary.html Washington - US stocks were poised for a massive sell-off Monday after embattled investment bank Lehman Brothers Holdings filed for bankruptcy - one of many financial firms in turmoil amid a significant broadening ... Finance,General Mon, 15 Sep 2008 14:40:48 GMT http://www.earthtimes.org/articles/show/231904,lehman-bankruptcy-other-bank-fears-spark-us-stock-sell-off--summary.html http://www.earthtimes.org/articles/show/228964,allianz-commerzbank-reach-dresdner-sale-deal--summary.html Frankfurt - Germany's Commerzbank AG triggered a major reshaping of the country's fragmented banking business Sunday when it agreed Sunday to pay 9.8 billion euros (14.4 billion dollars) to buy rival Dresdner. Commerzbank and Allianz announced the ag... Finance,General Sun, 31 Aug 2008 18:44:00 GMT http://www.earthtimes.org/articles/show/228964,allianz-commerzbank-reach-dresdner-sale-deal--summary.html http://www.earthtimes.org/articles/show/228953,allianz-commerzbank-reach-dresdner-sale-deal--2nd-update.html Frankfurt - The board of giant German insurer Allianz SE agreed on Sunday to sell off its troubled Dresdner banking offshoot to rival Commerzbank AG in deal triggering a major reshaping of the country's fragmented banking business, Welt Online report... Finance,General Sun, 31 Aug 2008 16:59:08 GMT http://www.earthtimes.org/articles/show/228953,allianz-commerzbank-reach-dresdner-sale-deal--2nd-update.html http://www.earthtimes.org/articles/show/228941,allianz-commerzbank-near-dresdner-sale-deal--update.html Frankfurt - Germany's Commerzbank AG is widely expected to trigger Sunday a major reshaping of the country's fragmented banking business when it agrees to pay up to 9 billion euros (13 billion dollars) to buy rival Dresdner. In separate meetings Sund... Finance,General Sun, 31 Aug 2008 15:26:06 GMT http://www.earthtimes.org/articles/show/228941,allianz-commerzbank-near-dresdner-sale-deal--update.html http://www.earthtimes.org/articles/show/226988,berlin-draws-up-rules-to-control-foreign-state-funds--summary.html Berlin - German Chancellor Angela Merkel's ruling coalition unveiled Wednesday new far-reaching rules to head off powerful foreign-owned state-controlled funds going on a shopping spree for companies in Europe's biggest economy. Of particular concern... Finance,General Wed, 20 Aug 2008 13:39:59 GMT http://www.earthtimes.org/articles/show/226988,berlin-draws-up-rules-to-control-foreign-state-funds--summary.html http://www.earthtimes.org/articles/show/225654,german-economy-shrinks-for-first-time-in-four-years--summary.html Berlin - The German economy shrank for the first time in almost four years, data released Thursday showed, falling by 0.5 per cent in the second quarter. But the slump was less than expected, with economists having forecast that the German economy wo... Finance,General Thu, 14 Aug 2008 08:35:29 GMT http://www.earthtimes.org/articles/show/225654,german-economy-shrinks-for-first-time-in-four-years--summary.html http://www.earthtimes.org/articles/show/222521,imf-urges-bias-toward-rate-hikes-as-us-economy-improves.html Washington - The International Monetary Fund Wednesday suggested the United States should sharply raise interest rates to ward off inflation threats as the economy improves and turmoil in financial markets begins to ease. As the Federal Reserve prepa... Finance,General Wed, 30 Jul 2008 20:24:01 GMT http://www.earthtimes.org/articles/show/222521,imf-urges-bias-toward-rate-hikes-as-us-economy-improves.html http://www.earthtimes.org/articles/show/221266,international-stock-market-quotations.html Frankfurt - The following index quotations were noted on the world's major stock markets:... Finance,General Thu, 24 Jul 2008 16:40:02 GMT http://www.earthtimes.org/articles/show/221266,international-stock-market-quotations.html http://www.earthtimes.org/articles/show/221264,frankfurt-sotck-exchange-quotations.html DAX6,440.70 (- 95.39) MDAX 8,309.39 (-256.82) Adidas39.15 (-0.02) Allianz114.39 (-1.86) BASF41.35 (-0.78) Bayer 53.99 (-0.12) BMW 30.48 (-1.39) Commerzbank 22.14 (-0.26) Continental 72.78 (+0.21) Daimler 38.47 (-4.09) Deutsche Bank 60.20 (-0.20) Deu... Finance,General Thu, 24 Jul 2008 16:33:03 GMT http://www.earthtimes.org/articles/show/221264,frankfurt-sotck-exchange-quotations.html http://www.earthtimes.org/articles/show/221129,tycoon-abramovich-to-stand-for-seat-in-far-eastern-region.html Moscow - Russian tycoon Roman Abromovich has agreed to run for a seat in regional legislative elections, a move likely to see him head the parliament in a remote Far Eastern region. The Chelsea football club owner bowed to regional officials' request... Finance,General Thu, 24 Jul 2008 09:33:06 GMT http://www.earthtimes.org/articles/show/221129,tycoon-abramovich-to-stand-for-seat-in-far-eastern-region.html http://www.earthtimes.org/articles/show/221109,credit-suisse-returns-to-the-black-in-second-quarter.html Zurich - Swiss banking giant Credit Suisse said Thursday it returned to the black in the second quarter of 2008, with net earnings of 1.2 billion francs (1.16 billion dollars). The figure was 62 per cent below the second-quarter 2007 result, but an i... Finance,General Thu, 24 Jul 2008 07:37:01 GMT http://www.earthtimes.org/articles/show/221109,credit-suisse-returns-to-the-black-in-second-quarter.html http://www.earthtimes.org/articles/show/219957,london-stock-exchange-quotations.html FT-100 Index5,376.40(+ 90.10) (+ 1.70 %) BAT Industries  1,793.00(+ 38.00) (+ 2.17 %) BP Amoco        521.00(+1.25) (+ 0.24 %) Diageo        913.00(-3.00) (- 0.33 %) HSBC Holdings   794.00(+ 29.50) (+ 3.86 %) Prudential    538.00(+ 24.50) (+ 4.77 %)... Finance,General Fri, 18 Jul 2008 18:17:05 GMT http://www.earthtimes.org/articles/show/219957,london-stock-exchange-quotations.html