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Greek workers strike over austerity drive

AFP - 43 mins ago

ATHENS (AFP) - Thousands of Greek civil servants went on strike Wednesday against wage cuts, paralyzing flights and disrupting rail traffic as Athens grappled to fight a debt crisis that has shaken Europe. More »

Steel giant ArcelorMittal posts profit despite crisis
AFP - 1 hour 15 mins ago
PARIS (AFP) - ArcelorMittal, the world's biggest steelmaker, reported on Wednesday a modest profit for 2009, beating analyst expectations that it would make a net loss because of the sharp fall in prices for metals. More »
Greek public workers strike against austerity drive
AFP - 1 hour 35 mins ago
ATHENS (AFP) - Thousands of Greek civil servants went on strike Wednesday against wage cuts, paralyzing flights and disrupting rail traffic as Athens grappled to fight a debt crisis that has shaken Europe. More »
Honda airbag recall adds to Japan auto sector woes
AFP - 1 hour 37 mins ago
TOKYO (AFP) - Honda, Japan's second-biggest carmaker after crisis-hit Toyota, Wednesday recalled more than 400,000 vehicles to fix airbags that it said can explode and spray out potentially deadly metal shards. More »
European car market will fall in 2010: Peugeot
AFP - 1 hour 47 mins ago
PARIS (AFP) - French auto company PSA Peugeot Citroen on Wednesday forecast that Europe's car market will shrink by a further nine percent this year as the company reported massive losses in 2009. More »
IMF help with Greece may be unavoidable
Reuters - 2 hours 24 mins ago
WASHINGTON (Reuters) - If the European Union can't quell concerns over Greece's debt burden, the International Monetary Fund may have to step in, whether or not its help is welcome. More »
Resourcehouse insists bumper China coal deal is on
AFP - 2 hours 35 mins ago
PERTH, Australia (AFP) - Australian billionaire Clive Palmer, chairman of the reources giant Resourcehouse, on Wednesday insisted a major coal deal would go ahead despite denials from the Chinese buyer that it had signed a binding agreement. More »
BHP Billiton cautious despite profits doubling
AFP - 2 hours 55 mins ago
SYDNEY (AFP) - The world's biggest miner BHP Billiton fired a warning over the economic recovery on Wednesday despite smashing forecasts with half-year profits of 6.14 billion US dollars. More »
China exports surge in January
AFP - 3 hours 20 mins ago
BEIJING (AFP) - China said Wednesday that its exports surged in January for the second straight month, solidifying the Asian powerhouse's new position as the world's leading exporting nation. More »
Baidu's rosy outlook after Google China quit threat
AFP - 5 hours 21 mins ago
BEIJING (AFP) - Chinese Web search giant Baidu said Wednesday it expected to benefit from growing customer confidence after Google's threat to pull out of China, as it posted a 48-percent surge in quarterly earnings. More »