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OECD urges Sweden to make deep rate cut
Sweden's central bank should cut interest rates by an unprecedented full percentage point when it announces the outcome its latest board and follow it with a similarly aggressive cut later this month, according to the Organisation for Economic Cooperation and Development
FT

New Zealand slashes interest rates
NEW Zealand's central bank has cut the official interest rate by a record 1.5 percentage points to tackle the fallout from the global financial crisis.
News.com

Weak services data point to rate cut
Bad news on services in Britain was mirrored in record low readings of business activity in services in the US and throughout the eurozone, underscoring the international nature of the recession
Financial Times

IT Buyer Expectations Leveling Off
Indicators this month point to a potential decline of more than 5% in U.S. IT spending growth over the next 12 months, according to an IDC research report.
InformationWeek

Lloyds TSB pledge to help small businesses
Lloyds TSB has pledged to help its 600,000 small business customers by putting together a six-point ‘charter’ to help them weather the economic downturn. The bank has also confirmed it will pass on, in full, any further cuts in interest rates throughout the remainder of 2008 and the whole of 2009, the measures will benefit [...]
Finance Markets

Volatility Only Constant for Stocks
The Dow industrials ended another turbulent session up 2.1% at 8591.69 after moving in a range of nearly 400 points. Shares of banks and builders jumped.
Wall Street Journal

Alert - 16:30 (CET) - GbpUsd
After knowing the contraction of UK's Services PMI at 10:30 (CET), the Sterling hit its intraday low at 1.4666 . The Services' PMI fell from 42.4 to 40.2 points. The European session navigated in red territory, while the US session started also negative, which made the greenbak to stay firm against the Sterling, under the 1.4800 level. The GbpUsd is trading at 1.4759 Dollars per...
Alerts Feed

RBNZ Cuts Its Benchmark 150bps In Line With Expectations
The Reserve Bank of New Zealand lowered its benchmark lending rate 150 basis points to a six-year low 5.00 percent. What is more surprising , and a true...
Daily FX

EV batteries demonstrate 180,000-plus mile lifespan
One of the key points critics have leveled at the electric car movement is that any money saved by switching gas stations for the power point will be lost when the battery fades and needs replacing. With battery costs currently still high, this is a valid concern - but how long can a battery pack last? Battery provider Southern California Edison have been testing a lithium-ion battery subpack for two and a half hears now and have demonstrated a life of more than 180,000 miles without significant performance deterioration, a figure which makes the cost equation appear more convincing...Tags: Battery Electric Vehicle, Battery Electric Vehicles, Electric, HybridRelated Articles: New battery recharges in one minute Ford testing 120mpg plug-in hybrid Escape Subaru doubles the battery range on its electric car concept The three-wheel, 225 mpg plug-in hybrid XR-3 kit car Plug-in Hybrid Technology Kits released Breakthrough lithium battery charges to 90% in just 5 minutes
Gizmag

Electric car batteries demonstrate 180,000-plus mile lifespan
One of the key points critics have leveled at the electric car movement is that any money saved by switching gas stations for the power point will be lost when the battery fades and needs replacing. With battery costs currently still high, this is a valid concern - but how long can a battery pack last? Battery provider Southern California Edison have been testing a lithium-ion battery subpack for two and a half hears now and have demonstrated a life of more than 180,000 miles without significant performance deterioration, a figure which makes the cost equation appear more convincing...Tags: Battery Electric Vehicle, Battery Electric Vehicles, Electric, HybridRelated Articles: New battery recharges in one minute Ford testing 120mpg plug-in hybrid Escape Subaru doubles the battery range on its electric car concept The three-wheel, 225 mpg plug-in hybrid XR-3 kit car Plug-in Hybrid Technology Kits released Breakthrough lithium battery charges to 90% in just 5 minutes
Gizmag

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Archived "business - red points" news stories.

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