TweetLISBON: Portugal’s parliament voted Wednesday to adopt a tough austerity budget for 2012 that leaders hope will rescue the country’s crippled economy despite the risk of worsening social unrest. Here is the original post:Portugal’s parliament adopts austerity budget
TweetLISBON: Portugal’s parliament voted Wednesday to adopt a tough austerity budget for 2012 that leaders hope will rescue the country’s crippled economy despite the risk of worsening social unrest. Read more here:Portugal’s parliament adopts austerity budget
TweetNEW YORK: The euro got a solid boost Wednesday by the move by major central banks to protect European commercial banks from being undermined by tighter money conditions in the eurozone crisis. See the original post here:Central banks move gives euro a boost
TweetSAN FRANCISCO: Microsoft has stepped up as a potential bidder for Yahoo!, making a deal to review the struggling Internet pioneer’s financial books, The New York Times reported on Wednesday. Read this article:Microsoft mulling new Yahoo! bid
TweetHONG KONG: Hong Kong fixed-line operator PCCW said Wednesday it had priced the initial public offering of its telecoms unit at the low end of its target range, raising US$1.2 billion in a choppy market. Follow this link:Hong Kong’s PCCW sets IPO at low end of range
TweetWASHINGTON: US consumers spent less than expected last month despite seeing a rise in earnings, government data showed on Wednesday, as businesses also trimmed large orders amid the threat of a global slowdown. Read the original post:US consumers squirrel away higher earnings
TweetSYDNEY: Embattled Australian airline Qantas was Wednesday facing a social media storm after a publicity exercise on Twitter dramatically backfired, prompting an outpouring of negative comments. Follow this link:Qantas faces backlash over Twitter hashtag
TweetHELSINKI: Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) on Wednesday announced a restructuring plan entailing 17,000 job cuts by the end of 2013. View original post here:Nokia Siemens to cut 17,000 jobs worldwide
TweetSINGAPORE: Crude prices fell in Asian trade Wednesday with weak US growth data and debt worries in Europe weighing on the market, analysts said. More:World oil prices down on US, Europe worries
TweetSHANGHAI: China’s manufacturing activity slumped to its lowest level in 32 months in November, banking giant HSBC said Wednesday, renewing fears the Asian powerhouse is losing steam amid global economic woes. See the rest here:China manufacturing hits 32-month low
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