For December 28th
4:15 a.m. A Chinese dairy has had to destroy all stock after it’s milk was tainted, causing its stocks to fall 21%.
5:22 a.m. Japan’s production has fallen 4% after flooding in Thailand damaged suppliers and a strong yen.
7:31 a.m. Tokyo Electric Power Company’s shares fell by 12% after fears of it being nationalized.
9:32 a.m. Samsung and 6 other LCD manufactures were accused of fixing prices and maintain, despite a £357million payout, that this wasn’t the case.
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| Gas pipes are to start being layer across Turkish boarders! |
11:14 a.m. Iran has threatened to block the Hormuz straight oil route unless the West doesn’t impose sanctions on its nuclear programme.
0:15 p.m. Unemployment is expected to rise by 210,000 next year*.
1:01 p.m. Train manufacturer Bombadier has been given a £188million contract.
3:18 p.m. 4 Big Society projects are to receive £3.1million from dormant bank accounts.
4:20 p.m. Italy’s borrowing costs have fallen suddenly during it’s latest debt auction, with debt being half it’s previous interest rate.
5:19 p.m. Turkey has approved a South Stream pipeline which will transport Russian gas to Europe, a lucrative market, under the black sea and over Turkish boarders.
5:23 p.m. Cyprus has announced a significant gas reserve find, which will help boost its economy, but may well increase tensions with Turkey.
7:00 p.m. Bet fair has voided all bets made at a recent race, Leopardstown, due to a “technical failure”
7:59 p.m. D2 Jeans has gone into administration, making 200 employees redundant.
* Discover more about unemployment here http://banterland.blogspot.com/2011/12/economic-problem-for-dummies-todays_28.html
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