August 20, 2003
Business & Money News
Personal bankruptcy hits an all time high, with a 10% increase over last year. Business bankruptcy filings are down 5% over the same period.
The Communication Workers union has filed an illegal wiretap suit against Verizon. Top executives are accused of improperly listening to a union conference call in the midst of contract negotiations, which they must have thought was part of their mandate never to stop working for me.
First Energy files it's quarterly report & earnings restatements with the SEC.
Blackouts worsen gasoline shortage, boost prices.
The building boom continues unabated.
Iran and India start off a feasibility study of a long discussed gas pipeline. An offshore line has been discussed in the past, but hope remains that an overland route through Pakistan will be possible. Here's a discussion of some of the external and political factors that the three countries will be weighing.
Competition is fierce as China approaches a decision on awarding the contract for the Shanghai-Beijing high-speed rail line. It looked like the Japanese were the favorites, but old animosity dies hard, to the possible benefit of France and Germany. China is currently preparing the two cities as showcases of economic growth in advance of the 2008 Olympic Games.
Malaysia looks to expand investment in Syria, but wants more assurances. Malaysia is currently positioning itself as a hub for Islamic finance and investment.
Japan set to increase investment in Poland.
Posted by natasha at August 20, 2003 02:40 PM | TrackBack