LONDON - THE pound fell to an all-time low against the euro on Monday after British producer price data raised expectations that the Bank of England has room to cut borrowing costs even further.
SERIAL technopreneur Douglas Gan is in trouble. His start-up, interactive map service Shownearby, has failed to secure advertisers or the additional investment that will allow it to continue improving its maps.
NEW YORK - WALL Street rose in early trading on Monday, boosted by China's US$586 billion (S$872.9 billion) stimulus package, a move that investors believe will help ease the global economic downturn.
The advance follows a rally in Asia and Europe after China announced plans to boost its economy through a mix of spending, subsidies, looser credit policies and tax cuts. The package was seen as a benefit to multinational companies such as General Electric Co. and Caterpillar Inc.
FRANKFURT (Germany) - DEUTSCHE Post AG will close all of its DHL Express service centers, cut 9,500 jobs in the United States and eliminate US-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.
