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            <title>MENAFN.com Global Top News Stories</title>
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            <description>MENAFN.com Global Top News Stories</description>
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            <copyright>Copyright &amp;copy; 2012 MENAFN.com</copyright>
            <ttl>60</ttl>
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                  <title>Car sales to go up 6.7% this year</title>
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                  <description>(MENAFN) R.L. Polk &amp; Co., the Southfield, Michigan-based research firm, said that in 2012, global car sales would be expected to grow 6.7 percent to 77.7 million cars and light trucks, reported Gulf ...</description>
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                  <pubDate>Sat, 04 Feb 2012 03:10:56 GMT</pubDate>
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                  <title>Iran- Electricity exports up 23.75% in 3 quarters</title>
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                  <description>The Iranian Energy Ministry said that during the past 9 months, the country's exports of electricity surged 23.75 percent from the same period a year earlier to exceed 6,000 gigawatt hours (GWh), ...</description>
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                  <pubDate>Sat, 04 Feb 2012 03:09:42 GMT</pubDate>
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                  <title>IMF slashes 2012 economic growth forecast, warns of deeper downturn</title>
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                  <description>(MENAFN - Arab Times)  On 24 January 2012, the IMF cut its forecasts for global growth and warned of a deeper downturn worldwide if Europe does not take stronger action to stem its debt crisis. ...</description>
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                  <pubDate>Sat, 04 Feb 2012 01:45:14 GMT</pubDate>
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                  <title>UK gas curve signals US LNG imports</title>
                  <link>http://www.menafn.com/qn_news_story_s.asp?StoryId=1093479958&amp;src=RSS</link>
                  <description>(MENAFN - Saudi Press Agency) -- Forecasts that cheap gas from the United States will one day reshape the global natural gas market are increasingly commonplace, Reuters reported.    Now the first ...</description>
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                  <pubDate>Sat, 04 Feb 2012 01:37:10 GMT</pubDate>
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                  <title>US unemployment rate falls to 8.3%</title>
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                  <description>(MENAFN - Saudi Press Agency) The US unemployment rate dropped to 8.3 percent in January, the Labour Department said Friday, reaching a near three-year low in an unexpected boost to the economy and ...</description>
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                  <pubDate>Sat, 04 Feb 2012 01:35:39 GMT</pubDate>
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                  <title>Japan's lower house approves a 4th supplementary budget</title>
                  <link>http://www.menafn.com/qn_news_story_s.asp?StoryId=1093479852&amp;src=RSS</link>
                  <description>(MENAFN) Japan's Parliament gave the green light for a supplementary budget of USD32.9 billion for the fiscal year ending March 31, Associated Press reported.    This is the fourth budget expansion ...</description>
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                  <pubDate>Fri, 03 Feb 2012 01:14:20 GMT</pubDate>
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                  <title>Canada's unemployment rate hits 9-month high</title>
                  <link>http://www.menafn.com/qn_news_story_s.asp?StoryId=1093479853&amp;src=RSS</link>
                  <description>(MENAFN) Canada's jobless rate rose to 7.6 percent in January from 7.5 percent in December, over a weak job creation, Bloomberg reported.    Statistics Canada said this was the highest level in nine ...</description>
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                  <pubDate>Fri, 03 Feb 2012 01:15:51 GMT</pubDate>
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                  <title>Panasonic posts USD2.59b net loss for Dec quarter</title>
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                  <description>(MENAFN) Panasonic Corp said that due to weak demand and fierce competition, the firm posted a net loss of USD 2.59 billion for the October-December period, reported Reuters.    The company added ...</description>
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                  <pubDate>Fri, 03 Feb 2012 03:40:41 GMT</pubDate>
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                  <title>Denmark's TDC Q4 profits rise 1.8%</title>
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                  <description>(MENAFN) Danish telecom group TDC said that fourth-quarter profits rose 1.8 percent, reported Reuters.    The company added that in the October-December period, EBITDA (earnings before interest, ...</description>
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                  <pubDate>Fri, 03 Feb 2012 03:21:30 GMT</pubDate>
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                  <title>NY Times' Q4 income down to USD58.9m</title>
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                  <description>(MENAFN) The New York Times Co said that net income in the fourth quarter dropped to USD58.9 million, compared with USD67.1 million recorded a year earlier, reported Arab News.    The company added ...</description>
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                  <pubDate>Fri, 03 Feb 2012 01:47:15 GMT</pubDate>
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                  <title>Sony outlook tough on stronger yen, Thailand floods</title>
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                  <description>(MENAFN) Sony Corp. reported USD2.9 billion loss for 2011, more than double its November predictions of USD1.2 billion loss, Bloomberg reported.    The company attributed the loss to a stronger yen, ...</description>
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                  <pubDate>Thu, 02 Feb 2012 05:29:32 GMT</pubDate>
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                  <title>S Korea's Hynix posts USD150m operating loss in Q4</title>
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                  <description>(MENAFN) South Korea's Hynix Semiconductor said that since prices of memory chips dropped due to weak demand, in the fourth quarter, the firm posted an operating loss of USD150 million, reported ...</description>
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                  <pubDate>Thu, 02 Feb 2012 05:28:47 GMT</pubDate>
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                  <title>Czech central bank may leave interest rates unchanged</title>
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                  <description>(MENAFN) The Czech central bank is expected to leave interest rates unchanged at a record low for a 14th meeting today, according to a Bloomberg survey.    The Ceska Narodni Banka will leave the ...</description>
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                  <pubDate>Thu, 02 Feb 2012 05:28:38 GMT</pubDate>
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                  <title>Sweden's TeliaSonera Q4 results beat forecasts</title>
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                  <description>(MENAFN) TeliaSonera said that in the fourth quarter, earnings before interest, tax, depreciation and amortization (EBITDA) and excluding one-offs reached USD1.4 billion, exceeding expectations, ...</description>
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                  <pubDate>Thu, 02 Feb 2012 05:25:51 GMT</pubDate>
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                  <title>Unilever Q4 sales grow 6.6%, less than estimates</title>
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                  <description>(MENAFN) Unilever posted reported fourth-quarter revenue that missed estimates, predicting tough economic conditions and elevated commodity costs this year, Bloomberg reported.    Chief Financial ...</description>
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                  <pubDate>Thu, 02 Feb 2012 04:48:45 GMT</pubDate>
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                  <title>S Korea's Jan foreign reserves up by USD4.94b: BOK</title>
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                  <description>(MENAFN) The Bank of Korea (BOK) said that last month, the country's foreign reserves rose by USD4.94 billion from December to USD311.34 billion, reported Xinhua News.    The central bank added that ...</description>
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                  <pubDate>Thu, 02 Feb 2012 04:32:27 GMT</pubDate>
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                  <title>UK's AstraZeneca plans USD4.5b stock buy back, job cuts</title>
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                  <description>(MENAFN) UK's second largest drug maker AstraZeneca Plc unveiled plans to buy back another USD4.5 billion of stock this year and shed 7,300 positions, Bloomberg reported.    The restructuring ...</description>
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                  <pubDate>Thu, 02 Feb 2012 04:17:38 GMT</pubDate>
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                  <title>170k jobs added in US private sector in Jan</title>
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                  <description>(MENAFN) US Automatic Data Processing, Inc. (ADP) said that in January, jobs in the country's private sector grew by 170,000 from the previous month, reported Xinhua News.    The ADP added that the ...</description>
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                  <pubDate>Thu, 02 Feb 2012 04:16:59 GMT</pubDate>
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                  <title>American Airlines plans to slash 15% of workforce</title>
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                  <description>(MENAFN) AMR Corp., the parent of American Airlines, said that in order to reduce labor costs by 20 percent, the carrier would slash 15 percent of its workforce, reported AP.    The company added ...</description>
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                  <pubDate>Thu, 02 Feb 2012 03:20:21 GMT</pubDate>
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                  <title>US Dec construction spending rises 1.5%</title>
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                  <description>(MENAFN) The US Department of Commerce said that construction spending in December rose 1.5 percent to a seasonally adjusted annual rate of USD816.4 billion, reported Xinhua News.    The department ...</description>
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                  <pubDate>Thu, 02 Feb 2012 03:04:56 GMT</pubDate>
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                  <title>UK- Terror gang admits plot to bomb stock exchange</title>
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                  <description>(MENAFN - Gulf Times) Four men inspired by Al Qaeda yesterday admitted plotting to blow up the London Stock Exchange.     Their plan to detonate a home-made pipe bomb was intended to deal a ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 02:54:46 GMT</pubDate>
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                  <title>China's CNOOC plans to double oil, gas output by decade-end</title>
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                  <description>(MENAFN) China National Offshore Oil Corp (CNOOC) said that by the end of the decade, the company would increase its oil and gas output to the double, reported Reuters.    The state-owned firm added ...</description>
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                  <pubDate>Thu, 02 Feb 2012 02:49:20 GMT</pubDate>
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                  <title>OPEC price up 10 cents, stands at USD 111.21 pb</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) OPEC daily basket price rose 10 cents on Tuesday and stood at USD 111.21 a barrel, compared with USD 111.11 the previous day, the cartel said today.    The new ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:45:21 GMT</pubDate>
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                  <title>Japan''s new car sales jump 40.7 percent</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) Japan's domestic sales of new vehicles jumped 40.7 percent from a year earlier in January marking the fifth consecutive monthly increase, data released by an ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:43:48 GMT</pubDate>
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                  <title>Euro crisis threat to UK economy</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) Britain's Chancellor, Finance secretary, George Osborne will beat his deficit reduction target by 3 billion pounds in the current financial year but prospects ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:41:59 GMT</pubDate>
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                  <title>Sales of new French vehicles plummet after subsidies withdrawn</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) Sales of new cars and light utility vehicles in France plummeted by 21.6 percent in January to 179.850 compared with January 2011 on a day-to-day comparable ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:40:29 GMT</pubDate>
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                  <title>US manufacturing sector expands in January - report</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) US economic activity in the manufacturing sector expanded in January for the 30th consecutive month, and the overall economy grew for the 32nd consecutive month, ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:39:17 GMT</pubDate>
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                  <title>French Bourse bounces back on Euro optimism, US gains</title>
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                  <description>(MENAFN - Kuwait News Agency (KUNA)) Share prices on the Paris Stock Exchange gained over two percent Wednesday on the back of more optimistic news on European efforts to resolve the debt crisis and ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 01:38:09 GMT</pubDate>
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                  <title>EU stops merger of world''s two biggest financial exchanges</title>
                  <link>http://www.menafn.com/qn_news_story_s.asp?StoryId=1093479365&amp;src=RSS</link>
                  <description>(MENAFN - Kuwait News Agency (KUNA)) The European Union Wednesday prohibited the proposed merger between Deutsche Borse and NYSE Euronext, the two largest exchanges for European financial ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 01:36:33 GMT</pubDate>
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                  <title>Qantas to increase global, domestic fares</title>
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                  <description>(MENAFN) Qantas Airways said that the carrier would increase fuel surcharge on international fares and lift domestic fares, reported Reuters.    The carrier added that international surcharge would ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:31:17 GMT</pubDate>
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                  <title>Overcoming religious phobias</title>
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                  <description>(MENAFN - Khaleej Times) Islam has become an important part of American discourse leading up to the 2012 federal elections and candidates everywhere appear eager to take a position on Islam for ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 01:29:41 GMT</pubDate>
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                  <title>China announces $2.5B fund for small businesses</title>
                  <link>http://www.menafn.com/qn_news_story_s.asp?StoryId=1093479344&amp;src=RSS</link>
                  <description>(MENAFN - Khaleej Times) China announced more help Wednesday for its struggling private business sector, unveiling a $2.5 billion fund to finance new small businesses and promising tax breaks and ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 01:23:51 GMT</pubDate>
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                  <title>US Qualcomm posts 16% increase in Q1 profit</title>
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                  <description>(MENAFN) Qualcomm Inc. said that since growing global demand for smart phones increased the firm's sales, profit in the first quarter jumped 16 percent to USD1.4 billion, from USD1.17 billion in ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:22:14 GMT</pubDate>
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                  <title>Greek PM seeks backing for reforms key to bailout</title>
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                  <description>(MENAFN - Saudi Press Agency)  Greece's prime minister is calling the country's political leaders in the next few days to seek backing for more austerity after the International Monetary Fund warned ...</description>
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                  <pubDate>Thu, 02 Feb 2012 01:18:33 GMT</pubDate>
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                  <title>Cautious outlook for real estate in 2012</title>
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                  <description>(MENAFN - Arab News) Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012, according to a new report from ...</description>
                  <author>http://www.menafn.com</author>
                  <pubDate>Thu, 02 Feb 2012 12:58:03 GMT</pubDate>
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                  <title>Sharp predicts the worst loss in its history</title>
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                  <description>(MENAFN) Japanese Sharp Corp said it expects USD3.8 billion loss for the year ending March 31, the worst annual loss in its history, Bloomberg reported.     Sharp attributed the predicted loss to ...</description>
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                  <pubDate>Wed, 01 Feb 2012 08:23:33 GMT</pubDate>
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                  <title>Australia&amp;rsquo;s trade surplus unexpectedly widens</title>
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                  <description>Australia&amp;rsquo;s trade-balance surplus unexpectedly widened in December, as the exporters strengthened by the gold and coal exports that exceeded the imports increase of fuel and lubricants, also ...</description>
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                  <pubDate>Wed, 01 Feb 2012 10:22:09 GMT</pubDate>
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                  <title> Buccaneer Energy Limited (ASX:BCC) Acquires Interest In Cosmopolitan Project, Alaska </title>
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                  <description>http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp  Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) is pleased to advise that it has executed a Purchase and Sale Agreement for the acquisition ...</description>
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                  <pubDate>Wed, 01 Feb 2012 10:23:19 GMT</pubDate>
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                  <title> Audio Pixels Holdings Limited (ASX:AKP) Presentation Merriman Annual Investor Summit 2012 New York </title>
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                  <description>http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp  Audio Pixels Holdings Limited (ASX:AKP) (OTC:ADPXY) is pleased to advise that the Investor Presentation presented by Danny Lewin, the CEO of ...</description>
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                  <pubDate>Thu, 02 Feb 2012 12:21:53 GMT</pubDate>
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