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Wikinews:Briefs/Business/December 21, 2005

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Wednesday, December 21, 2005

US wholesale prices fall by 0.7%

The Producer Price Index for Finished Goods declined 0.7% in November. The Index rose 0.7% in October and rose 1.9% in September. The drop in price for finished goods is due to energy prices, which fell by 4% percent. The Index is seasonally adjusted.

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US Patent office may back Blackberry

The five patents in the lawsuit between NTP and Research In Motion, the seller of Blackberry may be struck down. Both companies said that the US Patent office will reject the five patents held by NTP. The final rulings are expected to come by mid-February.

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China is now the sixth largest economy

China has raised its GDP estimate after a year long survey. China has outplaced Italy becoming taking sixth largest economy in the world. World economists now calculate that China's economy will be larger than the economy of the United States, the current largest economy. Economists also predict that China will pass France and the UK by the end of 2006. Service industries such as telecommunications, retailing, and real estate accounted for 93% of the revision. Economists also say that this means that China's growth is more sustanable than previously thought which means pressure will mount on China on other issues including its currency valuation and trade negotiations.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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