Wednesday Business News 3

International Business News
KfW managers fired for payment to bankrupt Lehman Brothers
Afp, Frankfurt
The German public bank KfW said Monday it had fired two directors who were suspended after the bank transferred more than 300 million euros (434 million dollars) to Lehman Brothers after it filed for bankruptcy.

 
International Business News
Japan faces 'uncertainty' from financial crisis: BoJ
Afp, Tokyo
Japan will likely avoid a deep slump from the global credit crisis but faces "considerable uncertainty" and downside risks to growth, a top central bank official said Monday.

 
International Business News
Wal-Mart subsidiary in Japan to close stores
Afp, Tokyo
Japanese supermarket chain Seiyu, a subsidiary of US retail giant Wal-Mart Stores, said Monday it will close 20 stores in a bid to turn a profit after six straight annual losses.

 
International Business News
Vietnam GDP growth at 6.5pc
Afp, Hanoi
Vietnam's economy grew 6.5 percent in the first nine months of the year, lower than its target rate but still "encouraging" in the "context of a deteriorating world economy", the government said Monday.