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Print - 2009-07-06
Japan demands $119 million in tax from Amazon: report

Japan demands $119 million in tax from Amazon: report

Japanese authorities told a sales affiliate of US retail giant Amazon.com to pay about 119 million dollars in tax for unreported income over a three-year period, a newspaper said Sunday.
Published 06 Jul, 2009 12:00am
US celebrates Independence Day

US celebrates Independence Day

Fireworks lit up the skies across the United States on Saturday, as Americans commemorated the nation's 233rd anniversary with barbecues, live music and other festivities. In Washington, President Barack Obama and First Lady Michelle invited some 1,200 mi
Published 06 Jul, 2009 12:00am
Eight-million-year-old fossilised remains

Eight-million-year-old fossilised remains

Paleontologists on Sunday announced that they had discovered the 8-million-year-old fossilised remains of an elephant, a hippo and a giant ostrich in western Abu Dhabi.
Published 06 Jul, 2009 12:00am
Powell says Iraq surge should have come earlier

Powell says Iraq surge should have come earlier

Colin Powell says the US took too long to strengthen its forces in Iraq after Baghdad fell early in the war. Powell, the nation's top military officer under President George H.W. Bush and secretary of state for President George W. Bush, said the decision
Published 06 Jul, 2009 12:00am
Fourteen Afghan mine clearers abducted

Fourteen Afghan mine clearers abducted

Armed men abducted 14 Afghan employees of a private mine clearing company contracted to the United Nations in Afghanistan, the interior ministry said Sunday. The men, employed by the Mine Detection and Dog Centre (MDC), were seized on Saturday as they wer
Published 06 Jul, 2009 12:00am
Jackson memorial gets 1.6 million ticket requests

Jackson memorial gets 1.6 million ticket requests

More than 1.6 million fans who registered for tickets to Michael Jackson's memorial service will wait until Monday to learn if they received one of the 11,000 tickets for Tuesday's ceremony. The two-day registration period for the service at Staples Cente
Published 06 Jul, 2009 12:00am
Sri Lanka troops record first fatality after ending war

Sri Lanka troops record first fatality after ending war

A Sri Lankan soldier was shot dead by a Tamil rebel in the island's east, the first military fatality after the crushing of the guerrilla leadership in May, the army said on Sunday. A Tiger rebel grabbed the gun of a soldier and opened fire as he tried to
Published 06 Jul, 2009 12:00am
Mexico legislative polls a test for Calderon

Mexico legislative polls a test for Calderon

Mexicans head to the polls Sunday in legislative elections that amount to a midterm test for conservative President Felipe Calderon as the country remains mired in brutal drug-fuelled violence.
Published 06 Jul, 2009 12:00am
More than 800 wildlife species now extinct

More than 800 wildlife species now extinct

More than 800 animal and plant species have gone extinct in the past five centuries with nearly 17,000 now threatened with extinction, the International Union for Conservation of Nature reported on July 02.
Published 06 Jul, 2009 12:00am
Netanyahu mentions two-state solution for first time

Netanyahu mentions two-state solution for first time

For the first time, Israeli Prime Minister Benjamin Netanyahu on Sunday referred to a "two-state solution" in reference to efforts to bring peace to the Middle East."We have achieved a national agreement on the formula of two states for two peoples," said
Published 06 Jul, 2009 12:00am
Human heart master cells identified

Human heart master cells identified

Researchers have identified the early master cells that make up the human heart and said on July 01, they could someday be used to make patches to fix damaged hearts. The discovery, published in the journal Nature, also sheds surprising light on how human
Published 06 Jul, 2009 12:00am
Gene variations hinder mental illness tests

Gene variations hinder mental illness tests

As many as 30,000 different gene variations may underlie schizophrenia and bipolar disease, meaning any kind of quick test to predict either disease is a long way off, scientists said. Three studies by a multinational group of researchers analysed the DNA
Published 06 Jul, 2009 12:00am
Permafrost melting a growing climate threat

Permafrost melting a growing climate threat

The amount of carbon locked away in frozen soils in the far Northern Hemisphere is double previous estimates and rapid melting could accelerate global warming, a study released on July 02 says. Large areas of northern Russia, Canada, Nordic countries and
Published 06 Jul, 2009 12:00am
China mulling new air quality regulations

China mulling new air quality regulations

China is considering new air quality regulations as it looks to build on its success clearing Beijing's skies during the Olympics, environmental officials from the capital said on July 03.
Published 06 Jul, 2009 12:00am
Vegetarians less likely to develop cancer

Vegetarians less likely to develop cancer

Vegetarians are 12 percent less likely to develop cancer than meat eaters and the advantage is particularly marked when it comes to cancers of the blood, British researchers said. Past research has shown that eating lots of red or processed meat is linked
Published 06 Jul, 2009 12:00am
Solar orbiter Ulysses ends mission after 18 years

Solar orbiter Ulysses ends mission after 18 years

The interplanetary space probe Ulysses officially ceased operations on June 30, after an 18-year voyage of roughly 5.5 billion miles (8.85 billion km) and nearly three complete orbits around the sun, NASA said.
Published 06 Jul, 2009 12:00am
Will two flus mix in Indonesia? Experts worry

Will two flus mix in Indonesia? Experts worry

Indonesia's first cases of the new H1N1 flu have raised concerns that if the virus spreads it could combine with the entrenched and deadly H5N1 avian influenza to create a more lethal strain of flu. Even if this worst-case scenario did not occur, experts
Published 06 Jul, 2009 12:00am
Blood pressure drugs slow eye problems in diabetes

Blood pressure drugs slow eye problems in diabetes

Two Merck blood pressure drugs given to diabetics to prevent worsening kidney problems do not work in that way but may prevent diabetes-related eye problems, researchers reported on July 01. The Vasotec brand of enalapril and the Cozaar brand of losartan
Published 06 Jul, 2009 12:00am
Cybercrime spreading rapidly on Facebook

Cybercrime spreading rapidly on Facebook

Cybercrime is rapidly spreading on Facebook as fraudsters prey on users who think the world's top social networking site is a safe haven on the Internet. Lisa Severens, a clinical trials manager from Worcester, Massachusetts, learned the hard way. A virus
Published 06 Jul, 2009 12:00am
Comcast rolls out wireless Web for consumers

Comcast rolls out wireless Web for consumers

Comcast Corp, the largest US cable operator, said on June 26 it is introducing a wireless service for subscribers to access the Web beyond their homes anywhere within the United States. The so-called fourth-generation (4G) wireless service is the first ex
Published 06 Jul, 2009 12:00am
EU to have standard mobile phone chargers by 2010

EU to have standard mobile phone chargers by 2010

Europe's avid mobile phone-users will soon be able to empty their drawers of the familiar tangle of chargers after leading manufacturers agreed to make the Micro-USB connector the industry standard.
Published 06 Jul, 2009 12:00am
Facebook revising privacy settings

Facebook revising privacy settings

Facebook is revising its privacy settings to give the more than 200 million users of the social network the ability to share as much or as little about themselves online as they want. Chris Kelly, chief privacy officer at the Palo Alto, California-based c
Published 06 Jul, 2009 12:00am
Microsoft adds selected 'tweets' to Bing

Microsoft adds selected 'tweets' to Bing

Microsoft is integrating messages from prominent users of Twitter, the hot micro-blogging service, into the results generated by its new Internet search engine Bing. Microsoft said on July 2 that it did not plan to index all of Twitter and make it searcha
Published 06 Jul, 2009 12:00am
Google unveils SMS service for Africa

Google unveils SMS service for Africa

Google on June 29 unveiled a new service designed to provide information via SMS text message to mobile phone users in Africa, where cell phones are prevalent but Internet penetration is low.
Published 06 Jul, 2009 12:00am
Cisco may offer Web-based office software

Cisco may offer Web-based office software

Cisco Systems Inc is considering offering Web-based alternatives to Microsoft Corp's popular Office software as the networking giant expands on the Internet.
Published 06 Jul, 2009 12:00am
Ericsson wins broadband contracts in China

Ericsson wins broadband contracts in China

Swedish mobile phone network supplier Ericsson won contracts to supply broadband Internet to millions of users in China by a deal with three operators there, it said on July 3. The company, the world's leading mobile network supplier, said it had been awa
Published 06 Jul, 2009 12:00am
YouTube doubles video file size to 2G

YouTube doubles video file size to 2G

Video-sharing site YouTube announced on July 1 that it was doubling the size limit for uploads to its website to allow users to post more high-definition (HD) video. YouTube, in a blog post, said the size limit for uploads to the site was being doubled fr
Published 06 Jul, 2009 12:00am
Another destination for technology junkies

Another destination for technology junkies

The founder of two of the most popular gadget sites on the Web, Gizmodo and Engadget launched another destination for technology junkies on July 1. GDGT.com, the latest creation of Peter Rojas, describes itself as a social platform for lovers of computers
Published 06 Jul, 2009 12:00am
Google software to monitor Dutch economy

Google software to monitor Dutch economy

The Dutch version of Internet search engine Google launched new software on June 30, which it claims can assess the state of the local economy. The economic barometer, as the feature is called, checks the number of times people using Google are searching
Published 06 Jul, 2009 12:00am
Tesco probably not interested in Northern Rock

Tesco probably not interested in Northern Rock

Tesco, Britain's biggest retailer, is unlikely to be interested in a bid for nationalised bank Northern Rock, an industry source said on July 01. Earlier, the Times newspaper said Tesco had shown a provisional interest, alongside private equity funds and
Published 06 Jul, 2009 12:00am
General Motors sees its 2009 China sales up over 10 percent

General Motors sees its 2009 China sales up over 10 percent

General Motors expects more than 10 percent growth in its vehicle sales in China this year, the automaker's China chief Kevin Wale said on July 01, up from a previous forecast. GM has posted strong sales growth this year in China, its second-largest marke
Published 06 Jul, 2009 12:00am
General Motors sees its 2009 China sales up over 10 percent

General Motors sees its 2009 China sales up over 10 percent

General Motors expects more than 10 percent growth in its vehicle sales in China this year, the automaker's China chief Kevin Wale said on July 01, up from a previous forecast. GM has posted strong sales growth this year in China, its second-largest marke
Published 06 Jul, 2009 12:00am
Islamic banks need to revamp business model

Islamic banks need to revamp business model

Islamic banks in the Gulf Arab region need to adopt a new business model and take on more customers to weather the economic downturn, Ernst & Young's head of Islamic finance said on July 02. Islamic banks, many of which are investment houses, have been he
Published 06 Jul, 2009 12:00am
Bank of New York Mellon eyes Russia, India, China buys

Bank of New York Mellon eyes Russia, India, China buys

The Bank of New York Mellon, the world's largest custodian of financial assets, aims to expand in Russia, India and China, potentially through new acquisitions, a top executive at the bank said. Russia has already become the world's biggest net issuer of
Published 06 Jul, 2009 12:00am
Shenzhen Capital aims to double assets

Shenzhen Capital aims to double assets

Shenzhen Capital Group Co Ltd, China's top venture capital firm, aims to double its funds under management to more than 20 billion yuan ($2.48 billion) in three years by setting up more yuan investment funds and attracting more shareholders.
Published 06 Jul, 2009 12:00am
Shenzhen Capital aims to double assets

Shenzhen Capital aims to double assets

Shenzhen Capital Group Co Ltd, China's top venture capital firm, aims to double its funds under management to more than 20 billion yuan ($2.48 billion) in three years by setting up more yuan investment funds and attracting more shareholders.
Published 06 Jul, 2009 12:00am
Japanese banks Shinsei, Aozora announce plan to merge

Japanese banks Shinsei, Aozora announce plan to merge

Japanese lenders Shinsei and Aozora, which have been hit hard by the global financial crisis, announced on July 01, a planned merger that would create the nation's sixth biggest commercial bank. The two companies said in a joint statement that they had ag
Published 06 Jul, 2009 12:00am
Dow Chemical to close three plants

Dow Chemical to close three plants

Dow Chemical Co said on July 01, it will close three Louisiana plants as part of a shift away from basic chemicals toward the lucrative business of speciality chemicals. The shuttering comes as part of a massive plan to cut costs after Dow bought rival Ro
Published 06 Jul, 2009 12:00am
Indian duo make American minor league debuts

Indian duo make American minor league debuts

Two Indian youngsters took an important step in turning their American baseball dreams into reality when they made their debuts for Pittsburgh's rookie-level Gulf Coast League Pirates on Saturday.
Published 06 Jul, 2009 12:00am
Credit makes slow, cautious comeback in Asia

Credit makes slow, cautious comeback in Asia

Earlier this month, Henderson Land Development Co, a Hong Kong-based blue chip property developer, hoped to raise HK$5 billion ($641 million) from the syndicated loans market. Even with lending sluggish in most parts of the globe, 34 banks lined up at Hen
Published 06 Jul, 2009 12:00am
Leadership row still unresolved in Armstrong's team

Leadership row still unresolved in Armstrong's team

Astana manager Johan Bruyneel faces a dilemma over which of his men to back for victory after four of the team's riders, including Lance Armstrong, were in the top 10 of the Tour de France after the first stage. "There are eight riders who can win the Tou
Published 06 Jul, 2009 12:00am
Marseille owner Louis-Dreyfus dies

Marseille owner Louis-Dreyfus dies

Robert Louis-Dreyfus, the main shareholder in French soccer team Olympique Marseille, died on Saturday, sources close to the Ligue 1 club said. "Robert Louis-Dreyfus died in a Zurich hospital where he was treated for leukaemia," the sources added. French
Published 06 Jul, 2009 12:00am
Impressive Cavendish delivers as planned

Impressive Cavendish delivers as planned

Mark Cavendish made it clear he is probably untouchable in mass finishes on the Tour de France this year when he stunned the rest of the field to win the second stage on Sunday. Left in the front with three of his Columbia team mates after a crash in the
Published 06 Jul, 2009 12:00am
Kaymer wins French Open after playoff with Westwood

Kaymer wins French Open after playoff with Westwood

German Martin Kaymer won the French Open on Sunday after defeating former European number one Lee Westwood of Britain in a sudden-death playoff. Kaymer took the 930,000 dollars first prize with a par at the first extra hole after both men had finished on
Published 06 Jul, 2009 12:00am
Back-in-favour Yousuf repays Pakistan with ton

Back-in-favour Yousuf repays Pakistan with ton

Mohammad Yousuf hit a fluent century on his return to big-time cricket to put Pakistan ahead in the first Test against Sri Lanka here on Sunday. Yousuf made 112 and Misbah-ul Haq chipped in with 56 as Pakistan, replying to Sri Lanka's 292, recovered from
Published 06 Jul, 2009 12:00am
Pakistan to open Twenty20 Cup defence against Bangladesh

Pakistan to open Twenty20 Cup defence against Bangladesh

Pakistan will begin their Twenty20 World Cup title defence against Bangladesh in St Lucia on May 1 next year, the International Cricket Council (ICC) said in a statement on Sunday. Hosts West Indies will kick-start the event against one of two qualifiers
Published 06 Jul, 2009 12:00am
Beckenbauer says 2018 World Cup should go to Europe

Beckenbauer says 2018 World Cup should go to Europe

Franz Beckenbauer believes Europe should host the World Cup in 2018 after South Africa and Brazil stage the next two finals. The former World Cup-winning captain and coach with West Germany stopped short of endorsing any individual bids but said England w
Published 06 Jul, 2009 12:00am
Onions preferred to Harmison for Ashes opener

Onions preferred to Harmison for Ashes opener

Pace bowler Graham Onions won selection ahead of Durham team mate Steve Harmison in the England squad named on Sunday for the first Ashes test against Australia starting in Cardiff next week.
Published 06 Jul, 2009 12:00am
Defensive Murray must change tack: Stefanki

Defensive Murray must change tack: Stefanki

Andy Murray must ditch his defensive approach if he is to reach the top of the game, according to Larry Stefanki, the coach who helped mastermind Andy Roddick's semi-final defeat of the Briton at Wimbledon.
Published 06 Jul, 2009 12:00am
Totti open to Italy return

Totti open to Italy return

Former Italy striker Francesco Totti is open to the idea of coming out of international retirement, the AS Roma captain said on Sunday. "I will talk with coach Marcello Lippi and together we will consider my return to the national team," the 32-year-old,
Published 06 Jul, 2009 12:00am
US make winning start in Gold Cup

US make winning start in Gold Cup

The United States made a winning start to their defence of the CONCACAF Gold Cup on Saturday with a comfortable 4-0 victory over Grenada while Group B rivals Honduras beat Haiti 1-0.
Published 06 Jul, 2009 12:00am
Welsh umpire killed by cricket ball

Welsh umpire killed by cricket ball

Welsh cricket was in mourning Sunday when an umpire died after being struck on the head by a ball Alcywn Jenkins, 72, was standing at a game at the St Helen's ground in Swansea, south Wales, on Saturday when he died after being hit by a ball, which Britai
Published 06 Jul, 2009 12:00am
South Korea to raise $1.6 billion for green industries

South Korea to raise $1.6 billion for green industries

South Korea aims to raise 2.0 trillion won ($1.58 billion) from the private sector and increase fiscal and financial aid to help so-called "green industries", the government said on Sunday.
Published 06 Jul, 2009 12:00am
Bob Geldof grills Berlusconi on aid ahead of G8

Bob Geldof grills Berlusconi on aid ahead of G8

Irish singer and anti-poverty campaigner Bob Geldof grilled Silvio Berlusconi in an interview published on Sunday, telling him Rome's failed pledges on aid put his credibility in doubt as he chairs a G8 summit this week.
Published 06 Jul, 2009 12:00am
Indian budget faces tough balancing act: economists

Indian budget faces tough balancing act: economists

India's new Congress-led government will have to balance conflicting objectives of spurring growth and reining in a soaring fiscal deficit when it presents its first budget on Monday. Economists and analysts predict the budget will focus on regulatory and
Published 06 Jul, 2009 12:00am
German Finance Minister rules out tax hikes

German Finance Minister rules out tax hikes

German Finance Minister Peer Steinbrueck this weekend ruled out tax hikes over the next two years, as they could damage demand, but also slammed plans by the conservatives to cut taxes after September's federal election.
Published 06 Jul, 2009 12:00am
Recruiter of 'child suicide bombers' arrested in Afghanistan

Recruiter of 'child suicide bombers' arrested in Afghanistan

A terrorist who allegedly recruited Afghan children to serve as suicide bombers has been taken into custody, US officials reported Sunday. The arrest was made south of the Afghan capital of Kabul. A second rebel sympathiser had been taken into custody the
Published 06 Jul, 2009 12:00am
Chhipa launches donation boxes

Chhipa launches donation boxes

Chhipa Welfare Association has formally launched a program for collection of charity to be deposited at donation boxes at Chhipa's centers and booths. This was revealed in Chhipa Chief Ramzan Chhipa's humanitarian appeal for the donation of funds, here on
Published 06 Jul, 2009 12:00am
PPP leaders hold meetings with Qaim and Faryal Talpur

PPP leaders hold meetings with Qaim and Faryal Talpur

Pakistan Peoples Party (PPP), senior leaders and district presidents met Sindh Chief Minister, Syed Qaim Ali Shah and Faryal Talpur, MNA, at CM House here. According to a statement issued here on Sunday, the PPP leaders discussed the development activitie
Published 06 Jul, 2009 12:00am
Pacra assigns ratings to BoK

Pacra assigns ratings to BoK

The Pakistan Credit Rating Agency (Pacra) has assigned long-term and short-term entity ratings of BBB (Triple B) and "A2" (A two), respectively to the Bank of Khyber (BoK). These ratings denote low expectation of credit risk emanating from an adequate cap
Published 06 Jul, 2009 12:00am
Pacra assigns ratings to BoK

Pacra assigns ratings to BoK

The Pakistan Credit Rating Agency (Pacra) has assigned long-term and short-term entity ratings of BBB (Triple B) and "A2" (A two), respectively to the Bank of Khyber (BoK). These ratings denote low expectation of credit risk emanating from an adequate cap
Published 06 Jul, 2009 12:00am
Obama's opening shot

Obama's opening shot

President Obama has arrived in the Helmand river valley, not physically, but as the opening phase of his much vaunted new US strategy to chase out and win the elusive victory in Afghanistan. Some 4000 Marines, with 650 Afghan soldiers in tow, stormed the
Published 06 Jul, 2009 12:00am
Tax collection in FY09

Tax collection in FY09

Tax collection efforts have certainly faltered during 2008-09. According to the provisional figures released by the Federal Board of Revenue (FBR) on 2nd July, tax authorities were able to raise only Rs 1152.8 billion during the outgoing fiscal year, as a
Published 06 Jul, 2009 12:00am
July five to be remembered as Black Day, says Sharmila

July five to be remembered as Black Day, says Sharmila

Adviser to the Sindh Chief Minister, Sharmila Farooqui said that the 5 July 1977 would be remembered as a black day in the country's history. During a visit to the Karachi Press Club, she said that on July 5, 1977 a dictator had overthrown an elected gove
Published 06 Jul, 2009 12:00am
Another jaunt abroad by President: trade not aid

Another jaunt abroad by President: trade not aid

President Asif Ali Zardari has stated the age-old mantra of developing countries, - most recently in Brussels at the first-ever European Union summit on Pakistan: Pakistan needs trade, not aid. No pledges in this regard were made and senior European offic
Published 06 Jul, 2009 12:00am
A questionable approach

A questionable approach

Speaking at a consultative group meeting in Islamabad, last Thursday, a representative of the Pakistan Electric Power Company (Pepco) said what many have already been saying: that the new rental power plants are too expensive and inefficient. It also expl
Published 06 Jul, 2009 12:00am
Budget irrelevant to masses

Budget irrelevant to masses

Although annual budget plays a significant role in setting a direction for socio-economic development of a country, it has perhaps never been an occasion of happiness for common man in Pakistan.
Published 06 Jul, 2009 12:00am
Little steps can lead you out of depression trap

Little steps can lead you out of depression trap

Depression is a serious medical illness; it's not something that you have made up in your head. It's more than just feeling 'down in the dumps' or 'blue' for a few days. It's feeling 'down' and 'low' and 'hopeless' for weeks at a time feeling down from ti
Published 06 Jul, 2009 12:00am
Evil of child labour

Evil of child labour

As the time passed by, the competition for economic gain has also increased. In this pursuit of keeping oneself ahead of the world has made tremendous advancements. To keep the business efficient and profitable the world has always been receiving dents in
Published 06 Jul, 2009 12:00am
Suharto-era figures dominate Indonesian election

Suharto-era figures dominate Indonesian election

More than 11 years after the downfall of Indonesia's autocratic president Suharto, whose 32-year rule was marked by corruption and rights abuses, figures from his era are still dominating Indonesia's political scene.
Published 06 Jul, 2009 12:00am
Tunisia suspends Makkah pilgrimages due to swine flu

Tunisia suspends Makkah pilgrimages due to swine flu

Tunisia suspended Saturday lesser pilgrimages to Makkah for fear of swine flu infection, but reserved judgement on whether the main haj pilgrimage should be undertaken in November. As well as the annual haj, which all Muslims are required to make once in
Published 06 Jul, 2009 12:00am
Musharraf sees foreign hand in terrorist activities

Musharraf sees foreign hand in terrorist activities

Former President General Pervez Musharraf has said that foreign elements are involved in destabilising the situation in Pakistan. In an interview with an English Magazine, he said foreign elements, which were involved in terrorist activities acquire money
Published 06 Jul, 2009 12:00am
Five dead, 34 wounded in Philippine church bombing

Five dead, 34 wounded in Philippine church bombing

Five people were killed and at least 34 wounded in a suspected rebel bomb attack outside a Catholic church in the strife-torn southern Philippines Sunday, officials said. A lone suspect left a home-made device outside the Immaculate Conception cathedral i
Published 06 Jul, 2009 12:00am
Love of family, country, Alaska, led to resignation: Palin

Love of family, country, Alaska, led to resignation: Palin

Sarah Palin, the Republican Party's 2008 vice presidential nominee, said love of her remote state, her country and family prompted her abrupt resignation this weekend as Alaska governor. "Those who know me know this is the right decision and obvious decis
Published 06 Jul, 2009 12:00am
British spy chief's family life posted on Facebook

British spy chief's family life posted on Facebook

The wife of the new head of Britain's spy agency posted pictures of her husband, family and friends on Internet networking site Facebook, prompting astonishment among security experts and calls for an enquiry. Sir John Sawers was appointed last month to t
Published 06 Jul, 2009 12:00am
Obama heads to Russia to warm chilled ties

Obama heads to Russia to warm chilled ties

US President Barack Obama visits Russia Monday in the hope of finding agreements on military transit and weapons reductions to revive a relationship that last year plunged to a post Cold War low.
Published 06 Jul, 2009 12:00am
Jordanian protest over imports of Israeli fruits and vegetables

Jordanian protest over imports of Israeli fruits and vegetables

Jordanian police have clashed with about 45 protesters outside the country's agricultural ministry, demanding an end to the import of Israeli fruits and vegetables. Police wielded batons against some of the demonstrators, who chanted slogans that Israeli
Published 06 Jul, 2009 12:00am
Crime and crisis focus of Bulgarian poll

Crime and crisis focus of Bulgarian poll

Bulgarians voted on Sunday in a parliamentary election they hope will restart reforms to combat endemic corruption and heal an economy severely damaged by the global crisis.
Published 06 Jul, 2009 12:00am
North Korea may have fired mid-range missile

North Korea may have fired mid-range missile

The US pointman for sanctions on North Korea begins talks in Malaysia on Sunday, possibly on links banks have to the North's finances, while a report said Pyongyang may have fired mid-range missiles in a series fired on Saturday.
Published 06 Jul, 2009 12:00am
Suu Kyi party blames junta for UN's failed mission

Suu Kyi party blames junta for UN's failed mission

The UN secretary-general's visit to military-ruled Myanmar was a failure but it was not his fault, the opposition party of Aung San Suu Kyi said Sunday. The failure was because of "a lack of willingness and genuine goodwill on the part of the government,"
Published 06 Jul, 2009 12:00am
Chinese carmaker bids for GM's Opel: reports

Chinese carmaker bids for GM's Opel: reports

Chinese carmaker Beijing Automotive Industry Corp is in the running for General Motors' European unit with a bid worth 660 million euros (922 million dollars), according to reports. BAIC and GM China were both unavailable for comment when contacted by AFP
Published 06 Jul, 2009 12:00am
Malaysian shares may continue correction

Malaysian shares may continue correction

Malaysian shares are expected to continue their correction amid a weakening in the broader market, analysts said on Friday. TA Securities analyst Stephen Soo said the market was due for a correction based on over-bought positions.
Published 06 Jul, 2009 12:00am
Singapore shares likely to trade weaker

Singapore shares likely to trade weaker

Singapore shares are expected to trade lower in the week ahead with investors only stepping in when they see bargain stocks or positive economic data, analysts said. The blue chip Straits Times Index closed on Friday at 2,299.75, down 18.2 or 0.79 percent
Published 06 Jul, 2009 12:00am
We misread how bad the economy was: Biden

We misread how bad the economy was: Biden

Vice President Joe Biden said the Obama administration "misread how bad the economy was" but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up. Biden, in an interview airing Sunday on TV networ
Published 06 Jul, 2009 12:00am
Jakarta shares likely to move upward

Jakarta shares likely to move upward

Indonesian shares are set to rise, spurred on by a 25 point cut in the interest rate and a likely peaceful presidential election, dealers said. "There's a chance that the index will go up," Ciptadana Securities head of sales John Teja told AFP. "The suppo
Published 06 Jul, 2009 12:00am
China undecided on anti-dumping moves against Saudi exports

China undecided on anti-dumping moves against Saudi exports

China is still undecided about imposing an anti-dumping charge on Saudi petrochemical exports, its embassy in Riyadh said Sunday, after Saudi exporters called for retaliatory duties on Chinese exports. "The judgement is preliminary" and a punitive tariff
Published 06 Jul, 2009 12:00am
Philippines removes stamp tax on stock trading

Philippines removes stamp tax on stock trading

Philippine President Gloria Macapagal Arroyo has signed a law permanently removing documentary stamp tax on the sale, barter or exchange of listed shares to stimulate the market and make it more attractive to investors. The law, signed on June 30, comes a
Published 06 Jul, 2009 12:00am
Philippines removes stamp tax on stock trading

Philippines removes stamp tax on stock trading

Philippine President Gloria Macapagal Arroyo has signed a law permanently removing documentary stamp tax on the sale, barter or exchange of listed shares to stimulate the market and make it more attractive to investors. The law, signed on June 30, comes a
Published 06 Jul, 2009 12:00am
Bangladesh remittances hit record despite global slump

Bangladesh remittances hit record despite global slump

Bangladesh's expatriate workers sent home a record $9.68 billion in the fiscal year that ended in June, 22.3 percent higher than in 2007/08, in spite of the global economic downturn. The impoverished South Asian country received $911.62 million in remitta
Published 06 Jul, 2009 12:00am
China won't press for new global currency at G8

China won't press for new global currency at G8

China has no plans to raise its proposal for a new global currency to replace the dollar at the G8 meeting this week but is willing to discuss it, a top Chinese diplomat said, as President Hu Jintao left Sunday for Italy. China is not one of the Group of
Published 06 Jul, 2009 12:00am
France and Russia want deeper currency debate

France and Russia want deeper currency debate

France and Russia on Sunday urged a debate about the world's reserve currencies saying the current system, which is dominated by the US dollar, was out of date. However, Russia said at the moment there was no obvious replacement for the US dollar and the
Published 06 Jul, 2009 12:00am
Kuwait wants oil price above $60

Kuwait wants oil price above $60

Kuwait wants to see the price of oil stay above $60 a barrel, the OPEC member's oil minister said on Sunday. "We will be watching the market very closely," Kuwait's Oil Minister Sheikh Ahmad al-Abdullah al-Sabah told reporters at parliament. "We would not
Published 06 Jul, 2009 12:00am
Foreign bonds find favour as anxiety on dollar grows

Foreign bonds find favour as anxiety on dollar grows

Increasing appetite for bonds as global credit markets heal and growing anxiety about a possible dollar slide are tempting US investors back into foreign bond funds for the first time since the market panic of late 2008.
Published 06 Jul, 2009 12:00am
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