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Print - 2010-11-01
The Weather

The Weather

The weather report on Sunday (October 31, 2010) and the forecast for Monday (November 01, 2010).

Published 01 Nov, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 25 to 29 2010)

Published 01 Nov, 2010 12:00am
Danish party calls for ban on Arab TV channels

Danish party calls for ban on Arab TV channels

The leader of Denmark's populist Danish People's Party, on which the government relies for support, said in a newspaper interview published on Sunday that pan-Arab television channels Al-Jazeera and Al Arabiya should be stopped from broadcasting to the co
Published 01 Nov, 2010 12:00am
Rousseff confident of winning Brazil's presidency

Rousseff confident of winning Brazil's presidency

Brazilian President Luiz Inacio Lula da Silva's chosen candidate to succeed him, Dilma Rousseff, said she was certain of victory in a runoff election Sunday against a trailing rival. "I am confident in the results of today's vote," she told reporters befo
Published 01 Nov, 2010 12:00am
Nato faces Afghan training shortfall, looks offshore

Nato faces Afghan training shortfall, looks offshore

Nato still faces a shortage of specialist instructors to train Afghan forces and has begun sending hundreds to study outside Afghanistan as a stopgap solution, the head of Nato's training mission said on Sunday.
Published 01 Nov, 2010 12:00am
Somali parliament approves new prime minister

Somali parliament approves new prime minister

Somali legislators approved the appointment of Prime Minister Mohamed Abdullahi Mohamed on Sunday, voting overwhelmingly for the president's nominee. The presidency said in a statement that 297 of the 392 members of parliament present voted with a show of
Published 01 Nov, 2010 12:00am
Israeli minister calls for tourist boycott of Turkey

Israeli minister calls for tourist boycott of Turkey

Israel's tourism minister called on his countrymen on Sunday not to holiday in Turkey, after reports that its National Security Council had defined Israeli policies in the Middle East as a threat. "Our citizens have nothing to do in Turkey," minister Stas
Published 01 Nov, 2010 12:00am
Iran not ready to talk nuclear

Iran not ready to talk nuclear

Iran will not discuss its nuclear programme at talks with global powers, an adviser to President Mahmoud Ahmadinejad said on Sunday, adding fresh doubt to the chances of a negotiated end to its stand-off with the West.
Published 01 Nov, 2010 12:00am
Europe must save shrinking African lake: Gaddafi

Europe must save shrinking African lake: Gaddafi

Europe will be confronted with 30 million Africans trying to reach its shores unless it acts to stop climate change from depleting a lake on which they depend, Libyan leader Muammar Gaddafi said on Sunday.
Published 01 Nov, 2010 12:00am
Three dead in railway accident in Montreal

Three dead in railway accident in Montreal

A train struck and killed three young men walking near railway tracks in Montreal overnight, police said Sunday. Constable Danny Richer told AFP that the victims, one aged 17 and two others aged 19, were hit by the VIA Rail train in southern Montreal at a
Published 01 Nov, 2010 12:00am
US liberal rally in Washington drew 215,000

US liberal rally in Washington drew 215,000

A Washington rally hosted by liberal comics as an antidote to seething partisan rhetoric ahead of US mid-term elections drew 215,000 people, an estimate commissioned by CBS News said Sunday.
Published 01 Nov, 2010 12:00am
68 dengue patients discharged from hospital on recovery

68 dengue patients discharged from hospital on recovery

The District Administrator Hyderabad Aftab Ahmed Khatri has said that out of 73 dengue virus infected patients, admitted in Civil Hospital Hyderabad, 68 have recovered and discharged their homes till date. He said that four patients were still admitted an
Published 01 Nov, 2010 12:00am
Flood affected areas: 'academic session in schools begins'

Flood affected areas: 'academic session in schools begins'

The Senior Sindh Education Minister Pir Mazhar-ul-Haq said that since flood affected people are returning to their native places, the academic sessions in Schools have also been started. He said that we are well aware of the loss to students' education du
Published 01 Nov, 2010 12:00am
Snub-nosed monkey

Snub-nosed monkey

A new type of snub-nosed monkey (Rhinopithecus strykeri) is seen in this undated handout of an artist rendering released on October 26. A new type of snub-nosed monkey has been found in a remote forested region of northern Myanmar which is under threat fr
Published 01 Nov, 2010 12:00am
New polio vaccine raises hope for eradication

New polio vaccine raises hope for eradication

A new polio vaccine offers superior immunisation and is raising hopes of a total eradication of the disease, according to a study published on October 26 by British medical journal The Lancet. There are three types of the polio virus, and while type 2 has
Published 01 Nov, 2010 12:00am
Aspirin cuts prostate cancer risk

Aspirin cuts prostate cancer risk

Cheap, easy-to-take aspirin tablets may help men being treated for prostate cancer live longer, US researchers reported on October 25. Prostate cancer patients who had been treated with either surgery or radiation, and who took aspirin or other anticoagul
Published 01 Nov, 2010 12:00am
Climate change to hit Asia's poor hardest: World Bank

Climate change to hit Asia's poor hardest: World Bank

Asia's poor will bear the brunt of disasters sparked by climate change and rapid urbanisation, a World Bank expert told a regional conference on October 26. "More than others, poor people pay for disaster with their lives," the bank's director for sustain
Published 01 Nov, 2010 12:00am
2010 'exceptional year' for weather disasters

2010 'exceptional year' for weather disasters

Catastrophic floods in Pakistan, wildfires in Russia, hurricanes in Mexico - 2010 has so far been an "exceptional" year for weather-related disasters, German reinsurance giant Munich Re said on October 28. "This year really has been a year of weather reco
Published 01 Nov, 2010 12:00am
Gene mapping project offers new clues about human diseases

Gene mapping project offers new clues about human diseases

Early data from the 1,000 Genomes Project, an international effort to build a detailed map of human genetic variation, is already offering new clues about human disease, including why some people are more severely affected by disease than others.
Published 01 Nov, 2010 12:00am
A Fifth of vertebrates face extinction

A Fifth of vertebrates face extinction

About a fifth of the world's vertebrates are threatened with extinction, a major review has found, highlighting the plight of nature that is the focus of global environment talks underway in Japan.
Published 01 Nov, 2010 12:00am
China reports first cases of South Asian superbug

China reports first cases of South Asian superbug

China said on October 26 it had detected the nation's first three cases of a multi-drug resistant superbug that surfaced in South Asia and has triggered a global health alert, state media reported.
Published 01 Nov, 2010 12:00am
Departing Microsoft visionary sees 'post-PC' world

Departing Microsoft visionary sees 'post-PC' world

Microsoft Corp's resident visionary and departing software chief has urged the company to move on from its Windows and Office roots and imagine a "post-PC world" of simple, global Web devices.
Published 01 Nov, 2010 12:00am
PayPal unveils micropayments, Facebook integration

PayPal unveils micropayments, Facebook integration

PayPal unveiled a new micropayments service on October 26 that makes it easier to buy digital goods and announced an integration with social networking giant Facebook. PayPal said the new micropayments system "lets consumers pay for digital goods and cont
Published 01 Nov, 2010 12:00am
Barnes & Noble's colour e-reader

Barnes & Noble's colour e-reader

US bookstore giant Barnes & Noble unveiled a colour electronic book reader on October 26, getting the jump on rivals Amazon and Sony. The Nook Colour features a seven-inch (18-centimeter) touchscreen display and sells for 249 dollars, about half the price
Published 01 Nov, 2010 12:00am
Google refreshes local search results

Google refreshes local search results

Google rolled out a new feature called "Place Search" on October 27 to make it easier for users to find information about local businesses. Place Search eliminates the need to perform several Internet searches by grouping multiple results about a specific
Published 01 Nov, 2010 12:00am
Myspace rolls out redesign, targets 'Generation Y'

Myspace rolls out redesign, targets 'Generation Y'

Social network pioneer Myspace unveiled a redesign on October 27 targeting the "Generation Y" younger audience as it seeks to regain ground lost to Facebook. Myspace, which Rupert Murdoch's News Corp. bought for 580 million dollars in 2005, said its new w
Published 01 Nov, 2010 12:00am
Internet accounts for 7.2 percent of UK economy: study

Internet accounts for 7.2 percent of UK economy: study

The Internet contributed 100 billion pounds (155 billion dollars, 115 billion euros) to the British economy last year, about 7.2 percent of gross domestic product (GDP), a report showed on October 28.
Published 01 Nov, 2010 12:00am
China claims world's fastest supercomputer

China claims world's fastest supercomputer

A Chinese supercomputer has recorded the world's fastest processing speed, apparently overtaking its US rival, reports said on Thursday. The Tianhe-1A supercomputer achieved a sustained processing speed of 2.51 petaflops, or 2.51 quadrillion calculations,
Published 01 Nov, 2010 12:00am
Everest Summit wired up with Internet

Everest Summit wired up with Internet

Climbers at the top of Mount Everest, the world's highest peak, will now be able to make video calls and surf the Internet on their mobile phones, a Nepalese telecom group claims.
Published 01 Nov, 2010 12:00am
Overhauled Yahoo! Mail makes its debut

Overhauled Yahoo! Mail makes its debut

An overhauled version of Yahoo! Mail was rolled out late October 27 as the pioneering Internet firm sought to better integrate trends such as social networking. A beta, or test, version of Yahoo! Mail has been streamlined for speed and designed to let peo
Published 01 Nov, 2010 12:00am
Taiwan's Acer to unveil tablet computer

Taiwan's Acer to unveil tablet computer

Taiwan's Acer Inc, the world's second biggest PC vendor, said on October 27 it will unveil its first tablet computer next month amid strong demand for the gadget. Acer Chief Executive Gianfranco Lanci told Dow Jones Newswires that the tablet device will b
Published 01 Nov, 2010 12:00am
Facebook lets friends share online memories

Facebook lets friends share online memories

Facebook on October 28 launched Friendship Pages at which online pals can stroll virtual memory lanes that chronicle what they have shared at the world's top online social networking service.
Published 01 Nov, 2010 12:00am
Apple delays release of white iPhone again

Apple delays release of white iPhone again

Apple fans are going to have to wait a bit longer to get their hands on a white iPhone 4. "We're sorry to disappoint customers waiting for the white iPhone yet again, but we've decided to delay its release until this spring," Trudy Muller, an Apple spokes
Published 01 Nov, 2010 12:00am
Tunisie Telecom plans dual listing by year-end

Tunisie Telecom plans dual listing by year-end

The head of the Tunis stock exchange said on October 25 Tunisie Telecom plans a dual listing by the end of this year on the Tunis exchange and a European bourse.
Published 01 Nov, 2010 12:00am
Bayer net profit up by 12.4 percent

Bayer net profit up by 12.4 percent

German chemical company Bayer, maker of Aspirin, said on October 28 that its third quarter net profit gained 12.4 percent to 280 million euros (386 million dollars), well below analyst expectations. Bayer said it had taken 436 million euros in provisions
Published 01 Nov, 2010 12:00am
Bayer net profit up by 12.4 percent

Bayer net profit up by 12.4 percent

German chemical company Bayer, maker of Aspirin, said on October 28 that its third quarter net profit gained 12.4 percent to 280 million euros (386 million dollars), well below analyst expectations. Bayer said it had taken 436 million euros in provisions
Published 01 Nov, 2010 12:00am
Commerzbank expects surge of IPO activity in 2011

Commerzbank expects surge of IPO activity in 2011

Capital markets activity in Germany is likely to surge in 2011 as economic sentiment remains stable, private equity investors seek exits and shares are seen as a good alternative to low-yielding bonds, Commerzbank said.
Published 01 Nov, 2010 12:00am
Fujitsu second quarter profit tumbles, strong yen weighs

Fujitsu second quarter profit tumbles, strong yen weighs

Japanese information technology services giant Fujitsu said on October 27 its net profit for the July-September period tumbled 76 percent on-year while sales were hit by the impact of a surging yen. The firm recorded a group net profit of 17.4 billion yen
Published 01 Nov, 2010 12:00am
Saudi Arabia plans to open further biggest Arab bourse

Saudi Arabia plans to open further biggest Arab bourse

Saudi Arabia plans to open further the biggest Arab bourse to foreign investors but will do so only in gradual steps for fear of letting in "hot" speculative money, the head of the kingdom's financial regulator told Reuters.
Published 01 Nov, 2010 12:00am
Sukuk sales to hit $46 billion in 2011: BMB Islamic

Sukuk sales to hit $46 billion in 2011: BMB Islamic

The global Islamic bond market could see issues of close to $46 billion in 2011 as investor confidence returns and new issuers emerge in the growing Islamic finance industry, BMB Islamic's chief executive said.
Published 01 Nov, 2010 12:00am
Sukuk sales to hit $46 billion in 2011: BMB Islamic

Sukuk sales to hit $46 billion in 2011: BMB Islamic

The global Islamic bond market could see issues of close to $46 billion in 2011 as investor confidence returns and new issuers emerge in the growing Islamic finance industry, BMB Islamic's chief executive said.
Published 01 Nov, 2010 12:00am
Wall Street rally seen through first quarter 2011

Wall Street rally seen through first quarter 2011

US stocks are poised to continue rallying through next March, although Wall Street should ease somewhat following mid-term elections next week, Citigroup's chief US equity strategist said on October 25. "Near term, the market looks good through the first
Published 01 Nov, 2010 12:00am
Bett Kimutai breaks Athens Classic Marathon record

Bett Kimutai breaks Athens Classic Marathon record

Raymond Bett Kimutai led a Kenyan sweep and set an event record for the 28th Athens Classic Marathon (ACM) on Sunday as Greece celebrated the 2,500th anniversary of the Battle of Marathon.
Published 01 Nov, 2010 12:00am
Melzer claims second Vienna title

Melzer claims second Vienna title

Jurgen Melzer made an heroic turnaround from the verge of defeat Sunday, defeating compatriot Andreas Haider-Maurer 6-7 (10/12), 7-6 (7/4), 6-4 to win the Austria Tennis Trophy for a second straight year.
Published 01 Nov, 2010 12:00am
Little surprise in Pakistan over appeals' verdict

Little surprise in Pakistan over appeals' verdict

Former Pakistan cricketers and officials voiced mixed reactions on Sunday after the ICC rejected the appeals of Salman Butt and Mohammad Aamer against suspensions over spot-fixing claims. The International Cricket Council code of conduct commissioner hear
Published 01 Nov, 2010 12:00am
Kukushkin claims maiden title in St. Petersburg

Kukushkin claims maiden title in St. Petersburg

Unheralded Mikhail Kukushkin of Kazakhstan shocked top seed Mikhail Youzhny of Russia to win his maiden title at the St. Petersburg Open indoor tournament here on Sunday. The 22-year-old Astana resident came through 6-3, 7-6 (7/2) winner in the final in t
Published 01 Nov, 2010 12:00am
Virender Sehwag backs umpire review system

Virender Sehwag backs umpire review system

India's opener batsman Virender Sehwag on Sunday batted for the Umpire Decision Review System (UDRS), asking for its implementation in all of India's upcoming engagements including next year's cricket World Cup. "I am a big fan of the UDRS," Sehwag told r
Published 01 Nov, 2010 12:00am
Rodriguez snatches Liverpool win, Newcastle rout

Rodriguez snatches Liverpool win, Newcastle rout

Maxi Rodriguez scored four minutes from time to earn Liverpool a 1-0 win at Bolton Wanderers which lifted them out of the Premier League relegation zone on Sunday. The Argentine midfielder latched on to a Fernando Torres backheel to secure a first away le
Published 01 Nov, 2010 12:00am
Sri Lanka thrash Australia

Sri Lanka thrash Australia

Australian captain Michael Clarke again failed with the bat as his side lost their first Twenty20 game at home in a one-off international against Sri Lanka at the WACA Ground in Perth on Sunday. After winning the toss and batting first, the home side, fea
Published 01 Nov, 2010 12:00am
Mazembe crush 10-man Esperance in African final

Mazembe crush 10-man Esperance in African final

A controversial goal set title holders TP Mazembe of DR Congo on the road to a 5-0 drubbing of 10-man Esperance from Tunisia Sunday in the first leg of the African Champions League final. The North Africans claimed an Ngandu Kasongo header did not cross t
Published 01 Nov, 2010 12:00am
Del Piero aims at 200 after breaking record

Del Piero aims at 200 after breaking record

Juventus striker Alessandro Del Piero has set his sights on scoring 200 league goals for Juventus after becoming their outright top marksman of all time. Del Piero bagged his 179th Serie A goal in the 2-1 defeat of AC Milan on Saturday night, his strike p
Published 01 Nov, 2010 12:00am
14 people massacred at football match in Honduras

14 people massacred at football match in Honduras

Hooded gunmen on Saturday massacred 14 people at an amateur football match in Honduras's second city, San Pedro Sula, authorities said. "There were 14 of them at a football field in the Felipe Zelaya housing development; some guys showed up and started fi
Published 01 Nov, 2010 12:00am
Colombia takes measures against strong peso

Colombia takes measures against strong peso

Colombia announced on Friday measures to help counter the rise of its currency that included keeping money abroad, buying dollars in forwards markets and helping industry by cutting import tariffs.
Published 01 Nov, 2010 12:00am
Egypt's Amer Group to launch IPO

Egypt's Amer Group to launch IPO

Egyptian real estate firm Amer Group expects to raise $300 million through an initial public offering and a private placement before the end of November, a newspaper reported on Sunday.
Published 01 Nov, 2010 12:00am
Brazil's currency battle endangers forex reform

Brazil's currency battle endangers forex reform

Brazil's battle to slow a recent rally in its currency is jeopardising plans to open the real to international trading. With a view to one day becoming a major financial hub with as much clout as Hong Kong or New York, Brazil has been working to transform
Published 01 Nov, 2010 12:00am
Global Markets Weekahead: It's all about the Fed and QE

Global Markets Weekahead: It's all about the Fed and QE

The event putting investors' positions most at risk in the coming week is the very opposite of what they feared back in January. Then it was the "exit strategy" central bankers would employ to unwind the liquidity they had pumped into the world's economy
Published 01 Nov, 2010 12:00am
China funds raise equity weighting to record high

China funds raise equity weighting to record high

Mutual funds in China have raised their recommended equity weighting to a record high, betting ample liquidity at home and abroad will push stock prices higher, the latest monthly Reuters poll of fund managers shows. However, the stock market still faces
Published 01 Nov, 2010 12:00am
China funds raise equity weighting to record high

China funds raise equity weighting to record high

Mutual funds in China have raised their recommended equity weighting to a record high, betting ample liquidity at home and abroad will push stock prices higher, the latest monthly Reuters poll of fund managers shows. However, the stock market still faces
Published 01 Nov, 2010 12:00am
Libya mobile IPOs to be early 2011

Libya mobile IPOs to be early 2011

Libyan mobile telephone operators al Madar and Libyana will each list 30 percent stakes on the local stock exchange early next year, the chairman of the bourse told Reuters on Monday.
Published 01 Nov, 2010 12:00am
Libya mobile IPOs to be early 2011

Libya mobile IPOs to be early 2011

Libyan mobile telephone operators al Madar and Libyana will each list 30 percent stakes on the local stock exchange early next year, the chairman of the bourse told Reuters on Monday.
Published 01 Nov, 2010 12:00am
Tokyo investors to watch Fed meeting, currency

Tokyo investors to watch Fed meeting, currency

Tokyo traders will be watching a US Federal Reserve meeting and currency movements next week, hoping for news that might boost share prices from their current seven-week lows, brokers said Friday.
Published 01 Nov, 2010 12:00am
EU firms have problem with forex volatility

EU firms have problem with forex volatility

European companies are ready to accept the euro's rise if it is the result of market forces, but have difficulty coping with exchange rate volatility and currency manipulation, Europe's top business group said.
Published 01 Nov, 2010 12:00am
Arab states should open bourses: Jordan market chief executive

Arab states should open bourses: Jordan market chief executive

Arab governments should open up their stock markets and let them become public companies to give them greater flexibility to attract foreign investment, the chief executive of Jordan's bourse told Reuters. Many Arab exchanges are managed by governments wh
Published 01 Nov, 2010 12:00am
Middle East Stocks: Orascom Telecom at 19-month low on Algeria demand

Middle East Stocks: Orascom Telecom at 19-month low on Algeria demand

Egypt's Orascom Telecom plunged to a 19-month low on Sunday after Algeria said the operator must settle all liabilities before the state concludes a deal to nationalise OT's local mobile phone unit. OT fell 3.6 percent to its lowest close since March 17,
Published 01 Nov, 2010 12:00am
0London investors await Fed moves

0London investors await Fed moves

A meeting of US Federal Reserve policymakers is likely to concentrate minds on the London Stock Exchange next week, with investors anxious to know the scope of Fed measures to spur recovery. The FTSE 100 index on Friday finished at 5,677.89, a loss of 1.1
Published 01 Nov, 2010 12:00am
China cuts discount to mortgage rates

China cuts discount to mortgage rates

Beijing has taken a fresh step to discourage property buying by ordering banks to charge higher mortgage interest rates for first home buyers, local media reported over the weekend. Lenders were told by China's banking regulator that they can offer at mos
Published 01 Nov, 2010 12:00am
Germany could simplify tax rules by 2012: FinMin

Germany could simplify tax rules by 2012: FinMin

Germany could simplify its tax rules by 2012 to allow the public to file a tax declaration every other year instead of annually, Finance Minister Wolfgang Schaeuble said in a radio interview on Sunday.
Published 01 Nov, 2010 12:00am
Japanese firms profit from emerging economy demand

Japanese firms profit from emerging economy demand

Major Japanese companies boosted their profits in the July-September quarter, led by auto and consumer electronics makers exploiting growing demand in emerging market economies, a report said Sunday. The combined pre-tax group profit of 475 listed Japanes
Published 01 Nov, 2010 12:00am
French policymakers warn auto outlook bleak

French policymakers warn auto outlook bleak

France's auto industry faces a bleak outlook until at least early 2011 and local authorities must prepare to help struggling suppliers, policymakers warned in a letter published in Sunday paper Le Journal du Dimanche.
Published 01 Nov, 2010 12:00am
UK, Germany seek ways to boost global trade

UK, Germany seek ways to boost global trade

Britain, Germany, Indonesia and Turkey are setting up an experts' group to suggest ways to boost global trade, Britain and Germany said on Sunday. The group's creation, announced after talks between British Prime Minister David Cameron and German Chancell
Published 01 Nov, 2010 12:00am
China's Wen says World Expo good for reform

China's Wen says World Expo good for reform

Chinese Premier Wen Jiabao said Sunday that Shanghai's World Expo had given the fast-developing country the confidence to keep pushing reform, as visitors flooded the exhibition on its final day. More than 73 million people - a record for the extravaganza
Published 01 Nov, 2010 12:00am
UAE's ADIB bond sale nearly 5 times oversubscribed

UAE's ADIB bond sale nearly 5 times oversubscribed

Abu Dhabi Islamic Bank (ADIB), which on Thursday priced a $750 million Islamic bond, or sukuk, said the issue was over-subscribed 4.8 times with strong demand from Middle East, Europe and Asia.
Published 01 Nov, 2010 12:00am
UAE's ADIB bond sale nearly 5 times oversubscribed

UAE's ADIB bond sale nearly 5 times oversubscribed

Abu Dhabi Islamic Bank (ADIB), which on Thursday priced a $750 million Islamic bond, or sukuk, said the issue was over-subscribed 4.8 times with strong demand from Middle East, Europe and Asia.
Published 01 Nov, 2010 12:00am
FTSE to tighten rules for foreign firms

FTSE to tighten rules for foreign firms

FTSE Group will tighten the rules for foreign companies looking to join its major indices such as the FTSE 100, the Independent on Sunday reported. Foreign companies will have to sell at least 50 percent of their shares in London, up from 25 percent, to q
Published 01 Nov, 2010 12:00am
Angola wants higher output quota from Opec

Angola wants higher output quota from Opec

Angola wants Opec to raise the country's oil output quota as the south-west African country depends on its natural resources for "social economic recovery", Oil Minister Jose Botelho de Vasconcelos said on Sunday. Asked if the country was producing well a
Published 01 Nov, 2010 12:00am
Apec eyes next-generation broadband networks by 2020

Apec eyes next-generation broadband networks by 2020

Asian and Pacific countries agreed Sunday to help establish next-generation high-speed broadband networks in their region by 2020, overcoming the "digital divide" between rich and poor nations.
Published 01 Nov, 2010 12:00am
Vietnam and Japan to mine rare earths together

Vietnam and Japan to mine rare earths together

Vietnam has chosen to partner Japan in mining rare earth minerals and building a nuclear power plant in the Southeast Asian country, Japanese Prime Minister Naoto Kan said on Sunday, as Tokyo seeks to reduce its dependence on China.
Published 01 Nov, 2010 12:00am
Oil price 'very comfortable': Kuwait

Oil price 'very comfortable': Kuwait

Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah said on Sunday the price of oil is "very comfortable" despite crude having slid below 82 dollars a barrel. Speaking to reporters on the sidelines of the second "Kuwait Financial Forum", the minister said
Published 01 Nov, 2010 12:00am
France sees Iraq as boost to trade

France sees Iraq as boost to trade

France is increasingly eyeing war-torn Iraq for investment opportunities as trade booms between the two countries despite continuing insecurity and a difficult regulatory environment for foreign companies.
Published 01 Nov, 2010 12:00am
New banking rules imperfect: ECB's Mersch

New banking rules imperfect: ECB's Mersch

New global banking regulations agreed in September could hit economic growth and put European banks at a disadvantage, European Central Bank Governing Council member Yves Mersch said on Sunday. Mersch, who heads the central bank of Luxembourg, also critic
Published 01 Nov, 2010 12:00am
US firm to sell $4 billion's arms to Saudi

US firm to sell $4 billion's arms to Saudi

US firm Raytheon plans to deliver arms worth $4 billion to Saudi Arabia, while eyeing more contracts with the kingdom and neighbouring states Kuwait, Qatar and the United Arab Emirates, a senior executive said.
Published 01 Nov, 2010 12:00am
Iraq's Shia politicians turn down Saudi offer

Iraq's Shia politicians turn down Saudi offer

Iraq's Shia alliance turned down a Saudi Arabian offer on Saturday to host all-party talks to resolve months of political stalemate because it said it was confident a deal could be struck in Baghdad on a new government.
Published 01 Nov, 2010 12:00am
Obama gets 90 percent approval rating

Obama gets 90 percent approval rating

With three days to go to the US midterm elections, President Barack Obama's approval rating soared to 90 percent on Saturday - but only among the tens of thousands who gathered in Washington for a rally hosted by two liberal comics.
Published 01 Nov, 2010 12:00am