Category: Other
‘s inflation slows for second successive week
NEW DELHI, September 4, 2008 (AFP) – India’s inflation slowed for a second week in a row but remained far above the central bank’s tolerance level, data on Thursday showed.Annual inflation slipped to 12.34 percent for the week ended August 23 from 12.40 percent a week earlier, according to the Wholesale Price Index, India’s most-watched […]
‘s prime minister escapes assassination attempt: official
ISLAMABAD, September 3, 2008 (AFP) – Pakistani Prime Minister Yousuf Raza Gilani escaped an assassination attempt after shots were fired at his vehicle Wednesday, his spokesman said. “By the grace of Allah the prime minister is safe,” Bashir said. “There was firing near the motorcade of the prime minister. Two bullets hit the window glass […]
‘s Tata says seeks new sites for cheap car plant
NEW DELHI, September 3, 2008 (AFP) – India’s giant Tata Motors sought new sites Wednesday to make the world’s cheapest car after suspending work on its plant in eastern India in the face of huge farmer and political protests. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Malaysia sends troops to protect ships in Gulf of Aden: report
KUALA LUMPUR, September 3, 2008 (AFP) – Malaysia has sent crack troops and navy ships to the Gulf of Aden after two of its vessels were seized by pirates last month, according to reports Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The comments by deputy […]
Kuwait gives illegal expats six-week amnesty
KUWAIT CITY, Sept 02, 2008 (AFP) – Kuwait has granted illegal foreign residents a six-week amnesty to legalise their status or leave the oil-rich emirate without paying a fine. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 In a decree cited by the official KUNA […]
Brazil starts to tap deepwater oil field
RIO DE JANEIRO, September 1, 2008 (AFP) – Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new fields located even farther out to sea. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
Oil prices at 105 dollars, as commodity and credit bubble deflates
LONDON, September 2, 2008 (AFP) – Oil prices dived under 105 dollars on Tuesday, reaching four-month lows, after Hurricane Gustav spared key energy facilities in the Gulf of Mexico and the US currency strengthened, analysts said. “Hurricane Gustav weakened once it reached the US Gulf Coast, putting pressure on the energy market,” said Andrey Kryuchenkov, […]
GM opens second plant in western India
MUMBAI, September 2, 2008 (AFP) – US-based auto giant General Motors opened its second plant in western India on Tuesday that will nearly triple annual production capacity to 225,000 vehicles a year. The company said it had invested 300 million dollars in the new factory in Talegaon, near Pune city, 160 kilometers (100 miles) southeast […]
Philippine corporate profits fall: study
MANILA, September 2, 2008 (AFP) – Soaring inflation contributed to a 4.3-percent fall in profits at listed Philippine firms over the three months to March, a stock exchange study said Tuesday.The fall against the same quarter last year pushed profits among the 221 companies down to 66.68 billion pesos (1.46 billion dollars), according to the […]
Sri Lanka, India in tea import deal
Sept 02, 2008 (LBO) – Two of the world’s biggest tea exporters, Sri Lanka and India, have signed an agreement on tea imports into each other’s countries, news reports said. Sri Lanka tea industry officials also said exports of Ceylon tea to India had for long been held up by red tape and other restrictions […]
Philippines police could face charges for detaining journalists
MANILA, September 1, 2008 (AFP) – Philippine police officers who crushed a right-wing military revolt last year could face criminal charges for detaining journalists covering it, the head of the independent human rights commission said Monday. The commission ruled that the brief detention of journalists covering the story was arbitrary and violated their constitutional right […]
Indonesian inflation nears 12 percent in August: officials
JAKARTA, September 1, 2008 (AFP) – Indonesia’s annual inflation rate rose to 11.85 percent in August after month-on-month growth of 0.51 percent, Central Statistics Agency chief Rusman Heriawan said Monday. Annual price growth was less than the expected 12 percent, according to economists polled by Dow Jones Newswires. While inflation last month was slower than […]